North American CPA Mobility Pact Extended to 2028

Agreement Renewal Boosts Cross-Border Practice

StudioX News Canada

March 12, 2026

Accounting bodies from the United States, Canada, and Mexico have renewed their tripartite Mutual Recognition Agreement (MRA), extending cross-border practice rights for CPAs through December 31, 2028. The memorandum of understanding (MoU) was signed by representatives from the U.S. International Qualifications Appraisal Board (for AICPA and NASBA), CPA Canada, and Mexico’s Instituto Mexicano de Contadores Públicos (IMCP) along with the Comité Mexicano para la Práctica Internacional de la Contaduría. This pact, originally established between the U.S. and Canada in 1991 and expanded to Mexico in 2002, streamlines administrative hurdles for eligible professionals in good standing.

Benefits for Professionals and Businesses

Qualified CPAs from the U.S. and Canada, as well as CPCs in Mexico, can now access practice privileges across North America with fewer procedural steps. AICPA Global Alliances Director Jim Knafo emphasized that the extension “protects cross-border practice and ensures businesses can tap the broadest range of qualified accounting specialists.” NASBA President Daniel Dustin highlighted the agreement’s role in upholding rigorous CPA standards while supporting international aspirations.

Implications for Canadian Firms

Canadian accountants gain enhanced mobility amid rising U.S.-Mexico trade under President Trump’s 2025 reelection policies, aiding Toronto-based firms with cross-border clients. CPA Canada noted the renewal strengthens global recognition once ratified by provincial bodies.

StudioX News Canada will track implementation impacts on Canadian media and PR enterprises reliant on financial compliance