The American Institute of Certified Public
Accountants (AICPA), the Conselho Federal de Contabilidade (CFC)
and the Fundação Brasileira de Contabilidade (FBC) have signed a
Memorandum of Understanding (MoU).

The two-year agreement aims to strengthen the
accounting profession in Brazil and the US. The MoU will see the
professional bodies establish a working group dedicated to the
launch and administration of the CPA exam in Brazil and they will
also seek to implement a Portuguese language IFRS training program
centralised in there.

“In Brazil, the accounting profession is
rapidly becoming more influential as the country becomes more
important globally. The AICPA is pleased to have the opportunity to
work with CFC and FBC as that influence continues to grow,” AICPA
vice president of examinations and continuing professional
education Craig Mills said.

AICPA is planning to launch the Uniform CPA
Examination in Brazil, starting in February 2012. Testing in Brazil
will be open to citizens and long-term residents of Brazil,
Argentina, Venezuela, and Colombia. US citizens living abroad are
also eligible to test at any location.