CPA is an American certification (license) awarded by the American Institute of Certified Public Accountant (AICPA).

Qualified CPA United States can do practice in following country without having to any re-credentials of his/her education:
• Institute of Chartered Accountants in Australia (ICAA)
• Canadian Institute of Chartered Accountants (CPA Canada)
• Canada, Mexico, and United States Memorandum of Understanding
• Chartered Accountants Ireland – formerly the Irish Institute of Chartered Accountants (CAI)
• Institute Mexican de Contadores Publicos (IMCP)
• New Zealand Institute of Chartered Accountants (NZICA)
• Hong Kong Institute of Certified Public Accountants (HKICPA)

MRA Requirements for U.S.CPAs
Beyond the borders of the United States, obtaining mobility has been eased by the establishment of mutual recognition agreements (MRAs) with professional accountancy bodies in six countries. This chart outlines the requirements for U.S. CPAs to work in these countries.

Jurisdiction Agreement Participant Education Requirements Examination Requirements Experience Requirements
Canada Chartered Professional Accountants of Canada (CPA Canada) Same as U.S. jurisdiction granting certification in U.S. Sates following the Uniform Accountancy Act. More Information: www.becomeacaincanada.ca Must pass the Chartered Accountants Resiprocity Examination (CARE) Minimum of three years.
More information: www.catrainingoffice.ca
Australia Institute of Chartered Accountants In Australia (ICAA) Same as U.S. jurisdiction granting certification, plus corporations law and taxation courses taken at an Australian University Same as U.S. jurisdiction granting certification Same as U.S. jurisdiction granting certification
New Zealand The New Zealand Institute of Chartered Accountants (NZICA) Same as U.S. jurisdiction granting certification, plus taxation, commercial and corporate law courses taken at a New Zealand tertiary education provider Same as U.S. jurisdiction granting certification Same as U.S. jurisdiction granting certification. (Practice Certificate experience waived for documented equivalent U.S. experience.)

Who can do?

• Every state has its own criterion but in general it requires at least a minimum of Bachelor’s degree-4years( Subjects in Accounting, Finance, Tax, & Business)
• 3 years B.Com has bright chances if taxation and audit is studied.
Note: This is a common misconception that you need 120 credit hours. Some States require 24 accounting & 24 business hours and some States require less.

Course Outline

CPA BEC:
Business Environment Concepts
CPA AUD:
Auditing and Attestation
CPA FAR:
Financial Accounting & Reporting
CPA REG:
Regulation
• [22%] Corporate Governance
• [22%] Economic Concepts and Analysis
• [16%] Financial Management
• [20%] Information Technology(IT)
• [20%] Operations Management
• [20%] Ethics, Professional Responsibilities and General Principles
• [25%] Assessing Risk and Developing a Planned Response
• [35%] Performing Further Procedures and Obtaining Evidence
• [20%] Forming Conclusions and Reporting
• [30%] Conceptual Framework, Standard-Setting and Financial Reporting
• [35%] Select Financial Statement Accounts
• [25%] Select Transactions
• [10%] State and Local Governments
• [70%] Federal Taxation
• [15%] Business Law
• [15%] Ethics, Professional Responsibilities, and Federal Tax Procedures

Exam Format

CPA Exam Section CPA BEC:
Business Environment Concepts
CPA AUD:
Auditing and Attestation
CPA FAR:
Financial Accounting & Reporting
CPA REG:
Regulation
Testlet 1 & 2: MCQ 31 MCQ each testlet 36 MCQ each testlet 33 MCQ each testlet 38 MCQ each testlet
Testlet 3: TBS 2 TBS 2 TBS 2 TBS 2 TBS
Testlet 4: TBS 2 TBS 3 TBS 3 TBS 3 TBS
Testlet 5 TBS 3 TBS 3 TBS 3 TBS
Testlet 5 WC 3 WC
  50% – MCQ – Multiple Choice
35% – TBS – Task Based Simulations
15% – WC – Written Communication
50% – Multiple Choice
50% – TBS – Task-Based Simulations
50% – Multiple Choice
50% – TBS – Task-Based Simulations
50% – Multiple Choice
50% – TBS – Task-Based Simulations

Note: Each section of the exam is scored on a scale of 0 to 99. Candidates must get a score of 75 in order to pass a section. It’s important to understand a 75 percent or a C+ grade is not equivalent to a passing score. You must achieve at least 75 points in order to pass.

Exam Duration

CPA BEC:
Business Environment Concepts
CPA AUD:
Auditing and Attestation
CPA FAR:
Financial Accounting & Reporting
CPA REG:
Regulation
4 hours 4 hours 4 hours 4 hours

Exam Dates

CPA BEC:
Business Environment Concepts
CPA AUD:
Auditing and Attestation
CPA FAR:
Financial Accounting & Reporting
CPA REG:
Regulation
Q1: JAN 1 – MAR 10
Q2: APR 1 – JUN 10
Q3: JUL 1 – SEP 10
Q4: OCT 1 – DEC 10

Exam Fee

• Application Fee – $ 175.00

CPA BEC:
Business Environment Concepts
CPA AUD:
Auditing and Attestation
CPA FAR:
Financial Accounting & Reporting
CPA REG:
Regulation
Exam Fee: $208.40 Exam Fee: $208.40 Exam Fee: $208.40 Exam Fee: $208.40

Exam Location

International Administration of the Uniform CPA Examination:
• In conjunction with the AICPA and Prometric, NASBA provides the opportunity for international administration of the Uniform CPA Examination (Exam) to be offered in England, Scotland, Ireland, Germany, Japan, Brazil, Bahrain, Kuwait, Lebanon and the United Arab Emirates.
• The CPA exam is administered by Prometric Testing Centers, open year-round, 6 days a week, with locations across the U.S.
• To schedule an exam, register online with Prometric (www.prometric.com/cpa).