TORONTO, Jan. 25, 2012 /CNW/ - The Certified Management Accountants of
Ontario (CMA Ontario) today announced its approval as an Authorized
Designated Body by the Public Accountants Council for the Province of
Ontario (PAC or Council). Effective immediately, CMA Ontario has the
authority to license and govern Certified Management Accountants (CMAs)
to practise public accounting.
"Licensed CMAs will now be authorized to perform all public accounting
services including issuing audit reports," says Merv Hillier, MBA,
FCMA, C.DIR, CMC, President and Chief Executive Officer of CMA
Ontario. "We have long held the view Ontarians should have a
competitive choice when seeking the services of an independent auditor.
Ontarians now have that choice," says Hillier.
Today's announcement signals the beginning of a new dimension in public
accounting, as CMAs bring their unique combination of strategy,
management and accounting expertise to the practice.
"For CMA candidates and students wishing to become a licensed public
accountant they must first qualify as management accountants, thereby
benefiting from our proven and highly regarded Strategic Leadership
Program, offering intensive practical training in all facets of
contemporary business," says Hillier. "Those successful candidates who
choose to pursue a public accounting licence will then be able to offer
clients an outstanding combination of essential and interdependent
business disciplines. The powerful fusion of holistic management skills
and our proprietary public accounting program, promises to introduce a
new perspective and set of unparalleled skills to the practice of
The CMA Ontario public accounting path calls for candidates to qualify
for and pass a Technical Proficiency Exam, complete an Integrated
Public Accounting Study Program, and successfully challenge the CMA
Public Accounting Licensure Examination.
The CMA public accounting program will create a strong, reputable and
viable public accounting option for CMAs in Ontario, while protecting
the public interest and contributing to a stronger Ontario economy.
About the Certified Management Accountants of Ontario (CMA Ontario):
The Certified Management Accountants of Ontario is a self-governing
professional organization that awards the Certified Management
Accountant (CMA) designation to qualified candidates in Ontario. With
some 24,000 members, CMA Ontario is an integral part of a profession
that is 50,000 members strong across Canada and around the world. CMA
Ontario maintains rigorous standards of accreditation and
professionalism in management and public accounting to protect the
SOURCE Certified Management Accountants of Ontario
For further information:
Senior Manager, Communications