In recent times, there has been significant questioning as to the fairness of the IQEX rules^{[citation needed]} as applied to Australian Certified Practising Accountants.

Many accuse that the rule of requiring a Bachelor's Degree from the country in which the CPA is a member of limits CPAs who obtained their Bachelor's from countries such as Hong Kong, India, and China from qualifying for IQEX. These people allege that as members of their respective CPA boards, it should not matter where the Bachelor's degree was obtained. A CPA from Australia is simply a CPA from Australia whether or not he did his Bachelor's in India, Hong Kong, or Australia. They allege that there is little justification for such a measure, and it is merely designed to deter them from obtaining a U.S. CPA."

http://en.wikipedia.org/wiki/International_Qualification_Exa mination

caper wrote: CPA Australia is the inferior accounting designation, The Australian CA is 10x harder than the CPA US.

I'm curious as to what you're basing this on.  It may be true, but I have a hard time believing that any country has more complicated rules to learn than US GAAP.  >.>