State Board Report

August 2012

Recognizing the Canadian accounting profession's ongoing efforts to unify and develop a combined certification program, the NASBA Board of Directors voted on July 27 to extend the mutual recognition agreement with the Canadian Institute of Chartered Accountants until December 31, 2015. The AICPA also approved the extension on August 2. Since this is a tri-party agreement with CICA, NASBA/ AICPA IQAB and the Instituto Mexicano de Contadores Públicos, approval by the Mexican Institute is also required. IMCP representatives have indicated such approval is given.

A summit meeting of CICA, NASBA and the AICPA leadership is scheduled for August 14 in New York City. CICA President Kevin Dancey will address the NASBA Annual Meeting and International Forum on October 31, 2012 in Orlando, FL, at which time he is expected to give an update on the progress of the CICA's efforts to achieve unification of the Canadian programs.

Related News

Full Issue