Notes on the accreditation of CPAs

THERE are over 6,100 CPAs accredited in public practice with the Board of Accountancy (BOA) as of June 2016.

The list of accredited CPAs are posted in the BOA web site (http://boa.com.ph/accprac/) so the public can check their names before engaging their services.

Below are the procedural steps currently observed by the Professional Regulations Commission (PRC) in the accreditation of CPAs in public practice and the issuance of the certificate therefor.

The steps presented above appears to be a long and maybe tedious process.

The Board of Accountancy is working with the PRC to expedite and streamline the process.  Changes that are forthcoming are the simplification of requirements, the online application, submission of requirements,  and verification of CPD completion of requirements and others.

Aside from the CPAs in public practice, the CPAs in education, commerce and industry, and CPA partners and professional staff of auditing and accounting firms and partnerships are all required to be accredited
with the BOA.

Is there a prospect that these CPAs need not anymore undergo this accreditation process having already acquired their CPA license? Perhaps.

 Hon. Concordio Quisaot is a member of the Board of Accountancy, tasked with the oversight in the accreditation of CPAs.

He has a consulting and auditing practice in Cebu and has  electric cooperatives among
his clients. This column accepts contributions from accountants, especially articles that are of interest to the accountancy profession, in particular, and to the business community, in general.

These can be e-mailed to boa.secretariat.@gmail.com

source:  Business Mirror