Your Pathway to becoming a US CPA
IQEX allows internationally trained accountants to attain US CPA accreditation without sitting the CPA exam. The USCPA-NOW Comprehensive International Qualifying Examination (IQEX) program is appropriate for Canadian CPAs; Scottish, South African Irish, Mexican, New Zealand and Australian CAs; Australian, Irish and Hong Kong CPAs. For eligibility criteria please click here »
The USCPA-NOW Program is the only course that is targeted to professionals who did not study U.S. Tax and Law as undergraduates
How many thousands of hours did it take you to earn your CA or CPA Canada designation?
Now you can add a U.S. CPA to your credentials by simply investing in the USCPA-NOW Comprehensive IQEX Program. This is an online study course though students can download pdfs for each section if they wish to review offline. Tests and simulations are available online and include over one thousand practice questions and detailed solutions, and reasonable email/telephone support from course developer Henry Zimmer. All of this will suffice as a stand-alone home-study program. We also plan to introduce some optional study group sessions when with the release of the 2022/23 version of the class.
After completing an initial review of the material, you only need to commit about 75 hours of study.
All profits from the sale of our USCPA-Now class go towards CAW Network USA member activities.
Combined Paper and Online Course USCPA-NOW
- Proven Exam Preparation – 20 years’ experience
- 90% Success Rate – with this course content
- Question-based Learning – IQEX style questions
- Up to date content – in line with CPA Exam blueprint
- Online Support – with course author Henry Zimmer
- Notes Function – create your own printable flash cards
- Self-paced – track your hours with detailed reporting
- Works on all devices – PC, Laptop, mobile
- Ability to print pdfs – of course material for each section if required
- Detailed Quiz Analytics – Watch yourself improve
- Associate membership – In buying the course you are eligible for 1 year’s associate membership, a $50 value
- Study Groups – Optional study groups will be offered with the updated 2022 course (July 2022)
- CAW Network USA – A non-profit dedicated to the education of accountants, all monies support member related activities
Get your US CPA NOW
with this online IQEX
IQEX is borne from reciprocity agreements with Chartered Accountant Institutes/ other institutes in several Commonwealth and other countries to provide a fast-track program leading to the US CPA through a special International Qualifying Examination, abbreviated as IQEX.
This course presents the material in a manner you will understand fully following your initial run through. The key to success is to grasp the important concepts rather than memorize rules. Complete all of the suggested multiple-choice questions and practice simulations at least twice. The more questions you review the higher your grade.
I am happy with the outcome and the content of the course, especially how “brief” it is in providing the necessary knowledge point without overloading candidates with information.
Excellent course. Notes and suggestions regarding how much study time to allocate per topic were invaluable. Complex areas were explained clearly.
The course did a great job focusing on the important areas. Without its help, I never would have scored 95%!
The Chartered Accountants Worldwide Network USA Comprehensive IQEX Program provided a concise and efficient process for my exam preparation. The multiple-choice questions and task-based simulations reinforced the information contained in the text material. The course was designed to focus on what is really important to learn and helped me avoid over-studying.
I completed the entire program in under 3 weeks. I was able to review the practice questions several times. My grade was 89%
Many, many thanks!
While there are many courses available to prepare for the CPA, there are very limited options for IQEX. The CPA-NOW course was an excellent choice. The study materials focused on the key requirements and the notes were compiled in a manner that made the information easy to understand and retain. This made the CPA-NOW course both an effective and efficient way to prepare and successfully pass IQEX.
After a first read through the materials, then reading through them again while starting to answer the sample questions, I came to appreciate the method behind Henry’s approach. YOU REALLY DON’T HAVE TO KNOW EVERYTHING IN THE TOPICAL AREAS COVERED BY THE IQEX! Henry’s notes focus on what you need to know – that’s it. I can’t even imagine how many hours his materials saved me, but as a sole practitioner I can sure appreciate it.
The CPA-NOW IQEX training materials were an efficient way to learn what is needed to pass the IQEX. The guidance provided great direction on where I should focus my time, which was key due to my incredibly busy schedule. Without these materials I would have certainly been lost.
FREQUENTLY ASKED QUESTIONS
US CPA NOW frequently asked questions
Eligibility criteria are explained here.
The IQEX examination is now offered throughout the year at Prometric Centers in major Canadian and U.S. cities. Detailed information is included in the USCPA-NOW course material. You may visit the Prometric website at http://www.prometric.com/cpa. The exam requires you to book a 4.5 hour time slot. The first half hour is for orientation and the exam itself is 4 hours.
You should access the NASBA (National Association of State Boards of Accountancy) website at http://www.nasba.org/ and review the material on IQEX. The USCPA-NOW study materials include a summary of the major points. However, before you register with USCPA-NOW, there are a few things you must know.
