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State Board Report

October 2013

Though negotiations continue for the development of new mutual recognition agreements, the October 4, 2013 meeting of the NASBA/AICPA International Qualifications Appraisal Board in Nashville was unable to offer any new agreements for the State Boards’ consideration. Instead, IQAB voted to request the NASBA and AICPA Boards of Directors formally reach out to the U.S. Trade Representative for assistance in addressing other countries’ regulators.

“We have a couple of issues that USTR can help us with as they pursue their trade negotiations with other nations,” explained IQAB Chair Telford Lodden (IA). Due to the Federal Government’s shutdown, the USTR was not represented at the October 4 meeting, although a director had intended to be present. “As negotiators are working on trade agreements at this time, we think bringing up these barriers to professional mobility now is appropriate.”

Despite recognition that CPA firms and experienced professionals seek to have global mobility, crafting agreements that facilitate that professional mobility has proved to be difficult. IQAB Chair Lodden will address the NASBA Annual Meeting to describe some of the challenges in this arena.

Professors Belverd Needles and Gert Karreman presented the results of their research, supported by NASBA, to the IQAB meeting. They have developed a benchmarking process based on International Education Standards that should assist regulators in determining similarities among international professional accounting designations. Drs. Karreman and Needles stressed their work is ongoing and benefits from the input they are receiving from IQAB and other interested parties.

In conjunction with the IQAB meeting, Roberto Resa, Gabriel Llamas and Manuel Sanchez y Madrid, representatives from the Instituto Mexicano de Contadores Publicos, met with NASBA Chair Gaylen Hansen, Vice Chair Carlos Johnson, President Ken Bishop and staff on October 3. They agreed that more should be done to let professionals know there is a mutual recognition agreement with the IMCP. It was suggested that this could be accomplished via a link between the Instituto’s Web site and the NASBA and AICPA sites, where Mexican professionals can find instructions for applying for the International Qualifications Examination (IQEX). There has been a mutual recognition agreement with the IMCP since 2002, but few Contadores Publicos Certificados have taken the IQEX. According to statistics presented to the IQAB meeting by NASBA Examination Services Director Patricia Hartman, through the first three quarters of 2013 only four Contadores Publicos Certificados applied to take the examination.

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