Final answer:
The statement is false; the CMA is intended for management accounting and corporate finance professionals, not those practicing public accounting.
Step-by-step explanation:
The statement that the CMA certificate is primarily intended for those practicing public accounting is false. The CMA (Certified Management Accountant) certification is designed specifically for professionals in the field of management accounting and corporate finance. Unlike the CPA (Certified Public Accountant) which is more aligned with public accounting practices, the CMA focuses on topics such as financial planning, analysis, control, decision support, and professional ethics. These skills are particularly valuable in corporate settings where CMAs can contribute to strategic decision-making and internal financial management.