Section 280-5-5 - APPLICANTS HOLDING CREDENTIALS FROM ANOTHER COUNTRYA. The Board recognizes the existence of the International Qualifications Appraisal Board (IQAB), a joint body of NASBA and the AICPA, which is charged with: 1. Evaluating the professional credentialing process of certified public accountants, or their equivalents, of countries other than the United States; and2. Negotiating principles of reciprocity agreements with the appropriate professional and/or governmental bodies of other countries seeking recognition as having requirements substantially equivalent to United States' requirements for the certificate of a certified public accountant.B. The Board shall give consideration to the terms of all principles of Mutual Recognition Agreements (MRA) established by IQAB. The Board may issue a license to an individual holding an active license from another country with which IQAB has established a MRA.