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Saica And Acca Agreement

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NASBA and AICPA have also entered into mutual recognition agreements with CPA Australia, Chartered Accountants Australia and New Zealand, CPA Canada, Hong Kong Institute of Certified Public Accountants, Chartered Accountants Ireland, Instituto Mexicano de Contadores Publicos and the Institute of Chartered Accountants of Scotland. The American Institute of CPA and the National Association of State Boards of Accountancy have entered into a mutual recognition agreement with the South African Institute of Chartered Accountants, effective January 15, 2020. In accordance with the terms of the agreement, the pact will facilitate mutual recognition of the name SSouth African CA (SA) and the US license CPA. It will also increase the mobility of professionals to facilitate the growth of the profession in the United States and South Africa. As the accountant and CPAs continue to grow globally and harness technological innovations, we need to help the profession find ways to expand its scope of practice, knowledge and mobility,” AICPA President and CEO Barry Melancon said in a statement Thursday. “This mutual recognition agreement achieves this goal.” Detailed information on CPA licensing requirements can be found on the NASBA website or via email iqex@nasba.org. Full information on CAs (SA) authorisation requirements can be found on the SAICA website or by email to Adri Kleinhans in adrik@saica.co.za. 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.

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