ACCA and IMA remain strongly committed to their wide strategic partnership, the Financial Leadership and Performance initiative, which aims to support the career development goals of Chief Financial Officers (CFOs) and other aspiring professionals, through a variety of resources including research, thought leadership, and a joint website. What is the difference between a USA CPA and CMA designation? CMAs work in or for companies focusing on driving business performance. A CMA analyzes the company’s financial history to achieve a better understanding of the current business and build strategic plans and compliance structure to lead a business towards its future goals. CPAs generally work in either Public Accounting or inside companies. Typically, CPAs focus on compliance, usually in the areas of attestations (audit, reviews, compilations, or corporate reporting/filings) and taxes (planning/consulting and filing returns). What are foreign credential evaluation services and why do I need to engage with one? Foreign credential evaluation services provide international education intelligence by evaluating and translating international credentials and issuing a report of equivalency in terms of the educational system in the United States. Evaluations are
accepted by thousands of academic institutions, employers, licensing and certification boards, and government agencies. An individual seeking the CPA designation that has foreign education credentials, including the ACCA qualification, must have that education evaluated by a foreign credential evaluation service in order to determine how many credits will count towards sitting the Uniformed CPA Examination. What foreign credential evaluation services are accepted by State Boards of Accountancy? There is no one evaluation service that is accepted by all state boards. Some evaluation services are recognized by more states than others. When choosing a service it is best to ask if they are accepted in the state that you will be applying to. There are 26 foreign credential services. The top five evaluators are: Educational Credential Evaluators (ECE), Foreign Academic Credential Services (FACS), International Education Research Foundation (IERF), Josef Silny & Associates, and World Education Services (WES). As of April 2017, the NASBA International Evaluation Services (NIES) is the only provider for international education evaluations accepted in the following states and territories: Alaska CNMI Georgia Hawaii Idaho Illinois Kansas Maryland Mississippi Montana New Hampshire New York New Jersey Oregon Puerto Rico South Carolina Washington Washington, DC West Virginia
Where can I find more information about the state by state CPA requirements? For more information on state requirements, please contact the State Board of Accountancy for which you would like more information. A list of state boards along with appropriate contact information is below.
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- The American, Certified Public Accountant, State Board of Accountancy