Professional accounting bodies from Canada, the United States and Mexico have signed a trilateral Mutual Recognition Agreement. The agreement provides for increased recognition of qualified professional accountants and specifies the criteria by which one body’s members are eligible to obtain the credential of the other. The MRA facilitates opportunities for Alberta CPAs to work across North America while also recognizing international professional accounting standards in Canada, which is crucial to maintaining reciprocity agreements.
The agreement was signed between the following: Chartered Professional Accountants of Canada (CPA Canada), on behalf of the CPA provincial and territorial bodies, including CPA Alberta; IQAB representing NASBA; AICPA; IMCP; and COMPIC.
“This agreement demonstrates the ongoing commitment of the Canadian CPA profession to help advance labour mobility through international recognition and efficient integration into the workforce,” says Joy Thomas, president and CEO, CPA Canada. “Streamlining the process of attracting and retaining top-end talent is increasingly important to achieving economic growth and social well-being in Canada. The agreement also helps our members by reducing barriers to international career opportunities.”
CPA Canada is in the process of renegotiating agreements and exploring new agreements with international accounting bodies after the unification of the Canadian accounting profession under the Chartered Professional Accountant (CPA) banner.
This post is based on information provided by CPA Canada.