Recognition- MRA with IPA

MUTUAL RECOGNITION AGREEMENT  (MRA) BETWEEN INSTITUTE OF PUBLIC ACOUNTANTS (IPA) OF AUSTRALIA

The institute has signed a MRA with IPA Australia with reciprocal recognition: of membership status. This means that associates of the ICIA with recognized tertiary qualifications in accounting are eligible to be admitted as an Associate member of the IPA (AIPA). In addition Certified members of the ICIA (deemed to be the equivalent of an Australian Bachelors degree), having completed all the required ICIA professional exams and the required 3 years’ Practical Training with an approved training organization are eligible to be admitted as a full member (MIPA) of the IPA.

These two grade of IPA member allows members to enter Public Practice in Australia after taking the bridging exams for tax and company law of Australia and complying with the professional evaluation requirements.  Fellow members of the ICIA are eligible to be admitted as a Fellow member (FIPA) of the IPA.

On the other hand, MIPA members of the IPA having completed all the required IPA professional exams and the required 3 years’ Practical Training with an approved training organization are eligible to be admitted as a Certified member of the ICIA.  Fellow (FIPA) members of the IPA having completed all the required IPA professional exams and the required 3 years’ Practical Training with an approved training organization are eligible to be admitted as a Fellow member of the ICIA.

ICIA members taking up IPA membership under the MRA above are eligible for discounted IPA subscriptions which can be substantial. IPA is a full IFAC member body. For more information please contact the membership chairman at members@icia.asia