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).

Kingston, Jamaica; February 19, 2019: 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).

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.