Practical Experience. 7.1 The Parties acknowledge that the practical experience requirements of each Party shall be in accordance with the spirit of the International Education Standard on Practical Experience as published by the International Federation of Accountants ("IFAC"). 7.2 Notwithstanding clause 7.1, each Party shall retain its right to refuse admission of members of the other Party who do not meet the practical experience requirements established under any laws applicable to that Party.
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Samples: Asean Mutual Recognition Arrangement Framework on Accountancy Services, Asean Mutual Recognition Arrangement Framework on Accountancy Services, Asean Mutual Recognition Arrangement on Accountancy Services
