Tag Archives: MRA

NASBA/AICPA IQAB Signs MRA with CPA Ireland

SHARE: NASBA/American Institute of CPAs (AICPA), U.S. International Qualifications Appraisal Board (IQAB) and CPA Ireland signed a mutual recognition agreement (MRA) on May 31, 2022, that went into effect on June 2, 2022. The MRA will provide an abbreviated qualification pathway for eligible accounting professionals in the U.S. and Ireland to practice in the partner…

BOD Approves Peer Review Rules, MRA and CPE Standards

SHARE: New Model Rules (Article 7) for peer review and the proposed revisions to the Statement on Standards for Continuing Professional Education Programs as well as the NASBA Fields of Study document were approved by the NASBA Board of Directors on October 25. The Model Rules had been exposed for comment from January through the…

IQAB Talks with ICAEW and SAICA

SHARE: The NASBA/AICPA International Qualifications Appraisal Board (IQAB) is continuing to work on the development of mutual recognition agreements (MRA) with the Institute of Chartered Accountants of England and Wales, and the South African Institute of Chartered Accountants – but have not yet reached final agreements. Negotiations are continuing as differences between the systems for…

MRA Format Demands Details

SHARE: The mutual recognition agreement with CPA Australia recently approved by the NASBA and AICPA Boards of Directors (see sbr 5/18) includes details of courses, examinations and experience to be earned for eligibility for the US CPA, but it also includes a requirement that the holder of the CPA Australia credential be a citizen or…

MRA with CPA Australia Approved

SHARE: A mutual recognition agreement with CPA Australia was approved by the NASBA Board of Directors and the AICPA Board of Directors during the last week in April. The agreement had previously been approved by CPA Australia and will be circulated to the State Boards for their consideration, and hopefully adoption, as soon as all…

MRA with ICAS Signed

SHARE: Since 1995, the NASBA/AICPA International Qualifications Appraisal Board has been talking about the desirability of forging a mutual recognition agreement (MRA) with the professional body in Scotland. Happily, a mutual recognition agreement (MRA) with the Institute of Chartered Accountants of Scotland was signed on February 27 by ICAS Chief Executive Officer Anton Colella, AICPA…

New Format for MRA Renewals

SHARE: State Board Report December State Boards are encouraged to review the new format of the mutual recognition agreement renewals with the Chartered Accountants of Ireland, CPA Canada and Instituto Mexicano de Contadores Públicos, which are posted on www.nasba.org. The NASBA/AICPA International Qualifications Appraisal Board has retooled the agreements to more clearly specify what are…

MRA with Irish Institute Renewed

SHARE: State Board Report September The first mutual recognition agreement (MRA) renewal using a new, more transparent format was signed by representatives of Chartered Accountants Ireland, NASBA and the AICPA on August 10, 2017. This agreement features an overall statement and then appendices that go into detail about what qualifications an applicant must have to…

Speeding Up MRA Renewals Approved

SHARE: State Board Report August The NASBA/AICPA International Qualifications Appraisal Board’s (IQAB) careful consideration of mutual recognition agreements (MRA) and renewals spans many months, but a step to hasten the process was approved at the July 21 Board of Directors meeting in Montana. In response to a recommendation from IQAB presented by its chair, Sharon…