Is ICMA (Australia) linked to other accounting bodies or to IFAC?
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 Institute distributes the world-class “CFO Magazine”, published by the Australian Financial Review to all its members. The ICMA’s research journal, the ‘Journal of Applied Accounting Research (JAMAR)’ is co-edited by Prof Garry Marchant of Bond University and Professor Janek Ratnatunga of the University of South Australia. It is not linked to any other professional body like IMA (USA), CIMA (UK), SMA (Canada), etc. ICMA members have overwhelmingly voted not to apply for membership of the International Federation of Accountants (IFAC), after that body closed its management accounting section. IFAC is now primarily a body for the financial accounting profession.
