State Board Report
The Institute of Chartered Accountants Australia (ICAA) and the New Zealand Institute of Chartered Accountants (NZICA) have started to merge their requirements to become Chartered Accountants. As of November 2012 there are joint practical experience requirements. Australia has adopted the New Zealand Institute’s streamlined approach to recording practical experience, and New Zealand is now requiring three years of practical experience to apply for Institute membership, as Australia requires. According to the Institutes, the joint program recognizes that “the two countries’ economies and employment markets are increasingly close.”
The NASBA/AICPA International Qualifications Appraisal Board (IQAB) has forged mutual recognition agreements with both the ICAA and the NZICA and will be monitoring the development of the new joint program, IQAB Chair Ted Lodden reported.
- MEMBER CENTER