2009 ASEAN Mutual Recognition Arrangement Framework on Accountancy Services

Summary Information
Download
Full Title	2009 ASEAN Mutual Recognition Arrangement Framework on Accountancy Services
Short Title / Abbreviations	MRA on Accountancy Services
CIL Subject Classification	ASEAN Documents ASEAN Economic Community ASEAN Economic Ministers ASEAN Free Trade Area Services
Date of Adoption	26/02/2009
Place of Adoption	Cha-am, Thailand, 14th ASEAN Summit
Issued/Adopted by	Economic Ministers of ASEAN
Dispute settlement provisions	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).
Depository	Secretary-General of ASEAN
Annexes	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
Entry Into Force Status	In Force
Source	ASEAN Secretariat
Date of Entry into Force	26/05/2009
Entry into Force / Termination Provisions	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.”
Status
ASEAN States	(Source: ASEAN Legal Secretariat as of 29/09/2022)
Brunei Darussalam	Signature 26/02/2009
Cambodia	Signature 26/02/2009
Indonesia	Signature 26/02/2009
Lao PDR	Signature 26/02/2009
Malaysia	Signature 26/02/2009
Myanmar	Signature 26/02/2009
Philippines	Signature 26/02/2009
Singapore	Signature 26/02/2009
Thailand	Signature 26/02/2009
Vietnam	Signature 26/02/2009
Related Instruments
Protocols / Amendments to this instrument	2014 ASEAN Mutual Recognition Arrangement on Accountancy Services implements this Agreement in accordance with Article V of the latter.
This instrument amends/supersedes	1998 ASEAN Framework Agreement on Mutual Recognition Arrangements
Related Instruments	1995 ASEAN Framework Agreement on Services 1992 Agreement on the Common Effective Preferential Tariff Scheme for the ASEAN Free Trade Area
External Links	ASEAN Secretariat accessed on 29/09/2022
Additional Information	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.”