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The benefits of using a regulated Chartered Management Accountant
If you are seeking accountancy advice, you want to be reassured your accountant has the appropriate education, experience and qualifications to provide high quality independent advice and services – after all, you wouldn’t go to an unqualified or unregulated doctor for medical advice. If you select an unqualified or unregulated accountant to handle your finances or tax work, you may have nowhere to turn if there are problems with the quality of their advice, their conduct or their standards of service.
CIMA is one of the major Chartered Accountancy bodies in the UK.
Chartered Institute of Management Accountants (CIMA)
CIMA is a leading body of management accountants with members working in industry, commerce, not-for-profit and public sector organisations.
Institute of Chartered Accountants in England and Wales (ICAEW)
Premier professional accountancy body in the UK with over 140,000 members in business and public practice around the world.
Association of Chartered Certified Accountants (ACCA)
Major accountancy body with members employed in business and practice around the world.
Chartered Institute of Public Finance and Accountancy (CIPFA)
Leading accountancy body for the public services.
Institute of Chartered Accountants of Scotland (ICAS)
Oldest professional body of accountants in the world.
Chartered Accountants Ireland
Largest and longest established professional accountancy body in Ireland. Previously known as the Institute of Chartered Accountants in Ireland (ICAI)
Chartered Management Accountant
CIMA, the Chartered Institute of Management Accountants, was founded in 1919 and is the world’s leading and largest professional body of Management Accountants, with 195,000 members and students operating in 176 countries, working at the heart of business. Unique blend of management accounting, financial accounting and business-focused subjects produces competent and confident CGMAs who can lead their organisations to sustainable success. CIMA is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence.
Ethical code
CIMA members and students are required to comply with the CIMA code of ethics and to apply the fundamental principles of CIMA’s ethical code to their working lives. CIMA members are at the heart of business as its conscience, bringing judgment, independence and objectivity in addition to their professional qualification.
Monitored and regulated by CIMA:
CIMA’s regulatory framework underpins the professional standing of its members in practice, ensuring they are competent, trusted and working within the public interest.
| Description | Why This is important? |
| Anti-Money Laundering Compliance | Assurance that comply with HMRC and other regulations |
| Continuous Professional Development | Competency, up to date with latest regulation and tax laws |
| Professional Indemnity Insurance | Guarantee in case of urgent situation or dispute |
| Continuity Agreements | Support in place in case of an emergency |
| Letters of engagement | Clarity with terms of engagement and fee details |
| Ethical conduct | Ensure integrity security, and confidentiality for clients |