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. 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.
I am not sure how I feel about the expansion of the AICPA adminstered CPA exam to countries abroad. I am not comfortable with the idea of these individual countries being able to certify accountants with the same credentials as the USA. Although the AICPA is planning on overseeing the testing process themselves, I believe that bringing the test abroad may leave it open to cheating methods that are better policed in the USA. If the AICPA can ensure that the same stringent security measures that are in place in the USA are brought and adhered to in these other countries, then this could turn out to be very beneficial to the US accounting world.