Ask the Accounting Community

I cleared CMA Part 2 in 2023 and Part 1 in June 2024. My IMA membership expired on 31st August 2024 and the grace period ends on 30th November 2024. Could anyone please guide me on the consequences of not renewing my membership during this period?

Roshan,

You need to be a member in good standing which requires your payment of dues, but you also need to maintain your annual CPE requirements which are tracked by the IMA (that only does them for their members). So, if you went through all of the steps necessary to pass the tests, you surely would not omit paying your dues and have all of your hard work for naught….