Mutual Recognition Agreements Cpa

On behalf of all Canadian provincial and regional CPA bodies, CPA Canada has signed Mutual Recognition Agreements (MRAs) and Memorandums of Understanding with a number of international accounting organizations. These agreements apply to all reputable Canadian CPAs, including those that have completed their certification through a legacy qualification program (CA, CGA or CMA). This partnership will enhance your recognition as a financial expert in the region with dual membership in ACCA and AAA. 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. This MRA strengthens the excellent relationship between our two bodies and has already created a pathway for many qualified members of each association to become members of the other body and enjoy the benefits of both. These include increasing international recognition and improved professional mobility.

CPA Canada has signed membership recognition agreements with international accounting bodies that allow Canadian CPAs to apply for membership in these bodies and allow their members to apply for the Canadian CPA designation. We will continue to keep all members informed of the status of our reciprocity agreements. If you are a highly qualified and reputable member of an international accounting body mentioned below (having obtained membership through the end of the accounting certification process and not through a recognition agreement with another accountant) and have obtained your designation while you are not resident in Canada, you may be eligible for certification in Canada through an older Mutual Membership Agreement (ARMA). They may also have the right to practice public accounting through a Mutual Recognition Agreement (MRA). 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. Members of international accounting bodies who have entered into a valid recognition agreement with CPA Canada recognize that global portability is increasingly important to professional accountants around the world and, to seize the opportunities offered to our members, CIMA and CPA Australia have entered into a mutual recognition agreement to offer you: they are part of an innovative network that is working on developing a leading financial centre in the VAE and the region.

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