The International Qualification Examination (IQEX) was developed to facilitate the U.S. CPA qualification process for accounting professionals from other countries whose professional bodies enter into mutual recognition agreements with the U.S. accounting profession. Mutual recognition agreements on behalf of the U.S. accounting profession are prepared under the oversight of the International Qualification Appraisal Board (IQAB), a joint body of the American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NASBA).
At present, the U.S. accounting profession has mutual recognition agreements in effect with the following professional bodies:
- Institute of Chartered Accountants in Australia (ICAA)
- Canadian Institute of Chartered Accountants (CICA)
- Chartered Accountants Ireland (CAI)
- Instituto Mexicano de Contadores Publicos (IMCP)
- Hong Kong Institute of Certified Public Accountants (HKICPA)
- New Zealand Institute of Chartered Accountants (NZICA)
IQEX is a four-and-a-half hour examination designed to facilitate the U.S. CPA qualification process for those accounting professionals from other countries whose professional bodies have entered into reciprocity agreements with the U.S. accounting profession.
Announcement: In November 2012, IQEX will transition to a new format that will use an administration of the Uniform CPA Examination's Regulation section. As part of the transition, the IQEX exam will no longer have a dedicated content specification outline (CSO) and will instead assume the content outlined in the Regulation section of the Uniform CPA Examination CSOs. For more information please read the November 2012 IQEX Transition Information announcement.
Detailed information about IQEX eligibility requirements and IQEX application materials are available from NASBA at www.nasba.org