Any professional accounting organization wishing to enter into a mutual agreement with u.-IQAB must submit a letter of intent to nASBA. The letter should contain a brief written description of the nature and objectives of the organization, the extent of its membership and its interest in applying for an MRA. If the organization is not entitled to grant exercise qualifications, including supervisory rights, it must demonstrate that it can facilitate the receipt of these qualifications for U.S. CPAs by the receiving authority. For more information on the reciprocal itinerary, please contact us. The ACCA also has mutual agreements with several professional organizations around the world, so it is interesting to check what options are available for qualified accountants with ACCA offices by country. NOTE: Due to the termination of the contract and the expected volume of applications, we advise you to begin the MRA admission process as soon as possible. Processing times may vary depending on the volume. The ACCA and the Certified General Accountants Association of Canada (CGA-Canada) have entered into a Comprehensive Mutual Recognition Agreement (MRA). Initially signed in 2006, the contract was renewed in July 2011. In 2012, CGA Canada was part of CPA Canada.
The MRA remains in effect in all provinces except Quebec. The ICAS has a direct reciprocal membership agreement with seven international accounting bodies, which allows you to join us without carrying out additional audits. In 2020, we renewed our Mutual Recognition Agreement (MRA) with the Hong Kong Institute of Certified Public Accountants (HKICPA). The renewed agreement will be in effect until June 30, 2025. To support the government`s vision, we have signed a long-term strategic partnership agreement with the prestigious UAE Local Audit Association (AAA) to improve the financial sector in the United Arab Emirates: the negotiation process between CPA Canada and ACCA for a new agreement has already begun and will continue in the coming months. The NASBA/AICPA International Qualifications Appraisal Board (IQAB) is the link between the U.S. accounting profession and that of other States Parties to the General Convention on Trade in Services (GATS). A Mutual Recognition Agreement (MRA) allows qualified professional examiners from another country to operate in the United States without having to re-tender. Similar recognition is given to U.S. CPAs who wish to practice in the same country. The Canadian CPA profession and the Association of Chartered Certified Accountants (ACCA) are currently negotiating a new agreement defining how members of the professionals involved can obtain the designation of the other profession. If you are a Good Standing member in one of the following positions and have qualified through the normal examination channels, it is interesting to note that qualified ACA accountants can bring their qualifications through international reciprocity agreements, but they should be aware that Australia uses IFRS, with the support of the Australian Accounting Standards Board (AASB).
Members of the two institutions that apply under this agreement should also remain members of their original designation.