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Mission
The IMA is the leading professional organization devoted
exclusively to management accounting and financial
management. As set forth in its mission and vision
statements, its goals are to help its 67,000 members
develop both personally and professionally, by means of
education, certification, and association with other
business professionals.
Transfer to our
chapter!
To transfer over to the Toronto Chapter,
please contact Jenna Uszenski at IMA Global.
Jenna’s contact information is listed below:
Phone - 1-800-638-4427 ext.1523
Email:
juszenski@imanet.org
IMA Members are today's leaders, managers, and decision
makers in management accounting and financial
management. As Members, we are dedicated to continued
professional development, to achieving the highest
levels of professional certification, and to supporting
each other in our commitment to professional excellence.
Learn more about
Management Accounting.
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ACCOUNTING NEWS BITES – DID YOU
KNOW:
- The IRS has issued proposed regulations to require certain business taxpayers to report uncertain tax positions, as determined under generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS), on their U.S. income tax returns.
Read entire article.
- IMA National News
The following news items of interest come from the National IMA site at
http://www.imanet.org. Please visit that site for more news and information. To read the full articles below, just follow the "Read more" link after each article.
New IMA Website Launched
Chairman, Jeffrey Thomson reported that the IMA launched the new website. More functional and clearer navigation. Also new learning center that allows users to more efficiently and effectively manage all of their courseware, whether it be CMA exam prep, on-going learning and/or CPE.
Read more
11th Annual Student Leadership Conference It’s time to think differently and create your own opportunity for career success. In this age of social networking, there is nothing online that has yet to replace the importance of meeting people in person. Join IMA at its 11th Annual Student Leadership Conference and learn how to position yourself for future success.
Read more
IMA Webinars
The IMA webinar program brings you the latest thinking and developments in the field.
Read more
- Sarbanes-Oxley Act (SOX) Section 302 – Corporate
Responsibility for Financial Reports – requires that
principle executives and financial officers review the
financial reports of the company and attest that they
present fairly all material information.
- Sarbanes-Oxley Act (SOX) Section 404 – Management’s
Assessment of Internal Controls – requires Management to
review internal controls and report if they are
adequate.
- All in all, SOX requires external auditors to present
3 audit opinions:
a) to comment on Management’s assessment of internal
controls;
b) to comment on their own assessment of the
effectiveness of internal controls over financial
reporting;
c) to comment whether the financial statements are
fairly stated.
- A recent survey by IMA showed that the top reason for
internal controls failure is incorrect or absent
accounting policy.
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