All HKICPA members, including Qualification Programme (QP) and non-QP qualified members should have (a) passed or been exempted from Paper P3 (Risk Management) of the Chartered Global Management Accountant (CGMA) Professional Qualification; (b) passed the Strategic Case Study Exam; and (c) satisfied CIMA that he has at least 3 years of practical experience as a management accountant recorded as a Career Profile with Record of Skills Development.
HKICPA members may be exempted from passing all papers of the CGMA Professional Qualification save and except Paper P3 (Risk Management) and Strategic Case Study Exam of the CGMA Professional Qualification in accordance with the terms and conditions:
(a) Save and except those members identified in (b) below, HKICPA members who apply for membership of CIMA (and not for any other purpose) shall be exempted from sitting and passing Paper P3 (Risk Management).
(b) A person who becomes a member of the Institute by virtue of his being a member of another accountancy body or without completing HK QP shall be subject to a competency assessment by the CIMA on a case-by-case basis for the eligibility of the exemption of Paper P3.
Notwithstanding a HKICPA member is exempted from sitting and passing Paper P3 under clause (a) or (b), the member is required to attend the Strategic Case Study Exam preparatory workshop provided by CIMA before taking the Strategic Case Study Exam.
