Professional Partnerships

Like all associations, IMA is committed to building relationships and developing professional partnerships. The purpose of these relationships is to better assist our members in discovering the characteristics of the management accounting and finance professions.

• IMA is one of the five founding organizations of the Committee on Sponsoring Organizations (COSO) established in the late 1980s by a government commission called the Treadway Commission. See developments made by COSO under COSO News & Updates.
  
  
• The International Federation of Accountants (IFAC) is the global organization for the accountancy profession. The purpose of IFAC is to serve the public interest and contribute to the strengthening of the international economy by developing the global accountancy profession, establishing high quality standards and promoting international convergence of standards. IMA is a full voting member of IFAC. Technical updates issued by IFAC can be found on IMA’s website under the Professional Advocacy section/IFAC.



• The National Academy Foundation (NAF) was created as a partnership between business leaders and educators to address the need to prepare students for professional careers. NAF serves over 50,000 students in over 500 Academies in 41 states and the District of Columbia in urban schools through small learning communities.

Professional Advocacy

See the Professional Advocacy section of IMA’s website for technical updates from such organizations as the Financial Accounting Standards Board (FASB); Securities and Exchange Commission (SEC); International Accounting Standards Board (IASB) and the Public Companies Accounting Oversight Board (PCAOB).

The Financial Reporting Committee (FRC) is comprised of IMA members who prepare financial statements, the auditor community, and academia. FRC provides formal written and informal feedback, on behalf of IMA, to the FASB, SEC, and other standards-setters and rule makers.

Professional Affiliations