Many accounting firms have international ties, as accountants seek to compete in foreign markets and provide services for multinational clients. Our most recent review of the accounting services industry found that while the United States has a trade deficit in accounting services, we have also seen slow but steady growth in U.S. exports of accounting services over the last decade.

We have also noted a host of barriers that can impact accountants and accounting firms overseas, as well as opportunities for accountants to practice in other countries or regions via mutual recognition agreements. Accountants looking to practice overseas may face barriers, including nationality and residency requirements, restrictive visa rules, and lack of recognition of past experience in obtaining a foreign credential.