01-10-2007, 08:54 PM
From Wikipedia
United States (US)
A mutual recognition between ACCA and AICPA/NASBA does not exist, but is under negotiation as of December 2006. However, it has effectively been put on hold pending a decision by the UK regulatory body,the Professional Oversight Board of Accountancy (POBA).It should also be noted that even if ACCA gained statutory recognition, it would still be up to the individual states to grant reciprocity within their state.
Currently ACCA membership is recognised by the Colorado State Board of Accountancy as meeting the educational requirements to sit for the US
Uniform Certified Public Accountant Examination.
The majority of ACCA members who pass the CPA exam may apply for licensing as a Certified Public Accountant(CPA)in the state of Colorado, USA after completing a qualifications evaluation.
As of 2002, World Education Services (WES) indicated that the evaluation awarded 9 U.S. semester credits for every subject passed in
ACCA exams resulting in a total of 126 U.S. semester credits based on ACCA studies, so it allows ACCA associate members to sit for
uniform CPA examination at the states with 120 U.S. semester credits requirements.
As of end of 2005, there are 1,315 ACCA members in USA.
Canada
ACCA announced a Mutual Recognition Agreement with CGA Canada effective from 1 January 2007. Details ACCA is recognized by Canadian government as an eligible qualification to audit federal government institutions in Canada. As of 2006, Canadian Institute of Chartered
Accountants, World Education Services (WES) and the Odette School of Business at the University of Windsor indicated that the evaluation recognized ACCA as having the Canadian equivalence of a Bachelor's Degree (four years)in Accounting. The Canadian branch of ACCA is pursuing recognition for statutory audit purposes in the province of Ontario under the province's Public Accounting Act of 2004
Institute of Management Accountants (IMA) in United States has agreed that Chartered Certified Accountants(ACCA)only have to pass four-papers final examination to get the Certified Management Accountant (CMA)designation.This is not based on a specific agreement but is the result of IMA's policy and similar accreditation is
given to many other IFAC bodies, as well as to others with the equivalent of a U.S. bachelors degree (any discipline).
United States (US)
A mutual recognition between ACCA and AICPA/NASBA does not exist, but is under negotiation as of December 2006. However, it has effectively been put on hold pending a decision by the UK regulatory body,the Professional Oversight Board of Accountancy (POBA).It should also be noted that even if ACCA gained statutory recognition, it would still be up to the individual states to grant reciprocity within their state.
Currently ACCA membership is recognised by the Colorado State Board of Accountancy as meeting the educational requirements to sit for the US
Uniform Certified Public Accountant Examination.
The majority of ACCA members who pass the CPA exam may apply for licensing as a Certified Public Accountant(CPA)in the state of Colorado, USA after completing a qualifications evaluation.
As of 2002, World Education Services (WES) indicated that the evaluation awarded 9 U.S. semester credits for every subject passed in
ACCA exams resulting in a total of 126 U.S. semester credits based on ACCA studies, so it allows ACCA associate members to sit for
uniform CPA examination at the states with 120 U.S. semester credits requirements.
As of end of 2005, there are 1,315 ACCA members in USA.
Canada
ACCA announced a Mutual Recognition Agreement with CGA Canada effective from 1 January 2007. Details ACCA is recognized by Canadian government as an eligible qualification to audit federal government institutions in Canada. As of 2006, Canadian Institute of Chartered
Accountants, World Education Services (WES) and the Odette School of Business at the University of Windsor indicated that the evaluation recognized ACCA as having the Canadian equivalence of a Bachelor's Degree (four years)in Accounting. The Canadian branch of ACCA is pursuing recognition for statutory audit purposes in the province of Ontario under the province's Public Accounting Act of 2004
Institute of Management Accountants (IMA) in United States has agreed that Chartered Certified Accountants(ACCA)only have to pass four-papers final examination to get the Certified Management Accountant (CMA)designation.This is not based on a specific agreement but is the result of IMA's policy and similar accreditation is
given to many other IFAC bodies, as well as to others with the equivalent of a U.S. bachelors degree (any discipline).
