The American Institute of CPAs and two Brazilian accounting organizations have signed a two-year agreement paving the way for the CPA Exam to be offered in South America next year.

Craig Mills

The AICPA signed a memorandum of understanding this week with the Conselho Federal de Contabilidade, or Federal Accounting Council, and the Fundação Brasileira de Contabilidade, or Brazilian Accounting Foundation. The agreement will allow them to begin discussions on several initiatives, including the creation of working groups to launch and administer the CPA Exam in Brazil and implement a Portuguese-language IFRS training program in Brazil.

“Whether it is in the preparation of high-quality financial reports or the auditing of companies’ books, individuals, organizations, and governments across the world rely upon the work of the accounting profession,” said AICPA vice president of examinations and continuing professional education Craig Mills. “In Brazil, the accounting profession is rapidly becoming more influential as the country becomes more important globally. The AICPA is pleased to have the opportunity to work with CFC and FBC as that influence continues to grow.”

The AICPA, along with the National Association of State Boards of Accountancy and Prometric, recently announced plans to launch the Uniform CPA Examination in Brazil, starting next February (see Brazil Latest Country to Host U.S. CPA Exam). Testing will be open to citizens and long-term residents of Brazil, Argentina, Venezuela, and Colombia. U.S. citizens living abroad are eligible to test at any location.