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State Board Report

October 2015

The Institute of Certified Public Accountants in Ireland (CPA Ireland) and the Institute of Chartered Accountants of Bangladesh entered into a mutual recognition agreement in late July. CPA Ireland also has MRAs with CPA Australia, the Association of National Accountants of Nigeria, the Certified General Accountants of Canada, and the Institute of Chartered Accountants in India, which claims to be "the world’s second largest accounting body." In addition, CPA Ireland has memoranda of understanding with the South African Institute of Public Accountants, CPA Sri Lanka, CPA Bulgaria, CPA Russia and CPA Belarus.

Under the various MRAs, CPA Ireland will deliver its on-line CPA certificate in International Public Sector Accounting Standards (IPSAS) Financial Reporting to public sector accountants. To become a CPA under the CPA Ireland program, the candidate must pass 15 examinations at a formation and a professional level at a grade of 50 or higher, as well as complete a fully integrated practical experience requirement. Holders of recognized qualifications, including academic degrees and certificates, may be entitled to exemptions from the CPA examinations. Exemptions are granted on a subject-for-subject basis. Study options include part-time, weekend, distance and e-learning.

CPA Ireland reports it has members working in 40 countries. In October, CPA Ireland and the Institute of Chartered Accountants India launched the "Pathway for Ireland-India." Eamon Siggins, Chief Executive of CPA Ireland, said, "There currently exists a skills gap at audit senior level due to the recent economic recession in Ireland." He believes this new partnership will be "an innovative way of addressing the current specific skills gap in Ireland."

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