From what I understand, CMAs can sign off on audits as long as they take additional courses (need to double check this though).
There's definitely a lot more higher up executives that are CAs, but I've met a few CMAs that are in the high end position as well and love their CMA designation. I would go CA if I were you. Like Yen Man said, it's looked at as the best of the three and will open more doors for you.
Yes, it is true that CAs on average make more money than CMAs. CAs also on average work more hours per week than CMAs.
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