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

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

Education

CPA Australia allows for multiple entry routes to its CPA credential. At a minimum, an Australian CPA must:

1. Hold at least a baccalaureate or higher degree; and
2. Have completed CPA Australia’s CPA Program.

Examination

To meet the examination criteria of the eligibility requirements of this agreement, Australian CPAs must have passed CPA Australia’s CPA Program, which comprises the following subjects:

• Two elective subjects from the following list of subjects:
o Financial Planning Fundamentals
o Advanced Taxation
o Advanced Audit and Assurance
o Financial Risk Management
o Contemporary Business Issues
o Superannuation and Retirement Planning.

• Ethics and Governance;
• Strategic Management Accounting;
• Financial Reporting; and
• Global Strategy and Leadership, which is the capstone subject to be completed as final subject of the CPA Program.

Experience

You must meet the following experience requirement:

1. 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
2. an additional two years and eight months of relevant work experience after obtaining the Australian CPA credential and being admitted to membership.

Continuing Education

To meet the CPE criteria of the eligibility requirements of this agreement, Australian CPAs 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.

 

Institute of Chartered Accountants in Australia (ICAA)

Qualification

You must have qualified as a Chartered Accountant in Australia and must currently be a member in good standing with the Institute of Chartered Accountants in Australia (ICAA). If you qualified as an Australian Chartered Accountant on the basis of recognition of credentials earned in other countries, you are not eligible to apply. You must have completed the PY or CA Program.

If you qualified as a member of the ICAA, and meet one of the following educational categories, you qualify to take the IQEX:

  1. Hold a three-year baccalaureate degree with an approved major in accounting from a university accredited by ICAA, plus completion of the PY or CA Program.
  2. Hold a three-year baccalaureate non-accounting degree from a university accredited by ICAA with completion of an approved graduate conversion course in accounting, plus completion of the PY or CA Program.
  3. Hold an approved master’s degree, plus completion of the PY or CA Program.

 

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CPA Canada (CPAC)

Qualification

The Canadian Institute of Chartered Accountants (CICA), the Society of Management Accountants of Canada (CMA Canada), and the Certified General Accountants of Canada (CGA Canada) merged to establish Chartered Professional Accountants Canada for an integration of the country’s national accounting bodies. The framework for uniting the Canadian accounting profession was developed by the legacy accounting bodies (Chartered Accountants, Certified Management Accountants and Certified General Accountants). The unification process protected all existing rights of members, such as rights under any existing Mutual Recognition Agreement, without granting new rights.

At the time of unification, the only IQEX MRA in effect was with the Canadian Institute of Chartered Accountants; therefore, only legacy CA members of CPA Canada can qualify for the IQEX.

In order to qualify for the IQEX, you must have passed the Uniform Final Examination (UFE) in Canada, and must currently be a member in good standing with CPA Canada or a Provincial CA Institute. If you qualified as a Canadian Chartered Accountant (CA) on the basis of recognition of credentials earned in other countries, you are not eligible to apply.

U.S. CPAs wanting to receive reciprocity in Canada should contact Chartered Professional Accountants Canada.

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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 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