• Register
Return to: Home > News > Professional Bodies > Scottish and USA institutes sign mutual recognition agreement

Scottish and USA institutes sign mutual recognition agreement

The Institute of Chartered Accountants of Scotland (ICAS), the American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NABA), have signed a Mutual Recognition Agreement.

The agreement simplifies the process and reduces the examination requirements for each institutes’ members to gain membership in the other institutes streamlining the process for members to apply to work in other jurisdictions.

Following the agreement, chartered accountants (CAs) will need to pass the International Qualification Exam and USA certified public accountants (CPAs) will need to complete the international qualification pathway, a two-year training contract and have requisite UK audit experience.

However, CAs and CPAs will have to have already gained certain qualifications in their own countries before becoming eligible to work in the respective jurisdiction.

Members of the ICAS will have to have an undergraduate degree, completed the CA Qualification Program, and have two years post qualification relevant practical work experience.

For a USA CPA, the applicant must be in good standing with the State Board, have completed and undergraduate degree, the Uniform CPA Exam, State Board experience requirements for licensure and two years of post-qualification practical work experience.

The agreement has been approved by both countries’ governing bodies. 

Liam Fox, the UK’s International trade secretary, has welcomed the agreement, commenting: “Mutual recognition of qualifications can help boost trade in services, making it easier for our world-leading professionals to operate in other countries.”


By Joe Pickard

Top Content

    2018 Digital Accountancy forum and awards: Digital transformation

    The Accountant presents highlights from The Digital Accountancy Forum & Awards 2018 panel discussions

    read more

    2018 Digital Accountancy Forum and Awards: Tech deep dive

    The second panel session of the day saw experts discuss how new technologies should not just be seen as a threat, and could be used to improve accounting.

    read more

    Digital Accountancy Forum and Awards: The power of data

    The third panel discussion of the day saw panellists discuss some of the worries their clients have had, how to overcome them, and how data and technology are providing real business opportunities.

    read more

    Digital Accountancy Forum and Awards: The next generation

    With young people more mobile, and technology changing the industry rapidly, the final panel session of the Digital Accountancy Forum looked at how firms would need to adapt to the new reality

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.