If you're a member of a professional accounting body like ACCA, ICMAP, or others, and you're aiming to become a Certified Public Accountant (CPA) in the USA, you might be wondering:
"Do I qualify for any exemptions or fast-track options?"
Let’s break it down.
❌ No Direct Exemptions for ACCA or ICMAP
As of now, ACCA (UK) and ICMAP (Pakistan) members do not have a Mutual Recognition Agreement (MRA) with the NASBA/AICPA in the United States. This means:
- You must meet all standard CPA requirements, including:
- A recognized bachelor’s degree (typically 150 credit hours)
- Passing the Uniform CPA Exam
- Fulfilling experience requirements (usually 1–2 years under a licensed CPA)
However, your academic background and professional experience may still help you qualify through credential evaluation.
✅ Who Does Have an MRA with CPA USA?
The following international accounting bodies have official MRAs with the NASBA/AICPA International Qualifications Appraisal Board (IQAB):
- CPA Canada
- Chartered Accountants Australia and New Zealand (CAANZ)
- CPA Australia
- Chartered Accountants Ireland (CAI)
- Institute of Certified Public Accountants in Ireland (CPA Ireland)
- South African Institute of Chartered Accountants (SAICA)
- Instituto Mexicano de Contadores PΓΊblicos (IMCP) – Mexico [1]
These MRAs allow qualified members of these bodies to pursue the CPA USA through abbreviated pathways.
π Official MRA Info: NASBA Mutual Recognition Agreements
π§ What Should ACCA or ICMAP Members Do?
Even without exemptions, you can still pursue the CPA USA by following these steps:
Credential Evaluation
Use services like NIES, WES, or FACS to evaluate your academic qualifications.Choose a State Board
Some U.S. states are more flexible with international qualifications. Research or get guidance on which board suits your profile.Complete Additional Credits (if needed)
You may need to take extra courses to meet the 150-credit requirement.Pass the CPA Exams
Prepare for and pass the four sections of the Uniform CPA Exam.Fulfill Experience Requirements
Typically 1–2 years under a licensed CPA.
π Final Thoughts
While ACCA and ICMAP members don’t have a shortcut, your global accounting background gives you a strong foundation. With the right planning and support, you can absolutely earn the CPA USA designation and open doors to international opportunities.
If you need help evaluating your eligibility or planning your CPA journey, feel free to reach out—I’m here to guide you every step of the way.
References
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