Certified Management Accountants of Canada (CMA Canada) and the Canadian Institute of Chartered Accountants (CICA) today announced their decision to discontinue discussions of a merger of the CMA and CA professional organizations.

In a release, the organizations said the decision follows extensive discussions held over the past year between the leadership of CMA Canada and the CICA, in consultation with their respective governing bodies and members across the country.

Both CMA Canada and the CICA continue to acknowledge the benefits of a merger.

However, they said it was not possible to reach agreement on key issues associated with the proposed merger at this time.

Both organizations said they will continue to work together on professional matters of mutual interest.


http://www.newswire.ca/en/releases/archive/March2005/04/c1343.html