IQEX: Your Alternate Route to a U.S. CPA License
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In today's international business climate, professional accountants need certain qualifications to show they have the edge and an in-depth understanding of cross-border practices. Accounting is a field that has been shaped by recent developments and international agreements such as the North American Free Trade Agreement (NAFTA) and the General Agreement on Trade in Services (GATS).
This makes the International Qualification Examination (IQEX) more important than ever, especially since it is tied to the highly respected National Association of State Boards of Accountancy (NASBA) and the exam is prepared by the American Institute of Certified Public Accountants (AICPA). If you want to be a U.S. CPA by reciprocity, the IQEX is worth pursuing.
The IQEX makes the U.S. CPA qualification process easier for accountants from countries with professional bodies that have mutual recognition agreements with the U.S. To date several organizations across the globe have such agreements, including:
- Institute of Chartered Accountants in Australia (ICAA)
- Canadian Institute of Chartered Accountants (CICA)
- Hong Kong Institute of Certified Public Accountants
- Chartered Accountants Ireland (CAI)
- Instituto Mexicano de Contadores Públicos (IMCP)
- New Zealand Institute of Chartered Accountants (NZICA)
Here’s a look at why pursuing IQEX can add even more value to your career.