FAQs

  1. What are the eligibility requirements to write IQEX? Is there an articling requirement for CPAs?
  2. When is IQEX offered? How long is the exam?
  3. What is the cost of the exam? What is the application deadline?
  4. When will the grades be released?
  5. Which U.S. jurisdictions accept IQEX?
  6. To which state should I apply after I pass IQEX?
  7. After passing IQEX and joining a State Board, do I obtain all rights as a CPA?
  8. After passing IQEX, will I be able to prepare U.S. tax returns?
  9. What is your repeat policy if a participant fails the IQEX Exam?
  10. What is the difference between the paper-based course and the on-line course?

    What are the eligibility requirements to write IQEX? Is there an articling requirement for CPAs?

    Eligibility criteria are explained here.

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    When is IQEX offered? How long is the exam?

    The IQEX examination is now offered throughout the year at Prometric Centers in major Canadian and U.S. cities. Detailed information is included in the USCPA-NOW course material. You may visit the Prometric website at http://www.prometric.com/cpa. The exam requires you to book a 4.5 hour time slot. The first half hour is for orientation and the exam itself is 4 hours.

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    What is the cost of the exam? What is the application deadline?

    Please click on Examination Application Procedures and Deadlines.

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    When will the grades be released?

    The estimated target release date is based on the following factors: the day you took your test by, and when the AICPA receives examination data files from Prometric, Usually, you can expect to receive your grade within two to three weeks after you have written the exam.

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    Which U.S. jurisdictions accept IQEX?

    IQEX is accepted by 45 states and The District of Columbia. The following 5 states do not accept IQEX:

    • Alaska
    • Connecticut
    • Delaware
    • Hawaii
    • Rhode Island

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    To which state should I apply after I pass IQEX?

    Unless you have a compelling reason to join a particular State Board, it is recommended that you apply to the state of Illinois or the state of Arizona. Further information will be provided with your course materials.

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    After passing IQEX and joining a State Board, do I obtain all rights as a CPA?

    Although you may refer to yourself as a U.S. CPA, in most jurisdictions a license to sign audit reports is not granted automatically. Such license is also not granted by simply passing the full Uniform Exam in the U.S. Various states impose additional education and/or experience requirements for those CPAs seeking permission to sign audit reports. The NASBA website www.nasba.org lists all the individual State Boards along with contact information.

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    After passing IQEX, will I be able to prepare U.S. tax returns?

    If you are want to prepare U.S. tax returns, it is recommended that you enroll in the online tax course that is offered at www.theincometaxschool.com There are two components, the first covering personal tax and the second dealing with corporations and partnerships. Both components offer many hours of verifiable Continuing Professional Education.

    Passing the IQEX Exam and becoming a U.S. CPA automatically fulfills the recently implemented IRS tax preparer requirements. U.S. CPAs in Canada may obtain a Preparer Tax Identification Number (PTIN) and are exempt from the ongoing testing and continuing education requirements. A U.S. Social Security Number is not required.

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    What is your repeat policy if a participant fails the IQEX Exam?

    Unsuccessful IQEX writers may make an email request for an updated USCPA-NOW study binder if updated materials are required. A request for updated materials must be made within 60 days of receiving your notification from NASBA that you were unsuccessful. You will have to pay printing costs of $70 U.S. plus shipping.

    USCPA-NOW will respond and advise you of the shipping cost via USPS Priority Courier. USCPA-NOW must receive payment of $70 plus shipping costs by cheque before the materials are shipped. (If you reside in Canada, the cost is under $50. If you live in the U.S., it is around $15. Shipping to other countries should not exceed $100.)

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    What is the difference between the paper-based course and the on-line course?

    The paper-based course consists of 500+ letter size pages delivered in a 3 ring binder, available for those who prefer to study using pen and paper.

    The online course includes all the proven paper course content that has been significantly upgraded and modernized by applying the latest on-line learning techniques including:

    • Cutting edge technology including interactive elements and videos
    • Easy to read format, with key study points highlighted
    • Interactive tests imbedded within the content to reinforce learning
    • Trackable statistics / analytics so you can see how you are progressing
    • Desktop and mobile device friendly allowing you to access it on-line, anywhere, anytime
    • Users can take / retake sections multiple times
    • One click links to resources, including IRS forms and the AICPA blueprint
    • In-line note taking
    • Compatible with online accessibility tools (i.e. text to speech)
    • Up to the minute industry updates
    • The actual exam will be computer based and so studying / answering questions on-line helps prepare users for this experience

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