Canadian and Australian Chartered Accountants
U.S. CPA Reciprocity (or IQEX) Exam

	97% first time pass rate in 1999
	Instruction by Canada's only U.S. CPA instructor appointed to the AICPA's International Qualifications Appraisal Board
	Pass Guarantee
	Course designed for Chartered Accountants working in either public practice or industry
	No advance preparation required
	Personal pre-exam counselling
	Practice exam questions and solutions are provided
	Small classes / personal attention
	Covers material specific to U.S. CPA Reciprocity Exam

Exam Description: The U.S. CPA Reciprocity Exam (or IQEX) is offered annually over a three-week period each November. It is a 4.5 hour, single-subject exam consisting of 150 multiple-choice questions on entry-level technical material. The IQEX exam may be written in nearly every major Canadian city and in select locations in the United States. More details about the exam. Try your hand at some sample IQEX questions.

This exam may only be written by Canadian and Australian Chartered Accountants. Other accountants should consider our 6-Day Program.

IAS Advantage: Our Instructor, Jim Knafo was one of the first Canadian CAs to qualify for a U.S. CPA designation through reciprocity. Since that time, and even before the establishment of the IQEX, Mr. Knafo has been active in promoting the recognition and popularity of reciprocity on both sides of the border. In 1998, in recognition of his unique expertise and qualifications, Olivia F. Kirtley, Chair of the American Institute of Certified Public Accountants (AICPA) Board of Directors, appointed Mr. Knafo to the AICPA's International Qualifications Appraisal Board (IQAB). Mr. Knafo is the only Canadian on the IQAB. The Board works cooperatively with NASBA, the governing body which administers the IQEX exam, to identify the differences between the qualification requirements of professional accountants in the United States and those of other countries, including Canada. The intent of the IQEX is to examine on the differences between the accounting and auditing practices of Canada and those of the United States.

Mr. Knafo has tailored these programs to cover the exam syllabus in an effective and efficient manner. His preparation has afforded these programs the highest pass rate of any IQEX prep course in Canada.

5-Day IQEX Program: Our 5-day comprehensive program for the 2000 IQEX exam focuses on all six areas of the syllabus and provides extra attention to those areas generally unfamiliar to Canadian CAs, such as U.S. accounting and auditing standards, business law, and taxation. To compliment our presentations, we will review hundreds of practice exam questions and exam-writing techniques during the course to ensure you pass your exam the first time!

3-Day IQEX Program: Our 3-day intensive program is available for CAs who do not require a review of the basic fundamentals of auditing and financial accounting. This 3-day program covers 70 to 80% of the IQEX exam content, namely law, fund and not-for-profit accounting, taxation and professional ethics. Participants who attend the 3-day program will receive complete IAS Study Binders, thus allowing them to review auditing and financial accounting course material on their own.

Both Programs: In addition to the highly acclaimed IAS Study Binders, participants in both courses receive supplementary textbooks, exam-writing techniques and study plan guidance, along with more than 2,500 practice exam questions and solutions covering all of the examinable topics on the 2000 IQEX. Participants need not purchase any additional exam preparation materials.

Both programs run from 8:15 am to 5:45 pm each day. See program schedule.

3 & 5-Day Program Locations and Dates

* Accommodation: A limited number of rooms are available, through IAS, at student residences for these program dates. This subsidized accommodation is priced well below comparable hotel rates and is located within walking distance of the seminars. Further information will be forwarded upon registration. For those program dates when subsidized accommodation is not available, reasonably priced hotels are located within walking distance of the seminar.

Course Instructor: The instructor for these programs is Mr. Jim Knafo. Mr. Knafo's evaluations as an instructor are consistently excellent.

In each of the last four years, more than 90% of the candidates who have taken our IQEX preparatory program have passed the U.S. CPA Reciprocity Exam on their first attempt! Our cumulative pass rate throughout this period is approaching 95%.

Time Commitment: To ensure success on your first attempt, it is recommended that participants plan on spending approximately 100 hours preparing for the exam after completing our course. During the course, we will provide you with detailed guidance on preparing an effective study plan. As well up until the day before your exam, Mr. Knafo is available to you, through our toll-free number, for personal pre-exam counselling and to answer any of your questions.

Cost: The cost of the 3-Day IQEX Program is $1,750 CDN (GST included). The 5-Day IQEX Program is $1,900 CDN (GST included). However, if you register soon, you may be eligible for our early bird discount. A Canadian income tax receipt will be provided. The cost of this course includes all required study materials.

Our Service Guarantee: Our programs provide the comprehensive service that busy professionals have come to expect from IAS. Our programs are more than just a prep course. We help our participants through every stage of the exam process: before, during and after the course. We're with you every step of the way!

IQEX Exam Registration: IAS will mail complimentary exam application materials to all participants. Alternatively, participants can download their application materials from our web site. The application deadline for the IQEX has been tentatively set for September 1, 2000.

Certify as a U.S. CPA: Successfully passing the IQEX exam allows you to be granted a U.S. CPA certificate from any of the U.S. jurisdictions that currently recognize the IQEX. IAS will mail complimentary certification applications to all successful exam candidates. In some jurisdictions, e.g. Illinois, no further practical experience, additional exams or annual dues are required to maintain a CPA certificate or U.S. CPA designation.