Mutual Recognition Agreements (MRA)

In May 2000, The Hong Kong Institute of Certified Public Accountants (formerly Hong Kong Society of Accountants) signed mutual recognition agreements (MRAs) with CPA Australia and The Association of Chartered Certified Accountants. The MRAs enable the Institute's members who have completed the CPA Qualification Programme (CPA QP) to apply for membership of the respective bodies.

With the aim of bringing uniformity and consistency to future standard of admission to HKICPA membership, we have given notice to discontinue the above recognition arrangements with effect from 30 June 2005 .

The Institute shall continue to honour applications from members of ACCA and CPA Australia in respect of any of them who passed all of their requisite examinations held on or prior to 30 June 2005 and 31 December 2005 respectively, provided that practical experience obtained after that date necessary for the purpose of admission to HKICPA membership has been achieved with an employer or supervisor registered under the HKICPA AE/AS scheme.

With regards to future arrangements, the Institute would like to start exploring with them what those arrangements may be on the assumption that the bodies will be interested in pursuing the possibility of working towards a mutually agreeable scheme of recognition.