neoaccounting

The National Association of State Boards of Accountancy and the American Institute of CPAs’ U.S. International Qualifications Appraisal Board have signed a mutual recognition agreement with CPA Australia. NASBA's headquarters in Nashville, Tenn. The agreement will offer an abbreviated qualification pathway for eligible accounting professionals in the U.S., Australia and New Zealand to practice in the partner countries. Under the deal, qualified U.S. CPAs will be eligible to obtain the CPA Australia credential, which is a pathway to getting audit rights in Australia and New Zealand, if the holders meet specific eligibility requirements spelled out in the agreement’s appendices. Similarly, CPA Australia credential holders who are citizens or legal residents in Australia or New Zealand will be eligible to obtain the U.S. CPA credential if they meet the eligibility requirements outlined in the agreement’s appendices. Sharon A. Jensen, who chairs the NASBA/AICPA U.S. IQAB, ...