This is a past event. Registration is closed. View other Philippine Institute of Certified Public Accountants events.
Section 32 of Republic Act (RA) No. 9298(The Philippine Accountancy Act of 2004) provides that all certified public accountants (CPAs) shall abide by the requirements, rules and regulations on continuing professional education to be promulgated by the Board of Accountancy (BOA), subject to approval of the Professional Regulation Commission (PRC).
Annex C of the implementing Rules and Regulations of RA No. 9298 provides that the total CPE credit units is 60 to be earned over a period of three years, provided that a minimum of credit units is earned each year.
Similarly, the International Education Standard No. 7 of the International Federation of Accountants defines continuing professional development as "learning and development that develops and maintains capabilities to enable the professional accounts to perform their roles competently" and education as the :"systematic process aimed at acquiring and developing knowledge, skills and other capabilities within individuals and such process is typically but not exclusively conducted in academic environments.
Moreover, Section 31 of RA No. 9298 provides that CPAs, firms, and partnerships engaged in the practice of public accountancy shall have the necessary accreditation renewable for the period of three years.
The accreditation for public accountancy and accounting education shall be for a period of three years and in case of failure to renew the same on the expiration date will entail the payment of surcharges at an amount prescribed by the Board.
This seminar aims to assist CPAs in complying with the required number of accredited professional development/education. Moreover, this will cover one of the Thematic Areas of Professional Development which is commonly ignored by CPAs, namely, "Enabling Laws, Rules and Regulations". Specifically, this seminar will cover the provisions of the Philippine Accountancy Act and Implementing Rules and Regulations, applicable resolutions issued by the Professional Regulation Commission and the Board of Accountancy (or BOA updates), and other issuances pertaining to registration, licensing, and professional regulatory regimes (or accreditation requirements for CPAs).
