NAFTA Professional Mutual Recognition Agreements: Comparative Analysis of Accountancy Certification and Licensure

Peek, Lucia E.; McGraw, Egbert; Robichaud, Yves; Villarreal, Jorge Castillo; Roxas, Maria L.; Peek, George

doi:10.2139/ssrn.488395

Cited by 4 publications

(6 citation statements)

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“…Further, previous studies have discussed the necessity for reforming qualifications and Certified Public Accountant (CPA)/Chartered Accountants (CA) examination schemes across nations (Melancon, 2010; Peek et al , 2007). Differences in professional qualification schemes are a key consideration in this convergence discussion, particularly for Initial Professional Development (IPD).…”

Section: Literature Reviewmentioning

confidence: 99%

Global convergence of accounting education

Sugahara

Watty

2016

ARA

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Purpose The purpose of this paper is to investigate the overall perceptions of accounting academics from Japan and Australia about global convergence of accounting education; and their beliefs about the contextual factors affecting the goal of global convergence. Design/methodology/approach The sample of this research was collected via a questionnaire-based survey of accounting academics who were teaching at the undergraduate and postgraduate level in tertiary institutes in Japan and Australia. This study adapted the questionnaire originally used by Sugahara (2013) to extend the survey of accounting academics in Japan, to accounting academics in Australia. The questionnaire administered in this research asked their overall perceptions regarding the convergence of accounting education and associated contextual factors. Findings Findings reveal some similarities and differences across contextual factors that influence academic perceptions about global convergence. Further the authors identify a link between academic position and respondent views of global convergence. Originality/value The findings of this cross-country study provide insights for the International Accounting Education Standards Boards (IAESB) about the views of a key stakeholder group, accounting academics. Further the authors recommend the development of a communications strategy that targets accounting academics, and better explains the work of the IAESB and the intended value of global convergence using IES.

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Section: Literature Reviewmentioning

confidence: 99%

Global convergence of accounting education

Sugahara

Watty

2016

ARA

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“…For example, if a professional firm is located near a political border should it be barred from providing services to a client on the other side of the border if this would make economic sense? This has been an issue under the Agreement on Internal Trade (1995) (Knox, ), concerning professional services across provincial borders, and the North American Free Trade Agreement (NAFTA), concerning professional services across national borders (Peek et al, ). The logic of the state (Canadian federalism, and more generally the logic of political sovereignty) has been a powerful constraint on the operations of the accounting profession throughout its history and continues to limit the structure of the profession.…”

Section: Waves Of Accounting Association Mergers In Canadian Historymentioning

confidence: 99%

Merging the Profession: A Historical Perspective on Accounting Association Mergers in Canada

Richardson

Kilfoyle

2012

Accounting Perspectives

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The history of creation of new professional accounting associations, mergers and proposed mergers among professional associations in Canada is reviewed through the lens of institutional theory to identify the conditions associated with major changes in the structure of the profession. Five waves of merger activity are identified between 1880 and 2010. These waves of mergers: (1) created isomorphism between the structure of accounting associations and the political structure of Canada, (2) differentiated associations to reflect the division of labour among accountants (primarily the separation of public and management accounting), (3) differentiated associations to reflect different educational paths into accounting (broadly conceived), and (4) consolidated the profession to facilitate the regulation of public accounting by the state. Contemporary issues affecting the structure of the profession are also identified including the globalization of accounting credentials. The historical waves of merger activity are argued to be an enactment of state and market institutional logics. These factors are compared with justifications/rationales and proposals for the merger of the accounting profession under the Chartered Professional Accountant, CPA, designation. The merger proposal would create a hybrid organization that retains within it historical institutional patterns. Issues concerning the stability of hybrid organizations in the literature are identified.

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“…The more demanding requirements to obtain and maintain the CPC designation contribute to a better-qualified accounting profession and help to instill greater user confidence in the financial statements that these accountants prepare and audit. The CPC designation is considered equivalent to the U.S. and Canadian licenses, according to the Professional Mutual Recognition Agreement signed in 2002 pursuant to the North American Free Trade Agreement (Peek et al 2007); thus, Mexican accountants who obtain the CPC credential may practice accountancy in the United States and Canada, after passing an exam on national standards and tax legislation.…”

Section: Mexico's Certified Public Accountant Designationmentioning

confidence: 99%

“…The CPC designation brings several benefits for Mexico, its accounting profession, and its business environment. The years-long process of strengthening the credential generated efforts to create a standardized (and upgraded) accounting curriculum for Mexico's universities, thus strengthening the overall quality of the Mexican accounting profession (Peek et al 2007). The international recognition brought added prestige to the Mexican accounting profession; over the long run, this should attract more qualified individuals to the profession.…”

Section: Mexico's Certified Public Accountant Designationmentioning

confidence: 99%

“…For example, the North American Free Trade Agreement contained an article obligating the signatories to work toward mutual recognition of professional licenses and certifications. There is nearly identical language in the Dominican Republic-Central America Free Trade Agreement among Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States (Peek et al 2007).…”

Section: Drivers Of Reform In Lac Accounting and Auditingmentioning

confidence: 99%

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Accounting for Growth in Latin America and the Caribbean

Fortin¹,

Barros²,

Cutler³

2009

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All rights reserved 1 2 3 4 13 12 11 10 This volume is a product of the staff of the International Bank for Reconstruction and Development/The World Bank. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgement on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.

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NAFTA Professional Mutual Recognition Agreements: Comparative Analysis of Accountancy Certification and Licensure

Cited by 4 publications

References 1 publication

Global convergence of accounting education

Global convergence of accounting education

Merging the Profession: A Historical Perspective on Accounting Association Mergers in Canada

Accounting for Growth in Latin America and the Caribbean

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