1. (1) The Board recognizes the International Qualifications Appraisal Board (IQAB), a joint body of NASBA and AICPA. IQAB is charged with:

   1. (a) Evaluation of the foreign credential equivalency and professional credentialing process of certified public accounts or their equivalents in countries other than the United States; and
   2. (b) Negotiating principles of Mutual Recognition Agreements (MRAs) with the appropriate professional and/or governmental bodies of other countries seeking recognition as having requirements substantially equivalent to requirements in the United States to qualify for and receive the license of certified public accountant in a NASBA jurisdiction.
2. (2) The Board shall honor the principles of MRAs issued by IQAB.

3. (3) An applicant for a certified public accountant license in Oregon who holds a license, credential or degree issued by a foreign country that may fall under the provisions of an MRA recognized by the Board must apply directly to NASBA for a determination of eligibility under the potentially applicable MRA. The applicant must meet the following additional requirements:

   1. (a) Submit a completed application for initial licensure to the Board with payment of the applicable fee.
   2. (b) Supply a certification from NASBA together with the application for initial licensure that the applicant has met applicable provisions of an MRA recognized by the Board, including but not limited to passage of the IQEX (if required under the MRA), and any restrictions on practice in the United States.
      
      (c) Complete and pass an initial licensure ethics exam that has been adopted by the Board.

4. (4) An applicant for a certified public accountant license in Oregon who holds a license, credential or degree issued by a foreign country that is claimed to be comparable to a license issued by the Board, or an applicant who holds a certificate or license issued by the licensing body of any state or US Territory that is based upon the certificate, credential or degree granted by a foreign country that is not recognized under any IQAB Mutual Recognition Agreement is required to meet the following requirements:

   1. (a) Satisfy the educational requirement under ORS 673.050 for admission to the CPA exam;
   2. (b) Pass all sections of the CPA exam required by ORS 673.060;
   3. (c) Complete the experience requirement under ORS 673.040, ORS 673.100 and OAR 801-010-0065; and
   4. (d) Complete and pass an ethics exam that has been adopted by the Board.

Statutory/Other Authority

ORS 673.410

Statutes/Other Implemented

ORS 673.040 & 673.060

History

BOA 1-2026, amend filed 01/29/2026, effective 02/01/2026
BOA 3-2023, amend filed 09/29/2023, effective 10/01/2023
BOA 1-2019, amend filed 12/19/2019, effective 01/01/2020
BOA 1-2014, f. 2-14-14, cert. ef. 3-1-14
BOA 3-2011, f. 12-28-11, cert. ef. 1-1-12
BOA 4-2004, f. 12-30-04, cert. ef. 1-1-05
BOA 4-2003, f. 12-23-03 cert. ef. 1-1-04
BOA 3-2002, f. 12-27-02, cert. ef. 1-1-03
BOA 4-2001, f. 12-28-01, cert. ef. 1-1-02
BOA 6-1999, f. 12-21-99, cert. ef. 1-1-00
BOA 6-1998, f. & cert. ef. 7-29-98
AB 5-1995, f. & cert. ef. 8-22-95
AB 4-1994, f. & cert. ef. 9-27-94
AB 1-1994, f. & cert. ef. 1-21-94
1AB 2-1986, f. & ef. 10-15-86