CPA Canada and ICAJ sign MOU

A new formal memorandum of understanding (MOU) is now in place between Chartered Professional Accountants of Canada (CPA Canada) and the Institute of Chartered Accountants of Jamaica (ICAJ).

Raymond Campbell, ICAJ President and Nancy Foran, CPA Canada VP (International)  sign an MOU on behalf of their organisations. Bruce Scott, ICAJ Council Member and Student Affairs Committee Chair, witnessed the signing.

 

The MOU speaks to joint professional development and the increased promotion and support of the CPA Canada designation in Jamaica. Graduates who become members of CPA Canada will automatically become members of ICAJ, subject to meeting established requirements.  


With the implementation of this MOU, the interests of CPA Canada members along with current and prospective students seeking the Canadian designation are enhanced. Further the MOU allows ICAJ to deliver on its mandate to provide locally accessible, high quality routes of qualification to enter the accounting profession in Jamaica.  


“This MOU is an important milestone for CPA Canada in the Caribbean,” says Nancy Foran, CPA Canada’s vice-president (International). “It speaks to the value of collaboration and co-operation, and is aligned with CPA Canada’s efforts to support the growth and development of the profession globally.” 


CPA Canada, with more than 210,000 members in Canada and abroad, has long enjoyed a mutually beneficial relationship with the ICAJ either directly or through one of its legacy bodies, (the Canadian Institute of Chartered Accountants). This agreement further solidifies those historic relationships. 


Today, Canadian CPAs working in Jamaica serve in senior positions across various sectors. This MOU recognizes that there is also a growing number of Jamaican accounting students who are looking to earn the Canadian CPA designation after securing their first degree. 


President of ICAJ, Raymond Campbell noted that “This is a wonderful accomplishment for us all. CPA Canada offers an internationally recognized and respected designation. The accounting profession of Jamaica stands to benefit from our newest alliance, primarily through win-win collaborations along with improved student and member support.” He applauded ICAJ Council Member and ICAJ Chair of Student Affairs Bruce Scott and CPA Canada’s Caribbean representative, Renatta Mohammed, for their assistance in bringing the MOU to fruition. 


About ICAJ 
The Institute of Chartered Accountants of Jamaica (ICAJ) is the oldest national accounting institute and organisation in the English speaking Caribbean and has over 1,300 members. In Jamaica ICAJ is recognised as the voice that actively represents the views and interest of members to industry, regulators, government, academia and the general public. Further, ICAJ works closely with the Public Accountancy Board the legislative body charged with regulating those members in public practice. Regionally ICAJ works cooperatively with our sister bodies in the region as a member of the Institute of Chartered Accountants of the Caribbean. Globally as a member body of IFAC, ICAJ also contributes to policy making at the international level.
To learn more about ICAJ: Visit: www.icaj.org 


About CPA Canada
Chartered Professional Accountants of Canada (CPA Canada) is one of the largest national accounting organizations in the world, representing more than 210,000 members. Globally, it works together with the International Federation of Accountants and the Global Accounting Alliance to build a stronger accounting profession worldwide. CPA Canada is a respected voice that champions sustainable economic growth and social development. The organization advocates for the public interest and supports the setting of accounting, auditing and assurance standards. CPA Canada develops leading edge thought-leadership, research, guidance and educational programs to ensure its members are equipped to drive success and shape the future. cpacanada.ca
To learn more about CPA Canada: Visit www.international.cpacanada.ca or email internationalinquiries@cpacanada.ca


For further information: 

Rosemarie Heaven
Executive Director, ICAJ
executivedirector@icaj.org 


Renatta Mohammed
Consultant (Caribbean Region), CPA Canada
rmohammed@cpacanada.ca