National Association of State Boards of Accountancy and American Institute of CPAs, through the U.S. International Qualifications Appraisal Board, have renewed a Mutual Recognition Agreement with the South African Institute of Chartered Accountants to support cross-border practice between the two countries.
The agreement, signed in late January, builds on a prior MRA established in 2019 and extends through June 30, 2031. It is designed to facilitate professional mobility for qualified accountants between the United States and South Africa.
Daniel J. Dustin, president and CEO of NASBA, emphasized the strength of the relationship between the organizations. “Our relationship with SAICA is built on trust and shared expectations for the profession,” said Dustin. “This renewal strengthens that foundation and reflects the consistency between our countries’ regulatory systems. It also makes it easier for qualified professionals to navigate opportunities between our countries while maintaining the standards each of our organizations expects.”
Patricia Stock, CEO of SAICA, highlighted the global positioning of members under the agreement. “By renewing this partnership with NASBA and the AICPA, we are ensuring our members remain at the forefront of the global accounting profession while continuing to maintain the integrity, quality, and brand of the profession in South Africa,” said Stock.
Jim Knafo, director of global alliances at the AICPA, added that the agreement reinforces long-standing collaboration. “This renewal builds on our strong and trusted partnership with SAICA,” said Knafo. “We’re reinforcing our commitment to supporting cross-border opportunities for accounting professionals in both the U.S. and South Africa.”
