CGA’s New MRA 

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CGA’s New MRA

CGA-Canada and ACCA Sign Global Agreement.

FROM: MAR-APR 2007 ISSUE

CGA-Canada has signed a global mutual recognition agreement (MRA) with the Association of Chartered Certified Accountants (ACCA), which will bring real value to both bodies’ members, and enhance the services provided by both bodies to their members.

This MRA strengthens the already excellent relationship between the two bodies. It provides a route for qualified members of either body to become a member of the other body, and to enjoy the benefits which both organizations can offer. The agreement provides a greater platform for collaboration.

“The achievement of this historic mutual recognition agreement marks a significant milestone for the CGA designation and its presence on the global stage,” said
CGA-Canada chair Jackie Poirier. “We are extremely pleased about our expanding collaboration with ACCA, an organization with a worldwide reputation for excellence, innovation, and leadership. The partnership is a very good fit and holds great promise for the future.”

In the words of ACCA global president Dennis Yeates, “This [agreement] is a significant development for ACCA. The MRA with CGA-Canada represents the first accountancy partnership of its type in North America for ACCA, and it will strengthen our global network. We are proud to be associated with CGA-Canada which is achieving high growth and increasing market recognition in Canada and other parts of the world. Working together through this MRA will enable us to achieve a great deal for the wider profession.”

CGA-Canada president and CEO Anthony Ariganello, stated: “Strong and meaningful international alliances such this one are a very positive development for the profession as a whole and for the CGA designation in particular. The continuing globalization of international business and the accounting profession can only benefit from closer international collaboration and a greater sharing of knowledge, information, and strategic considerations. We have great hopes for the future of our relationship with ACCA and the ultimate benefits this will bring to members, students, and the general public.”

Allen Blewitt, ACCA’s chief executive, added: “This agreement exemplifies ACCA’s approach to global accountancy partnerships as it will focus on delivering services which add value to members in the workplace and throughout their careers. This MRA aligns us with an organization which we admire and which shares our values and agenda for the future of the global profession.”

The president of ACCA Canada, Hin Leong, emphasized: “The signing of the MRA is a logical extension of the close co-operation that has existed between CGA-Canada and ACCA. Both bodies share common and strong interests in the advancement of the profession of accountancy in Canada, especially in relation to the maintenance and strengthening of professional and educational standards,
and we look forward to working closely with CGA-Canada in all provinces in the future.”

This agreement follows on the heels of a joint CGA/ACCA research project on small business regulation. Findings were published in two reports: CGA’s Tackling Compliance: Small Business and Regulation in Canada, and ACCA’s SMEs, Regulation and the Role of the Accountant.

For more information, visit CGA’s PD Network at www.cga.org/canada, and www.accaglobal.com.

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