The International Qualification Examination (IQEX) is an exam administered by NASBA, in accordance with the AICPA, which allows qualifying internationally trained accountants to bypass the US Uniform CPA Exam and attain a US CPA through reciprocity.  The exam is designed to award the US CPA qualification to professionals from countries whose professional bodies have entered into a mutual recognition agreement with the US accounting profession.  In order to sit for the IQEX, an international candidate must be deemed to have adequate education, experience and have taken an examination substantially equivalent to that of the US.  The International Qualification Appraisal Board (IQAB), a joint body of the AICPA and NASBA, determines candidate eligibility.

At this time, mutual recognition agreements are in effect with the following 

  • Institute of Chartered Accountants in Australia
  • Canadian Institute of Chartered Accountants
  • Chartered Accountants Ireland
  • Instituto Mexican de Contadores Publicos
  • New Zealand Institute of Chartered Accountants
  • Hong Kong Institute of Certified Public Accountants
Note: Upon passing the IQEX, candidates must meet the requirements of one of the 55 State Boards of Accountancy in order to be licensed or certified as a CPA.

The IQEX will see a number of changes come its way in 2012.  Beginning in November 2012, the exam, which was previously administered just one month per calendar year, will now be offered during the second month of every testing window (February, May, August, and November).  The exam will continue to be administered in the same U.S. domesticjurisdictions as the Uniform CPA Examination in addition to existing IQEX testing centers in Canada.

The most significant change to the exam comes in the area of its content.  The exam will now exclusively cover ethics, professional and legal responsibilities, business law and taxation related specificallyto U.S. accounting practice.

Previously, the IQEX had its own dedicated Content Specification Outline (CSO), a breakdown of the content tested on the exam.  Beginning in November 2012, the exam will transition to a new format that will use an administration of the Uniform CPA Examinations Regulation section.  As a result, the dedicated IQEX CSO will become obsolete, and the exam will assume the content outlined in the Regulation section of the Uniform CPA Examination CSO.

The format of the exam will now reflect the Regulation portion of the US Uniform CPA Examination.  The exam will be three hours in length.  It will consist of three testlets of twenty-four Multiple Choice, as well as a fourth testlet of six Task Based Simulations.

For more information on the IQEX, please visit

Use Roger CPA Reviews Regulation Review to pass the 2012 IQEX!

By Craig Cuthbert, CPA
Craig is a National Business Alliance Manager for Roger CPA Review. He successfully passed all four parts of the CPA Exam in 6 months using our course.