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.