CPA Canada (CPAC)

A holder of a Canadian Chartered Professional Accountant (CPA) credential may be eligible to sit for the International Qualification Examination (IQEX) if he or she meets the eligibility criteria set forth in the November 1, 2017 Mutual Recognition Agreement (MRA).

Member in Good Standing

You must be a member in good standing with Chartered Professional Accountants of Canada and a Provincial or Territorial CPA Body. Your application will not be complete without this Letter of Good Standing.

Education

You must meet one of the following education requirements:

Legacy Credential Holders

• Hold a baccalaureate or higher degree; AND
• Have completed the relevant legacy body’s education program

Post-Unification CPA Credential Holders

• Hold a baccalaureate or higher degree; AND
  (one of the following)
• Have completed CPA Canada’s Professional Education Program (PEP); OR
• Have completed a graduate program at a post-secondary institute accredited by a Provincial CPA Body.

Examination

You must meet one of the following examination requirements:

Legacy Credential Holders

• Have passed the full capstone final examination for your legacy credential

Post-Unification CPA Credential Holders

• Have passed the CPAC’s common final examination (CFE)

Audit Rights

You must meet one of the following requirements:

Legacy Credential Holders

• Have been granted the right to perform audits; OR
• Have met the education requirement for the right to perform audits through your legacy body’s education program and have successfully passed the licensing examination of your legacy body; OR
• Have successfully completed CPA Canada’s Post Designation Public Accounting module and have passed CPA Canada’s Post Designation Public Accounting examination.

Post-Unification CPA Credential Holders

• Have been granted the right to perform audits; OR
• Have met the current examination requirement for licensure by having either:
• Have completed the elective modules, PEP Tax and PEP Assurance, which are mandatory for CPA candidates pursuing careers in public accounting and passed the final exam for the PEP Tax and PEP Assurance modules; OR
• Have completed the equivalent of PEP Tax and PEP Assurance in a graduate program at a post-secondary institution accredited by a Provincial CPA Body and passed the final exam; OR
• Have completed CPA Canada’s Post Designation Public Accounting module and passed the final exam for the module.

Experience

You must meet the following experience requirement:

• Have completed at least one year of experience as detailed in the MRA

Continuing Education

You must be in compliance with the continuing professional development (CPD) requirements of your Provincial or Territorial CPA Body.

Materials to Be Submitted

The following documents must be submitted to support your application:

• Letter of Good Standing from CPA Canada

Exclusions

Canadian CPAs who obtained their Canadian credential by qualifying under a reciprocal agreement that CPA Canada, or one of the three Canadian legacy bodies, may have with another professional accountancy organization are not eligible under this agreement. This includes all mutual recognition agreements, reciprocal membership agreements, and other similar agreements which CPA Canada, or one of the three Canadian legacy bodies, may have, at any time, had.