Acca Cpa Mutual Recognition Agreement

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. To support the government`s vision, we have signed a long-term strategic partnership agreement with the prestigious VAE Local Audit Association – AAA (Association of Accountants and Auditors) – to improve the financial sector in the United Arab Emirates, by: the NASBA/AICPA International Qualifications Appraisal Board (IQAB) is the link between the U.S. accounting profession and other states parties to the General Trade Agreement. 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. CGA Provincial Bodies and CGA Canada signed the Existing Mutual Recognition Agreement (MRA) with the Association of Chartered Certified Accountants (ACCA) in 2011. Following the unification of Canada`s three different accounting positions in 2014, the commitments of each CGA body that was a party to the agreement were transferred to the new CPA body for that jurisdiction.

With the exception of CPA Bermuda, which did not have an older CGA body, and CPA Quebec, which announced the termination of the ACCA on October 17, 2012, the new CPA bodies continued to join the agreement. On April 8, 2020, CPA Canada submitted a notice to the ACCA for the MRA to terminate the MRA effective April 30, 2021. The process of negotiating a new agreement between CPA Canada and the ACCA has already begun and will continue in the coming months. The MRA offers ACCA members increased recognition in different parts of the world with increased international mobility.

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