Is the U.S. Uniform CPA Examination the equivalent to the CIMA papers in testing the breadth and depth of a candidate's knowledge?
The CIMA and AICPA routes are very similar when you compare the education, experience and examination requirements. The following diagram explains the route to the CGMA designation in more detail.
What does it take to be a U.S. CPA?
To be a U.S. CPA, you must meet the education, examination (the U.S. Uniform CPA Examination), experience and continuing education and ethics requirements required by a U.S. state Board of Accountancy.
Education: Generally the state education requirement is 150 semester hours/course credits -- generally a bachelor’s degree plus an additional 30 hours of master level courses.
Examination: The Uniform CPA Examination is a computer based assessment compromised of four parts with multiple choice and tasked-basted simulations. They must complete--and pass--all four parts of the exam within 18-months.
Experience: The experience requirement is generally working one year under the supervision of a CPA in any type of work including management accounting.
Continuing education and ethics: CPAs make a commitment to lifelong learning through annual CPE requirements as well as a commitment to a code of ethics in order to maintain their CPA licence. Find out more about how to become a CPA.
Are CIMA members eligible to take the U.S. Uniform CPA Examination?
CIMA members are welcome to pursue the U.S. CPA if they wish. Those who wish to pursue the U.S. CPA will need to meet the education, examination (the U.S. Uniform CPA Examination), experience and continuing education and ethics requirements required by a U.S. state Board of Accountancy. Please review the National Association of State Boards of Accountancy web site (nasba.org) for information about the U.S. Uniform CPA Examination and CPA licensure.
For more information on any aspect of the CGMA designation, please contact us.