We have established Mutual Recognition Agreements (MRAs) with the following countries that enable you to qualify for the IQEX:
> CPA Australia
> Chartered Accountants Australia and New Zealand (CAANZ)
> CPA Canada (CPAC)
> Hong Kong Institute of Certified Public Accountants (HKICPA)
> Chartered Accountants Ireland (CAI)
> Instituto Mexicano de Contadores Publicos (IMCP)
> Institute of Chartered Accountants of Scotland (ICAS)
> South African Institute of Chartered Accountants

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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Chartered Accountants Australia and New Zealand (CAANZ)

A holder of the Chartered Accountant credential may be eligible to sit for the International Qualification Examination (IQEX) if he or she is a member in good standing of CAANZ and meets the eligibility criteria set forth in the December 2018 Mutual Recognition Agreement (MRA).

Residency

You must be a citizen of, or hold a visa granting legal residency in Australia or New Zealand. Your application will not be complete without a copy of your passport or visa.

Member in Good Standing

You must be a member in good standing with Chartered Accountants Australia and New Zealand (CAANZ). Your application will not be complete without a Letter of Good Standing.

Education

You must hold a baccalaureate or higher degree and one of the following:

  • Have successfully completed ICAA’s Professional Year Programme
  • Have successfully completed NZICA’s Professional Accounting School
  • Have successfully completed the CAANZ Chartered Accountants Program

Examination

You must have successfully completed one of the following:

  • the full capstone final examination for your legacy credential
  • the five modules of the CAANZ’s CA Program

Experience

You must meet the following experience requirements:

  • have completed a minimum of 3 years of relevant work experience prior to obtaining the CAANZ CA credential and being admitted to membership; AND
  • have completed an additional 2 years and 8 months of relevant work experience – which includes 2 years’ experience providing public accounting services – after obtaining the CA credential and being admitted to membership in CAANZ. Note: a completed Verification of Work Experience form will be needed in order to complete the application for the IQEX.

Continuing Education

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

Exclusions

Chartered Accountant Australia and New Zealand CAs who obtained their CA credential by qualifying under a reciprocal agreement that CAANZ (or ICAA or NZICA) 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 CAANZ, or ICAA or NZICA 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)

You must meet the eligibility requirements as set out in Appendix 1A of the 2020 Mutual Recognition Agreement:

Member in Good Standing

You must be a member in good standing with the Hong Kong Institute of Certified Public Accountants. Your application will not be complete without a Letter of Good Standing.

Note: You must have obtained the HKICPA credential on or before December 31, 2020.

Education

You must meet the following education requirements:

  1. completed a three-year baccalaureate or higher degree
  2. completed the HKICPA Qualification Programme which took effect in 1999

    Note: If you did not qualify by completing HKICPA’s Qualification Programme but you obtained your HKICPA credential in or before 2001, you are grandfathered into this agreement as meeting the education criteria of the eligibility requirements of this agreement.

    Examination

    You must have passed the Final Examination of HKICPA’s Qualification Programme which took effect in 1999.

    Experience

    You must completed a minimum of three years of relevant work experience prior to obtaining the HKICPA credential AND one of the following:

    1. with a four-year baccalaureate degree, you must have completed an additional two years of relevant work experience after obtaining the HKICPA credential OR
    2. with a three-year baccalaureate degree, you must have completed an additional three years of relevant work experience after obtaining the HKICPA credential

    Continuing Education

    You must be in compliance with the CPD requirements of HKICPA.

    Exclusions

    Hong Kong CPAs who obtained their HKICPA credential by qualifying under a reciprocal agreement that HKICPA 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 HKICPA may have or may have had at any time.

    Materials to Be Submitted

    In addition to your online application and fee, the following documents must be submitted in order to complete your application:

    1. Letter of Good Standing – Contact HKICPA to request your Letter of Good Standing to be submitted via email to iqex@nasba.org.

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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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    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 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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    South African Institute of Chartered Accountants

    A holder of the Chartered Accountant (CA) credential may be eligible to sit for the International Qualification Examination (IQEX) if he or she is a member in good standing of the South African Institute of Chartered Accountants (SAICA) and meets the eligibility criteria set forth in the 2019 Mutual Recognition Agreement (MRA).

    Member in Good Standing

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

    Education

    You must meet the following education requirements:

    • Hold a baccalaureate or higher degree; AND
    • Have successfully completed the SAICA accredited Postgraduate Graduate qualification

    Examination

    You must have successfully completed the following examinations:

    • the SAICA Initial Test of Competence AND
    • the SAICA Assessment of Professional Competence

    Experience

    You must meet the following experience requirements:

    • completed the SAICA Training Programme prior to obtaining the CA(SA) credential; AND
    • completed an additional 12 months of relevant work experience after obtaining the CA(SA) credential and being admitted to membership in SAICA. Note: A completed Verification of Work Experience form will be needed in order to complete the application for the IQEX.

    Continuing Professional Development

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

    Exclusions

    CA(SA)s who obtained their credential by qualifying under a reciprocal agreement that SAICA 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 SAICA may have or may have had at any time.

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    FORMS

    CPA Australia
    Letter of Good Standing CPAA
    Verification of Experience CPAA
    Verification of Supervisor's Licensure CPAA

    Chartered Accountants Australia New Zealand
    Letter of Good Standing CA ANZ
    Verification of Experience CA ANZ
    Verification of Supervisor's Licensure CA ANZ

    CPA Canada
    Letter of Good Standing CPAC

    Chartered Accountants Ireland
    Letter of Good Standing CAI
    Verification of Experience CAI
    Verification of Supervisor's Licensure CAI

    Institute of Chartered Accountants of Scotland
    Letter of Good Standing ICAS
    Verification of Experience ICAS
    Verification of Supervisor's Licensure ICAS

    South African Institute of Chartered Accountants
    Verification of Experience

    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