The ICMA and the Indonesian Institute of Management Accountants (IAMI) signed a Memorandum of Understanding (MOU) on October 26 in Bali, Indonesia. The purpose of the MOU is to strengthen cooperation between the two parties in professional development and the professional community in Indonesia. ICMA and IAMI will cooperate, participate in, and organise conferences, seminars and joint activities mutually beneficial to both parties with focus on contemporary areas to the profession in Indonesia, including ICMA providing speakers for conferences and annual CPD events of IAMI.
The MOU included a Mutual Recognition Agreement (MRA) in which:
For IAMI members:
- IAMI’s CPMA members with 15 or more than 15 years working experience will be admitted as full certified members (CMAs) of ICMA.
- IAMI’s CPMA members with minimum 10 years experience and holding minimum of a masters degree in accounting or business (Maksi or Magister Manajemen) and/or holding a doctoral degree in accounting and have taken the CPMA examinations. will be admitted as full certified members (CMAs) of ICMA.
- IAMI’s CPMA members with 10-15 years working experience will be admitted as full certified members (CMAs) of ICMA after completing a 4 full day seminar (or equivalent) held by ICMA via one of its partner universities in Indonesia.
- IAMI’s CPMA members with 5-10 years working experience will be admitted as full certified members (CMAs) of ICMA after completing a 4 full day seminar (or equivalent) held by ICMA via one of its partner universities in Indonesia, and passing an assignment set by ICMA.
- IAMI’s CPMA members with 3 – 5 years working experience will be admitted as associate and have to complete 4 full – day seminar (or equivalent) held by ICMA via one of its partner universities in Indonesia, and passing a 3-hour examination set by ICMA based on the material covered before they can become ICMA full members.
- IAMI members who choose this route to get CMA certification must maintain their membership of IAMI.
For ICMA members:
- ICMA’s CMA members with 15 or more than 15 years working experience will be admitted as full certified members (CPMAs) of IAMI.
- ICMA’s CMA members with minimum 10 years experience and holding minimum of a masters degree in accounting or business (MPA or MBusAcc) and/or holding a doctoral degree in accounting and have taken the CMA examinations will be admitted as full certified members (CPMAs) of IAMI.
- ICMA’s CMA members with 10-15 years working experience will be admitted as full certified members (CPMAs) of IAMI after completing a 4 full day seminar (or equivalent) held by IAMI.
- ICMA’s CMA members with 5-10 years working experience will be admitted as full certified members (CPMAs) of IAMI after completing a 4 full day seminar (or equivalent) held by IAMI, passing an assessment set by IAMI.
- ICMA members who choose this route to get CPMA certification must maintain their membership of ICMA.
The two parties agreed to the contents of the Memorandum of Understanding and on the implementation and the commitment towards cooperation and sustainable development goals for professional career development.
