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Accountancy Slice
North America
North American accounting bodies renew cross-border recognition agreement

Leaders from accounting organizations in the U.S., Canada, and Mexico have renewed a memorandum of understanding to facilitate cross-border practice for accountants until December 31, 2028. This extension of the Mutual Recognition Agreement, originally signed in 2017, aims to streamline the process for accountants to work internationally with fewer administrative barriers. Jim Knafo, the AICPA's director of global alliances, said: "This agreement protects the cross-border practice of U.S. CPAs and their counterparts in Canada and Mexico." Daniel Dustin, president and CEO of the National Association of State Boards of Accountancy, emphasized the importance of maintaining strong standards while allowing qualified professionals to practice across borders. More details on international mutual recognition agreements can be found on NASBA's resource page.

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