2009 ASEAN Mutual Recognition Arrangement Framework on Accountancy Services

MRA on Accountancy Services

• ASEAN Documents
  • ASEAN Economic Community
    • ASEAN Economic Ministers
    • ASEAN Free Trade Area
    • Services

Article VII ‘Dispute Settlement’:

“7.1 ASEAN Member States shall at all times endeavour to agree on the interpretation and application of this MRA Framework and shall make every attempt through communication, dialogue, consultation and cooperation to arrive at a mutually satisfactory resolution of any matter that might affect the implementation of this MRA Framework.

7.2 The provisions of the ASEAN Protocol on Enhanced Dispute Settlement Mechanism, done at Vientiane, Lao PDR on the 29 November 2004, shall apply to disputes concerning the interpretation, implementation, and/or application of any of the provisions under this MRA Framework.”

This Arrangement is one of the ‘Covered Agreements’ pursuant to Article 1.1 of the 2019 ASEAN Protocol on Enhanced Dispute Settlement Mechanism read together with its Appendix 1. The 2019 Protocol will only apply with respect to new requests for consultations made on or after its entry into force (20 June 2022).

Secretary-General of ASEAN

Appendix I – List of Professional Regulatory Authorities and National Accountancy Bodies

Appendix II – Sample Mutual Recognition Agreement on Accountancy Services

Appendix III – WTO Guidelines for Mutual Recognition Agreements or Arrangements in the Accountancy Sector

Annex – Article VII Recognition

ASEAN Secretariat

26/05/2009

Article VIII ‘Final Provisions’: “8.2 This MRA Framework shall enter into force 3 months after the date of signature by all ASEAN Member States.”

2014 ASEAN Mutual Recognition Arrangement on Accountancy Services implements this Agreement in accordance with Article V of the latter.

1998 ASEAN Framework Agreement on Mutual Recognition Arrangements

1995 ASEAN Framework Agreement on Services

1992 Agreement on the Common Effective Preferential Tariff Scheme for the ASEAN Free Trade Area

ASEAN Secretariat accessed on 29/09/2022

Note Article VIII ‘Final Provisions’:

“8.1 The terms and definitions and other provisions of the GATS and AFAS shall be referred and applied to matters arising under this MRA Framework for which no specific provision has been made under it.”

Note Article IV ‘Domestic Regulation’:

“4.1 Any bilateral or multilateral MRAs on Accountancy Services between or among ASEAN Member States shall not prejudice the rights, powers and authority of each ASEAN Member State and its NAB and/or PRA and other regulators of the profession to set and regulate the necessary Domestic Regulations.”