International Finance and Accounting Handbook

15 • 7

Mexico

Contador Publico (Public

Regulatory law; The Mexican

A license is granted by the

The academic requirements

Accountant); Comisario

Institute of Public

Secretary of Public Education

are set forth in the law.

(statutory auditor);

Accountants; and the

after the applicant has com-

Continuing professional edu-

Licenciado en Contaduna

Secretary of Public Education

pleted the academic require-

cation is required for the

(B.S. in Accounting);

ments set forth in the law. To

members of the Societies of

Contador Publico Certificado

be a member of one of the

Public Accountants.

Since

(Certified Public Accountant)

Societies of Public

1999, optional certification

Accountants, the applicant

by the Mexican Institute of

must: (1) hold the profes-

Public Accountants.

sional title of PublicAccountant; (2)

be recom-

mended by two members ofthe society; and

(3)

be ap-

proved by the membershipcommittee.

United States

Certified Public Accountant

American Institute of

To obtain the title of CPA, the

A minimum number of hours

(CPA)

Certified Public Accountants

applicant must have com-

of education at an accredited

(AICPA)

pleted a minimum number of

college or university (usually

hours of education at an ac-

four years at present but be-

credited college or university

coming five years in most

and work experience (as es-

states by the year 2002) and

tablished by the state where

continuing professional edu-

the applicant wishes to be li-

cation requirements (as es-

censed) and pass the uniform

tablished by the state where

CPA examination, which is

the applicant is licensed).

given nationwide under thedirection of the AICPA.

Exhibit 15.1.

The Auditor.