In a recent op-ed ("The skills for success," May, page 14), the Chartered Global Management Accountant - the newly created designation from the American Institute of CPAs and the Chartered Institute of Management Accountants - was marketed as the path to "skills for success" by Ash Noah, vice president of CGMA external relations with the AICPA. The IMA agrees with Mr. Noah in one regard - the AICPA has discovered in the last few years what the IMA has known for nearly a century: While public accounting focuses on value preservation and retrospective reporting, its relevance is best complemented by management accounting with its focus on value creation and unique prospective competencies required for success. However, we disagree with the assertion, implied or otherwise, that the CGMA is the path to success.
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