The IQEX Examination is 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. It also provides reasonable assurance to boards of accountancy that those who pass the Examination possess the level of technical knowledge and skills necessary for licensure to protect the public interest.
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)
- Chartered Professional Accountants of Canada (CPA Canada)
- Chartered Accountants Ireland (CAI)
- Institute of Chartered Accountants of Scotland (ICAS)
- Instituto Mexicano de Contadores Publicos (IMCP)
- Hong Kong Institute of Certified Public Accountants (HKICPA)
- New Zealand Institute of Chartered Accountants (NZICA)
- CPA Australia
The intent of the IQEX Examination is to test the differences between the Federal Taxation Business Laws and Ethics practices of the United States and the relevant accounting and auditing practices of other countries. The assumption is that accounting professionals from other countries have already demonstrated competence in all of the areas that are identical in both the candidate’s home country and the United States.
Detailed information about eligibility requirements and the IQEX Exam application materials are available from NASBA at www.nasba.org. NASBA's IQEX Candidate Bulletin may be found here.
The IQEX Examination uses an administration of the Uniform CPA Examination's Regulation section. IQEX candidates should review the Regulation section of the Uniform CPA Examination Blueprints.