October 18, 2021

CGMA Holders in Canada Accused of Pretending To Be “Real” Accountants By Using CGMA

YOU GUYS. This actually happened. Note it happened earlier in the month and we missed it because we generally don't do a Google News search for CGMA and rely instead on the AICPA's constant horn-tooting. The important thing is we have it now, read:

CGA sought an application for an injunction pursuant to subsection 30(1) of the Certified General Accountants Act, 2010, S.O. 2010, c. 6, Schedule A (“CGA Act ”). The Respondents were alleged to be using the acronym CGMA, which stands for Chartered Global Management Accountant, as an accounting designation in the province of Ontario. The application was dismissed as the Applicant did not show on a balance of probabilities that the Respondents were contravening the CGA Act.

Section 26 of the CGA Act provides that no individual or corporation shall use the designation CGA or C.G.A. alone or in combination with other words or abbreviations. CGA Ontario argued that CGA alone  or in combination with other words or abbreviations, such as CGMA, would fall within the scope of the prohibition. The Court disagreed, finding that it was the specific permutation of letters and punctuation that was protected, as opposed to each individual letter. The M element breaks up the CGA element by being inserted into the middle, and while the Court considered that “MCGA” or “CGAM” would be prohibited, CGMA is not.

I like how it says "the Respondents were alleged to be using the acronym CGMA" like you'd say "the Respondents were alleged to have drowned a bag full of puppies" as if it's a crime or something.

Thankfully for the CGMA, they didn't go with the highly awkward Management Chartered Global Accountant or Chartered Global Accountant Manager, then we'd have a problem.

 

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