- You may print a copy of the IQEX application form from the NASBA website and complete it manually. The fee to write IQEX is $835 U.S. payable by Mastercard, Visa or Discover and is to be mailed with your application.
- If a CPA Canada member, you must arrange for a Letter of Good Standing to be sent directly to NASBA by your Provincial Institute. NASBA must receive it before you are granted permission to schedule your examination. To be eligible to write IQEX, your CPA experience requirement must have been completed. There are no longer any exceptions since the exam is offered throughout the year. A Notice to Schedule is open for six calendar months. If a member of a Chartered Accounting institute with a Mutual Recognition Agreement in place with NASBA/AICPA, then it is likely similar will be required from your home institute. Check exact requirements with your home institute and / or NASBA.
- The earlier you apply (and your Letter of Good Standing is submitted) the greater your chances are of securing the testing date and location you desire. Testing is administered at Prometric Centers in Canada and the U.S. A list of testing locations can be found at http://www.prometric.com/cpa. Effective July 1, 2020, the IQEX examination is now offered throughout the year.Please be aware that each Prometric Center has a limited number of computers and they administer many different kinds of tests (eg. LSAT, MCAT etc.) simultaneously.
The estimated target release date is based on the following factors: the day you took your test by, and when the AICPA receives examination data files from Prometric, Usually, you can expect to receive your grade within two to three weeks after you have written the exam.
IQEX is accepted by 45 states and The District of Columbia. The following 5 states do not accept IQEX:
- Rhode Island
Unless you have a compelling reason to join a particular State Board, it is recommended that you apply to the state of Illinois or the state of Arizona. Further information will be provided with your course materials.
Although you may refer to yourself as a U.S. CPA, in most jurisdictions a license to sign audit reports is not granted automatically. Such license is also not granted by simply passing the full Uniform Exam in the U.S. Various states impose additional education and/or experience requirements for those CPAs seeking permission to sign audit reports. The NASBA website www.nasba.org lists all the individual State Boards along with contact information.
If you want to prepare U.S. tax returns, it is recommended that you enroll in the online tax course that is offered at www.theincometaxschool.com There are two components, the first covering personal tax and the second dealing with corporations and partnerships. Both components offer many hours of verifiable Continuing Professional Education.
Passing the IQEX Exam and becoming a U.S. CPA automatically fulfills the recently implemented IRS tax preparer requirements. U.S. CPAs in Canada may obtain a Preparer Tax Identification Number (PTIN) and are exempt from the ongoing testing and continuing education requirements. A U.S. Social Security Number is not required.
Candidates initially have a year’s access to the IQEX material, however if more time is required they can request this. We will also give access to latest updates and course material if required at an admin cost of $25. Contact [email protected] to request an extension of your access. We want you to be successful and understand you may need more time to study.
QUALIFYING FOR IQEX
CHECK YOUR ELIGIBILITY FOR IQEX
NASBA (National Association of State Boards of Accountancy) has established Mutual Recognition Agreements (MRAs) with the following countries that enable you to qualify for the IQEX:
> CPA Australia
> Chartered Accountants Australia and New Zealand (CAANZ)
> CPA Canada (CPAC)
> Hong Kong Institute of Certified Public Accountants (HKICPA)
> Chartered Accountants Ireland (CAI)
> Instituto Mexicano de Contadores Publicos (IMCP)
> Institute of Chartered Accountants of Scotland (ICAS)
> South African Institute of Chartered Accountants
> CPA Ireland
Please note that, if you ultimately are considering joining a particular state board, do NOT look at that state’s education or practical experience requirements. When you pass IQEX, you are automatically assumed to have met any state board requirements and you will not be asked to substantiate either your prior education or experience.
MEET THE AUTHOR: HENRY ZIMMER
Hello, my name is Henry Zimmer and I have been preparing people for the USPCA-NOW course for the past 20 years.
By way of background, I was born in New York City but moved to Montreal, Canada at the age of 12. I received a degree with honors in English from McGill University and then lost my way, entering the Canadian CA program, receiving my designation in 1967. While it may seem an incongruous combination, the communication skills that I learned early on have served me well over the last 50 plus years. I became a tax specialist, wrote 15 books on taxation and investment; some texts and several for the general public that became national bestsellers.
I want to wish you success in your endeavors to obtain a US CPA and I hope you will enjoy the benefits of continuing professional and personal achievements in the future. Thank you and good luck.
About CAW Network USA
CAW Network USA is a non-profit organization dedicated to supporting qualified accountants from fifteen Chartered Institutes with members who reside in the U.S.
Our mission is to facilitate the professional success of our members, promote the business community’s recognition of, and respect for, these professionals while focusing on networking and education opportunities.