Memorandum of Understanding between The Federation of Accounting Professions (TFAC) and the Institute of Certified Management Accountants (Australia & New Zealand)

1.      Purpose of the MOU

The purpose of the MOU is to strengthen cooperation between the two sides in professional development and professional community in Thailand.

2.      Commencement, Duration and Termination

• This MoU shall come into effect from the date it is signed by the respective parties.
• The MoU’s duration shall be 5 years from the date of signing.
• This MoU may be terminated by either party giving 90-day written notice to the other party of its intention to terminate it.

3.      Amendment and Extension

This MoU may be amended and extended under the written mutual agreement of both organizations.

4.      Contents of the MOU

• The two sides will cooperate in sharing information and professional experience in Thailand (the country); paying special attention to cooperation in the field of membership management, professional development and professional ethics, updating their knowledge, quality control, training and career development.
• The two sides will organize, cooperate and participate in conferences, seminars and joint activities to bring benefits to both sides, focusing on the emerging fields of interest in the accounting profession in Thailand, including the support that the CMA ANZ will provide in terms of speakers for conferences and training updates for TFAC’s members.
• The two sides will promote the mutual cooperation in their respective activities, events and publications;
• TFAC Professional members will be admitted as Associate members (AMAs) of CMA ANZ members on the basis of being a member of TFAC. Associate members may become certified members (Full CMA Members) of CMA ANZ after completing the 2-subject CMA program.
• The two sides will engage in other activities of the mutual cooperation;
• The two sides agree that the MOU is not exclusive; and that each party can cooperate with other partners in the region and internationally, in accordance with the capacity of each party.

The two sides agree 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.

Enquiries:

TFAC:

Dr.Chularat Jitpaisanwattana (Dr.June)

Email: [email protected]

CMA(ANZ)

Dr. Chris D’Souza

Email: [email protected]