The Institute of Certified Management Accountants (Australia) is an independent Australian body. Its patrons are Bill Dix, formerly the Chairman of Qantas and Ford, and Professor John Miller, formally Director of Consumer Affairs and President of CPA Australia.
The ICMA is accredited by the Commonwealth of Nations under the category of Civic Organisations.
The Institute distributes the world-class “On Target”, published by the ICMA to all its members. The ICMA’s research journal, ‘Management Accounting Frontiers’ is co-edited by Associate Professor V. G. Sridharan of the University of Adelaide and Professor Michael S. C. Tse of the Holmes Institute.
It is not linked to any other professional body like IMA (USA), CIMA (UK), CPA (Canada), etc., although as a post-graduate level professional body, it recognizes the certified/chartered membership of such bodies as entry pathways to its CMA advanced professional qualification.
It is a charter member of the International Management Accounting Collaborative (IMAC) that consists of member CMA organizations in Asia, Australia, Europe and the Middle East.
It has chosen not to seek membership of the International Federation of Accountants (IFAC), as it is merely an advocacy group for the financial accounting profession, and not an accreditation or standards body. As such, the ICMA does not enter into any Mutual Recognition Agreements (MRAs) with any IFAC member bodies for its flagship CMA certification
The qualifications of professional bodies that are IFAC members are only recognised as an entry qualification to enter into the CMA program.