We have established Mutual Recognition Agreements (MRAs) with the following countries that enable you to qualify for the IQEX:

> CPA Australia
> Institute of Chartered Accountants in Australia (ICAA)
> CPA Canada (CPAC)
> Hong Kong Institute of Certified Public Accountants (HKICPA)
> Chartered Accountants Ireland (CAI)
> Instituto Mexicano de Contadores Publicos (IMCP)
> New Zealand Institute of Chartered Accountants (NZICA)
> Institute of Chartered Accountants of Scotland (ICAS)

CPA Australia

Residency

You must be a citizen of, or hold a visa granting legal residency in, Australia or New Zealand.

Member in Good Standing

You must be a member in good standing with the CPA Australia. Your application will not be complete without this Letter of Good Standing.

Education

You must meet the following education requirements:

  • Hold at least a baccalaureate or higher degree; AND
  • Have completed CPA Australia’s CPA Program including the elective subjects Advanced Taxation and Advanced Audit and Assurance
  • Examination

    You must meet the following examination requirement:

  • Have passed the Global Strategy and Leadership capstone examination.
  • Experience

    You must meet the following experience requirement:

  • Have completed a minimum of three years of relevant work experience prior to obtaining the Australian CPA credential and being admitted to membership in CPA Australia AND
  • Have completed an additional two years and eight months of relevant work experience after obtaining the Australian CPA credential and being admitted to membership.
  • Continuing Education

    You must be in compliance with the continuing professional development (CPD) requirements of CPA Australia.

    Exclusions

    Australian CPAs who obtained their Australian credential by qualifying under a reciprocal agreement that CPA Australia 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 Australia may have or have had at any time.

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    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.

    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.

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    Hong Kong Institute of Certified Public Accountants (HKICPA)

    Qualification

    If you are a U.S. CPA interested in becoming licensed as a CPA in Hong Kong, you must contact the Board office where you are licensed to have them submit a Letter of Good Standing to the Hong Kong Institute of Certified Public Accountants. Contact your Board for further information. Depending on the Board, there may also be a fee associated with filing the letter.

    If you are a CPA from Hong Kong and wish to practice in the U.S., please read the following for more information:

    > Application Requirements for Hong Kong CPAs Applying for U.S. CPA Designation

    If you are a U.S. CPA and wish to practice in Hong Kong, please read the following for more information:

    > Application Requirements for U.S. CPAs Applying for Hong Kong CPA Designation

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    Chartered Accountants Ireland (CAI)

    Qualification

    1.You must be a member in good standing with Chartered Accountants Ireland.
    2.You must have completed one of the following entry routes to the ACA/FCA credential:

    a. A relevant ordinary baccalaureate degree plus the completion of CA Proficiency 1 (CAP1) and CA Proficiency 2 (CAP2); or

    b. A non-relevant ordinary baccalaureate degree plus the completion of CAP1 & CAP2; or

    c. A relevant honours baccalaureate degree plus completion of CAP2; or

    d. A non-relevant honours baccalaureate degree plus a one year full time post graduate award plus the completion of CAP2; or

    e. A relevant honours baccalaureate degree plus a relevant master’s degree.

    3. You must have passed Chartered Accountants Ireland’s Final Admitting Examination.
    4. You must have completed a minimum of three years of relevant work experience prior to obtaining the ACA/FCA credential and being admitted to membership in the Chartered Accountants Ireland.
    5. You must have completed an additional two years of relevant work experience after obtaining the ACA/FCA credential and being admitted to membership.
    6. You must be in compliance with the CPE requirements of Chartered Accountants Ireland.

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    Instituto Mexicano de Contadores Publicos (IMCP)

    Qualification

    You must have qualified as a Contador Público Certificado (CPC) with the Mexican Direccíon General de Profesiones de la Secretaría de Educación Publica, and must currently be a member in good standing with the Instituto Mexicano de Contadores Públicos (IMCP). If you qualified as a Contador Público Certificado on the basis of recognition of credentials earned in other countries, you are not eligible to apply. You must have passed the Examen Uniforme de Certificacion de la Contaduria Pública in Mexico (EUC), and must have met all experience requirements by the application deadline in order to qualify. If you have not passed the EUC, you are required to have been a member in good standing with IMCP as of September 27, 2002.

    Your Letter of Good Standing must include your current IMCP membership status, the date you completed the EUC and the date you became a member of IMCP.

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    New Zealand Institute of Chartered Accountants (NZICA)

    Qualification

    In order to qualify for the IQEX, you must have completed four years of approved degree level study at an approved tertiary, including a bachelor’s degree and coverage of required topics. In addition, you must have completed New Zealand’s Professional Competence Program and must currently be a member in good standing with the New Zealand Institute of Chartered Accountants (NZICA). If you became a member of the NZICA on the basis of recognition of credentials earned in other countries, you are not eligible to apply. You must have met all experience requirements by the application deadline in order to qualify.

    The experience requirement for becoming a full member in good standing with NZICA must be completed before you are eligible for the IQEX.

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    Institute of Chartered Accountants of Scotland (ICAS)

    You must meet the eligibility requirements as set out in Appendix 1A of the 2018 Mutual Recognition Agreement:

    Member in Good Standing

    You must be a member in good standing with the Institute of Chartered Accountants of Scotland. Your application will not be complete without this Letter of Good Standing.

    Education

    You must meet one of the following education requirements:

    1. completed ICAS’ Graduate Entry Route and, in addition, hold at least a baccalaureate or higher degree and completed the ICAS CA Qualification Program including the Test of Professional Expertise (TPE) and the Advanced Finance, Financial Reporting, Assurance & Business Systems, and Taxation modules at Test of Professional Skills (TPS) or
    2. completed the forerunner modules prior to 1995

    Examination

    You must have meet one of the following:

    1. passed ICAS’ Test of Professional Skills (TPS) and Test of Professional Expertise (TPE) or
    2. passed an equivalent examination in a graduate program at a post-secondary institution recognized by ICAS and Test of Professional Expertise (TPE) or
    3. completed the forerunner modules prior to 1995

    Experience

    You must meet the following experience requirement:
    1. completed a minimum of 3 years of relevant work experience prior to obtaining the CA credential and
    2. completed an additional 2 years of relevant work experience after obtaining the CA credential.

    Continuing Education

    You must be in compliance with the CPE requirements of ICAS.

    Exclusions

    UK CAs who obtained their UK credential by qualifying under a reciprocal agreement that ICAS may have with another professional accountancy organization are not eligible under this agreement. This includes all mutual recognition agreements, reciprocal membership agreements, and similar agreements which ICAS may have or may have had at any time.

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    USEFUL LINKS

    Candidates & Professionals
    Mutual Recognition Agreements
    International Qualification Examination (IQEX)

    RESOURCES

    My Account
    Online Scores
    Reprint NTS
    IQEX Frequently Asked Questions
    Score Forwards
    IQEX Candidate Bulletin

    FORMS

    Letter of Good Standing CPA Australia
    Letter of Good Standing CPA Canada
    Letter of Good Standing ICAS
    IQEX Testing Accommodations

    CONTACT US

    Toll Free: 1.888.MY.NASBA
    Call Center Hours:
    Monday-Thursday 8 a.m. - 2 a.m. Eastern
    Friday 8 a.m. - 5 p.m. Eastern

    Phone: 615.880.4250
    Fax: 615.880.4290, Attn: IQEX Coordinator
    Email: iqex@nasba.org

    Mail: IQEX Coordinator
    NASBA
    PO Box 198469
    Nashville, Tennessee 37219-8469