Canadian Cpa Candidates And The Iqex
The International Uniform Certified Public Account Qualification Examination (IQEX) is the reciprocity exam which allows members in good standing of the Canadian Institute of Chartered Accountants (CICA) to become U.S.
In order to qualify for IQEX, candidates must have passed the Uniform Final Examination (UFE) in Canada and must currently be members in good standing with a Provincial CA Institute. Candidates who qualified as Canadian Chartered Accountants (CAs) on the basis of recognition of credentials earned in other countries are not eligible to apply. Candidates must have met all experience requirements by the application deadline in order to qualify.
Letter of Good Standing
Every candidate, including initial and re-examination, must submit a current Letter of Good Standing from their original institution each time an application is submitted for the IQEX. This letter should include the candidate's current CICA membership status. The experience requirement for becoming a full member in good standing with CICA must be completed before the candidate is eligible for the IQEX.
The Letter of Good Standing must be received in our office before a Notice to Schedule will be released to the candidate.
The testing window for 2010 has not yet been determined.
Applications for the 2010 IQEX will be accepted approximately 4 months prior to the examination window.
To have the best chance of scheduling on your preferred date and at your preferred testing center, schedule your examination early. Notices to Schedule (NTS) will begin to be released in July. Your application and Letter of Good Standing must be received before your NTS will be released.
Note: Testing centers fill quickly. Do not expect to be able to test at the end of the testing window. Testing space at the end of the window fills more quickly than space at the beginning of the window. Failure to schedule your examination will result in all fees being forfeited. Fees are NOT refundable
www.certifiedtaxpro.com Canadian CAs and Australian CAs/CPAs (who originally qualified in Canada or Australia) qualify to write the annual 4.5 hour, single-subject, multiple-choice U.S. CPA IQEX (Reciprocity) exam, which tests only entry-level technical material. The IQEX exam syllabus tests the following topics: Following is the outline of the program: 1.Accounting and reporting for governmental entities and for nongovernmental not-for-profit organizations 2.Ethical and Professional and Legal responsibilities 3.Business law 4.Federal tax procedures and accounting issues 5.Federal taxation of property transactions 6.Federal taxation of individuals 7.Federal taxation of entities 8.Business structure 9.Recent Regulatory Issues Leah Tonti has been teaching CPA and IQEX seminars since 1998. She has 19 years full time experience in public speaking. Ms. Tonti also conducts CPE training for AICPA (American Institutes of CPAs) for CPAs across the United States. All study materials are provided with the IQEX live seminar. The fees qualify for the Bill 90 training education tax credit for employers of participants. Or a participant may claim the fees on their personal tax return. The IQEX exam is a four and one-half hour objective item examination prepared by AICPA. The examination is offered only in English and is administered as a Computer Based Test (CBT) once a year between Sept. 1 to Sept. 30. To learn more about the IQEX seminar.
To all, IQEX Eligibility *Canadian Institute of Chartered Accountants (CICA) oIn order to qualify for IQEX, candidates must have passed the Uniform Final Examination (UFE) in Canada and must currently be members in good standing with a Provincial CA Institute. oCandidates who qualified as Canadian Chartered Accountants (CAs) on the basis of recognition of credentials earned in other countries are not eligible to apply. oCandidates must have met all experience requirements by the application deadline in order to qualify. How Do I Apply To Write The IQEX Initial Application *An initial application must be submitted by those candidates who have oNever applied for the IQEX or oPreviously applied but were found ineligible. *The application is available to download from NASBA's Web site at beginning in July of each year. Complete and submit the application form along with the examination fee to NASBA. Once your application has been evaluated, you will receive your Notice to Schedule. *Applications and fees should be mailed to: Regular postal delivery: Overnight delivery services: NASBA, Attn: IQEX Attn: IQEX PO Box 440555 150 4th Ave N, Ste 700 Nashville, TN 37244 Nashville, TN 37219 *The application deadline for initial candidates is September 1. All applications must be received in NASBA's office by this date.
Letter of Good Standing *All initial candidates must request a Letter of Good Standing to be submitted directly from their professional credentialing institution to NASBA to document their qualifications. *The Letter of Good Standing must be received by NASBA by October 1. *The examination fee for initial candidates in 2006 was $845.00. We do not know what the 2007 fee will be. As details become available, they will be posted on this site.
Re-Examination Application *A re-examination application must be submitted by those candidates who have oPreviously taken the IQEX examination or oPreviously applied, found eligible but did not take the examination. oApplications and fees should be mailed to: Regular postal delivery: Overnight delivery services: NASBA NASBA Attn: IQEX Attn: IQEX PO Box 440555 150 4th Ave N, Ste 700 Nashville, TN 37244 Nashville, TN 37219 *NASBA will begin accepting applications on August 1 of each year *Applications must be received by NASBA by September 1 of each year Letter of Good Standing *All re-examination candidates must request a Letter of Good Standing to be submitted directly from their professional credentialing institution to NASBA to document their qualifications. * The Letter of Good Standing must be received by NASBA by October 1 of each year. *The re-examination fee for candidates in 2006 was $795.00. We do not know what the 2007 fee will be. As details become available, they will be posted on this site. Receive Your Notice to Schedule for both Initial Candidates and Re-Examination Candidates *Once your application has been processed, you will receive a Notice to Schedule (NTS). *You must bring your NTS with you to the examination. You will NOT be admitted to the examination center without your NTS and proper identification. *Notices to Schedule's will be issued 3-4 weeks prior to the examination window. Schedule Your Examination for both Initial Candidates and Re-Examination Candidates * The exam writing window in 2006 was November 15, 2006 through December 15, 2006. In previous years, the exam writing window was October 15 through November 15. We do not know what the exact 2007 exam writing window will be yet. As details become available, we will post them on this website. * You will be allowed to take the examination at any one of the authorized Prometric test centers in the 55 U.S. jurisdictions and Canada *The most current list of test centers may be found on the Prometric Web site. * IQEX results will generally be mailed to all candidates in late February 2008. NASBA is also developing an online results release system that is not fully operable yet. As details become available, we will post them on this website. A great IQEX prep course is offered by US CPA IQEX TRAINING. Their contact information is Phone:1-866-525-IQEX I am a fresh graduate with a Bachelors in Accounting living in Bahrain. I started studying using Becker. Is there a state to register with that has NO work experience requirements AND NO ethics exam requirement to be a licensed CPA?
If you will apply at California Board of Accountancy, you can apply for CPA exam without the work experience and ethics exam. And when you pass all the 4 sections, you only get the certification but not the license because you need work experience under a US CPA to be able to get that.
