The AICPA and the National Association of State Boards of Accountancy (NASBA) jointly established IQAB to negotiate international reciprocity agreements.
IQAB only enters reciprocal licensing agreements with accountants from other countries whose requirements are deemed to be substantially equivalent to the requirements for CPAs.
In order to determine whether a licensing jurisdiction's requirements can be recognized in the United States, IQAB evaluates the use of international standards and the development of disciplines in domestic regulation (including examination measures, certification rules, and educational qualifications, as well as experience and continuing professional education requirements).
More specifically, three principal elements considered by IQAB in determining whether a reciprocity agreement can be reached with a professional accounting body in another country are the education, examination, and experience required to obtain the foreign accountancy designation.
The IQAB has invested a significant amount of time exploring the possibility of reciprocity agreements with England and Wales, Scotland, and Ireland.