The announcement by the two bodies said the proposal is designed to give management accountancy a higher profile in the United States and advance the CPA designation as a worldwide standard and create a globally recognized management accounting designation. The proposal is scheduled to be voted upon in May by the governing councils of CIMA and the AICPA.
In a prepared statement, CIMA President George Glass said the agreement would give both organizations a global reach and would be appealing in both mature and emerging markets.