“The U.S. CPA complements other credentials and degrees and demonstrates a professional has the accounting and business skills relevant to working in a global economy,” said Mike Decker, the AICPA’s vice president of CPA examination and pipeline. “Allowing CPA candidates to take the Exam locally in the Philippines helps reduce costs and travel time to testing centers outside the country.”

The AICPA and the Philippines Institute of CPAs agreed in April to work together to share continuing professional education (CPE) courses and access to conferences and live events.

“NASBA is excited to expand the international administration of the U.S. CPA Examination to the Philippines. We hope this expansion will result in greater interest in the accounting profession and greater flexibility for testing among international CPA Exam candidates,” said NASBA Executive Vice President and Chief Operating Officer Colleen K. Conrad, CPA.

A new version of the U.S. CPA Exam, consisting of three core sections and one selectable discipline section, debuted earlier this year. The core sections are Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), and Taxation and Regulation (REG). The choices for discipline sections are Business Analysis and Reporting (BAR), Information Systems and Control (ISC), and Tax Compliance and Planning (TCP).

Besides passing the CPA Exam, candidates must meet education and experience requirements, as well as any additional steps required by their home jurisdictions.

To learn more about the CPA Exam, please visit the AICPA’s information page. More information on the international availability of the Exam can be found on NASBA’s site.