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PSU And The Association Of International Certified Professional Accountants Sign New Partnership

Riyadh, Saudi Arabia, 12th March 2021 – The Association of International Certified Professional Accountants (AICPA & CIMA), the unified voice of The American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) has announced its first-ever partnership with Prince Sultan University (PSU) in Saudi Arabia.

The partnership started in January 2021 and will last for three years. Future collaborations between the two organisations will include formulating and researching new opportunities for cooperation such as course materials, project plans, and exam questions. The Association will also provide train-the-trainer facilities and materials to faculties. Accounting Students at PSU will be able to gain the following certifications from the Association and receive joint Association-PSU certificates for each completed course:

“We are pleased to collaborate with the Prince Sultan University and its Department of Accounting. Our partnership will help further strengthen their students’ skills in key areas including business and finance, people and leadership, and digital transformation, which are essential to build successful careers. We know that the accounting and finance profession has significantly changed over the past decade, but through our collaboration students will be able to acquire the knowledge and competencies they need to confidently enter the workforce,” said Venkkat Ramanan, FCMA, CGMA, Asia Pacific Regional Vice President of the Association.

“We are proud to partner with the Association of International Certified Professional Accountants, the world's largest professional accounting body, with over 650,000 members in 179 countries. In alignment with Saudi Vision 2030, the partnership will support the ongoing development of education curricula and vocational training programmes and promote higher standards within Saudi Arabia’s accountancy profession. We are the first accounting programme in the Middle East to offer very market driven curricula and offer six certifications in addition to a degree like IPSAS, IFRS, IA, Analytics, Taxation,” said Professor Mohammad Nurunnabi, PhD, FAIA (Acad), SFHEA, FRSA, CMBE, CMA, CPA – Chair of Accounting Department of Prince Sultan University.

The Association being the most influential body of professional accountants, represents 650,000 members and students across 179 countries and territories in public and management accounting whereas PSU is a private university founded in 1998 and promoted by the Ministry of Higher Education PSC to Prince Sultan University in 2003 inaugurated by HRH Crown Prince Sultan bin Abdul Aziz Al-Saud, the Deputy Premier, Minister of Defense and Inspector General as a non-profit institution established in Riyadh by the Al-Riyadh Philanthropic Society for Science and licensed by the Ministry of Higher Education.

ENDS

Media Contact
Diyana Kamar
Public Relations Manager – Asia Pacific
Email: Diyana.Kamar@aicpa-cima.com
Tel: +6012 220 4627

About the Association of International Certified Professional Accountants

The Association of International Certified Professional Accountants (the Association) is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) to power trust, opportunity and prosperity for people, businesses and economies worldwide. It represents 650,000 members and students across 179 countries and territories in public and management accounting, and advocates for the public interest and business sustainability on current and emerging issues. With broad reach, rigor and resources, the Association advances the reputation, employability and quality of CPAs, CGMAs and accounting and finance professionals globally.

About the American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 429,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, and federal, state and local governments. It develops and grades the Uniform CPA Examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the profession.

About The Chartered Institute of Management Accountants

The Chartered Institute of Management Accountants (CIMA), founded in 1919, is the world’s leading and largest professional body of management accountants. As part of the Association of International Certified Professional Accountants (the Association) its members and students operate in 179 countries, working at the heart of business. CIMA members and students work in industry, commerce, the public sector and not-for-profit organizations. CIMA works closely with employers and sponsors leading-edge research, constantly updating its qualification, professional experience requirements and continuing professional development to ensure it remains the employers’ choice when recruiting financially-trained business leaders.

About Prince Sultan University (PSU)

Prince Sultan University (PSU) is a non-profit institution, founded in 1998 by the Al-Riyadh Philanthropic Society for Science under the auspices of HRH King Salman Bin Abdul Aziz Al-Saud and licensed by the Ministry of Education. PSU is the first private university in Saudi Arabia. PSU performed among the top 23% in the QS Arab Region University Rankings 2018 (among approximately 1,000 universities regionally). This puts Prince Sultan University in the top 3.3% of universities in the Arab Region.

The Department of Accounting at Prince Sultan University is the first in the Middle East to have earned accreditation from six world-leading international professional bodies: ACCA, AIA, ICAEW, CIMA, CIPFA and IMA. With 100 per cent employment within six months of graduations, 60 percent of the graduates are employed in the Big Four Accounting Firms.

www.psu.edu.sa
www.psu.edu.sa/CBA/Acc-dept