International Qualification Examination

The International Qualification Examination (IQEX) is an examination sat by certain non-U.S. qualified accountants seeking the Certified Public Accountant designation in the United States.

The examination is set by the American Institute of Certified Public Accountants (AICPA) and administered by the National Association of State Boards of Accountancy (NASBA).

Eligibility

In principle the following members of the following overseas bodies are eligible :

Note: The Mutual Recognition Agreement between the U.S. International Qualifications Appraisal Board and CPA Australia (Australian Certified Practicing Accountants) has expired and is not being considered for renewal. Members of CPA Australia interested in becoming licensed as a CPA in the U.S. must complete the Uniform CPA Examination.

Those who have acquired their overseas membership through mutual recognition or reciprocity are not eligible. For example, an Australian or Irish Chartered Accountant who originally qualified as a Scottish Chartered Accountant would not be eligible.

Those from recognized overseas bodies who are not eligible to sit for IQEX may apply to a U.S. State Board of Accountancy to sit for the Uniform CPA Exam under normal rules. The Colorado State Board of Accountancy, Delaware State Board of Accountancy and Illinois State Board of Accountancy are popular choices for overseas qualified accountants.

Details on IQEX eligibility, IQEX training programs and CPA licensure are available at

Administration

The administration of the IQEX exam is similar to that for the Uniform CPA Exam, with a few key differences:

The fee to sit IQEX is USD845 as a first time candidate, and USD795 as a re-examination candidate. Australian CPAs required to sit the AUD section of the Uniform CPA Exam must pay USD1,030 as a first time candidate, and USD795 for re-examination. Should AUD be applied for on its own the fee is USD185.

Licensure or certification as a CPA

After successfully passing IQEX, candidates must still meet the requirements of one of the 55 State Boards of Accountancy in order to be licensed or certified as a CPA.

Although state boards are not involved in the IQEX examination itself, they still reserve the right to decide on CPA licensure and certification.


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