London and Vancouver, July 12, 2011 - Two leading international accountancy bodies, ACCA (the Association of Chartered Certified Accountants) and the Certified General Accountants Association of Canada (CGA-Canada) have renewed a global recognition agreement.
The Mutual Recognition Agreement (MRA), which was originally signed by the two bodies in December 2006, will now run a further five years until 2016, with the aim of bringing additional benefits to members of both organizations.
In the five years since the original agreement was signed, ACCA and CGA-Canada have worked closely on a number of initiatives, including research into the challenges faced by small and medium businesses attempting to gain access to finance. The research produced a wide range of recommendations for governments, lenders and businesses to help reduce the barriers to business growth.
The MRA has already enabled many qualified members of each association to become a member of the other body and enjoy the benefits of greater international recognition and improved professional mobility.
The new MRA was signed in London by ACCA Deputy President Dean Westcott and CGA-Canada Chair Joyce Evans.
ACCA Deputy President Dean Westcott said: 'We are delighted to be renewing this important agreement with CGA-Canada which has already delivered considerable benefits for members during a challenging period for our profession and the wider business community. The two bodies have already achieved a great deal working together on a number of initiatives, and we look forward to further successful collaboration in future.'
CGA-Canada Chair Joyce Evans said: 'CGA-Canada is committed to securing international alliances with other influential accountancy bodies. This new agreement with ACCA highlights that commitment. Increasingly, the accounting profession is being impacted by decisions made on the global stage, which makes strategic collaboration critically important for our members, students and the public.'
- Founded in 1908, the Certified General Accountants Association of Canada serves 75,000 Certified General Accountants and students in Canada and more than 90 countries. Respected accounting and financial management professionals, CGAs work in industry, finance, government and public practice. CGA-Canada establishes the designation’s certification requirements and professional standards, offers professional development, conducts research and advocacy, and represents CGAs nationally and internationally.
- For more information on CGA-Canada visit:www.cga.org/canada
- ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
- We support our 147,000 members and 424,000 students in 170 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 80 offices and centres and more than 8,500 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence.
- For more information on ACCA visit www.accaglobal.com
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