Tag Archives: CPA accreditation requirements

Philippines Many CPAs are searching for the PRC BOA documentary
requirements for the CPA accreditation This article shall provide
you at least the minimum requirements of the Board of Accountancy
in order for you to complete your documents This article shall !e
updated incases "here ne" amendments are implemented Belo" is
the chec#list
FOR ALL NEW BOA REGISTRANTS:
1. Three (3) copies of du! "cco#pished "$d $o%"ri&ed ('i%h %he re(uired
docu#e$%"r! s%"#p) BA)) For# No. *+. (s"#e "s pre,ious chec-is%)
+. Offici" receip% %o sho' p"!#e$% of %he re.is%r"%io$ fee. (A pho%ocop!/
"u%he$%ic"%ed 0! %he 1R) c"shier 'ho recei,ed such p"!#e$%/ #us% "cco#p"$!
BA)) For# No. *+). (s"#e "s pre,ious chec-is%)
3. O$e (1) shor% 0ro'$ e$,eope for %he )er%ific"%e of Re.is%r"%io$. (s"#e "s
pre,ious chec-is%)
2. 3ocu#e$%"r! s%"#p 'or%h T'e$%! 1esos (1+*.**) %o 0e "ffi4ed %o %he )er%ific"%e
of Re.is%r"%io$. (s"#e "s pre,ious chec-is%)
5. )er%ific"%io$ fro# %he Accredi%ed 1rofessio$" Or."$i&"%io$ %h"% %he "ppic"$%6s
is6"re " #e#0er6s i$ .ood s%"$di$.. ($e')
7. 1ho%o cop!6ies of %he respec%i,e upd"%ed 1R) professio$" I36s of %he si$.e
pr"c%i%io$er "$d " p"r%$ers of %he professio$" p"r%$erships #us% 0e "%%"ched %o %he
"ppic"%io$ for "ccredi%"%io$. (No. 5 i$ pre,ious chec-is%)
8. )er%ified cop! of %he )ode of Good Go,er$"$ce surrou$di$. %he pr"c%ice of %he
si$.e pr"c%i%io$er "$d %he professio$" p"r%$ership. (9ou #"! use %he )ode of Good
Go,er$"$ce prep"red 0! %he 1R) for Fiipi$o professio$"s. 1ro:for#" copies "re
","i"0e "% %he 1R) for " %o-e$ fee.) (No. 7 i$ pre,ious chec-is%)
;. S'or$ s%"%e#e$% 0! %he si$.e pr"c%i%io$er or %he )h"ir#"$ 6 #"$".i$. p"r%$er of
%he p"r%$ership s%"%i$./ "#o$. o%hers/ %h"% he "$d %he #e#0ers of %he fir# (o%her
)1As "$d $o$:)1As)/ "s %he c"se #"!0e: (1ro:for#" copies "re ","i"0e "% %he 1R)
for " %o-e$ fee.)
". h"d "% e"s% %hree (3) !e"rs of #e"$i$.fu e4perie$ce i$ %he scope of 'or- co,ered
i$ %he pr"c%ice of "ccou$%"$c! (de%"ied descrip%io$ of such 'or- e4perie$ce %o 0e
"%%"ched %o %he s'or$ s%"%e#e$%)< (No. ;" = ;0 i$ pre,ious chec-is%)
0. h"d " #e"$i$.fu p"r%icip"%io$ of %heir respec%i,e i$%er$" (u"i%! re,ie' process<
(No. 8" i$ pre,ious chec-is%)
c. h"d u$der.o$e "de(u"%e "$d effec%i,e %r"i$i$. (fro# or."$i&"%io$6s du! "ccredi%ed
0! %he 1R)6BOA) o$ "ccou$%i$. "$d "udi%i$. s%"$d"rds i$ effec% duri$. %he %i#e of
%heir "ppic"%io$ for re.is%r"%io$/ re"%ed "'s "$d %heir respec%i,e i#pe#e$%i$. rues
"$d re.u"%io$s/ %heir o'$ code of .ood .o,er$"$ce "$d o%her re"%ed docu#e$%s %h"%
"re re(uired i$ %he pr"c%ice of pu0ic "ccou$%"$c! %o e$sure professio$"/ e%hic" "$d
%ech$ic" s%"$d"rds/ prefer"0! suppor%ed 'i%h cer%ified copies of cer%ific"%e6s of
"%%e$d"$ce or "$! proof of #e"$i$.fu p"r%icip"%io$ "$d proof of "de(u"c! "$d
effec%i,e$ess of such %r"i$i$.< (No. 80 i$ pre,ious chec-is%)
d. "re " of .ood #or" ch"r"c%er< "$d/ (No/ >" i$ pre,ious chec-is%)
e. %he! h",e $o% 0ee$ fou$d .ui%! 0! " co#pe%e$% cour% "$d6or "d#i$is%r"%i,e 0od! of
"$! c"se i$,o,i$. #or" %urpi%ude "$d6or u$e%hic" pr"c%ices "$d %h"% $ei%her "$! of
%he# is " defe$d"$% i$ "$! c"se of si#i"r $"%ure pe$di$. 0efore "$! co#pe%e$% cour%
"$d6or "d#i$is%r"%i,e ".e$cies< (No. >0 i$ pre,ious s%"%e#e$%)
>. )er%ified pho%o cop!6ies of upd"%ed NBI ce"r"$ce6s for %he si$.e pr"c%i%io$er "$d
" %he p"r%$ers for %he professio$" p"r%$ership.

A33ITIONAL RE?@IREAENTS FOR FIRAS WITB )ORRES1ON3ENT
RELATIONSBI1 WITB FOREIGN )1A FIRA6S
1. )er%ified cop! of %he docu#e$%s sho'i$. %he correspo$de$% re"%io$ship/ #e#0ership
or 0usi$ess de"i$.s 'i%h forei.$ )1A fir#6s i$cudi$. %he co#pe%e "ddress "$d pos%"
"ddress/ e: #"i "ddress "$d 'e0si%e "$d %eepho$e "$d f"csi#ie $u#0er6s. (No. 11A2"
i$ pre,ious chec-is%)
+. A s'or$ s%"%e#e$% s%"%i$. "#o$. o%hers %h"% $o forei.$ )1A is direc%! or i$direc%!
(%hrou.h %he Fiipi$o )1As) e$.".ed i$ %he pr"c%ice of pu0ic "ccou$%"$c! i$ %he
1hiippi$es/ e4cep% %he "u%hori&ed forei.$ )1As u$der %he forei.$ reciproci%! pro,isio$
of Sec%io$ +3/ Ar%ice III of 13 No. 7>+ "$d "#e$ded 0! RA >+>; "$d %he ri.h%s "$d
o0i."%io$ of %he p"r%ies i$ specific %er#s. (No. 11A20 i$ pre,ious chec-is%)
3. If duri$. %he effec%i,i%! of %he "ccredi%"%io$/ %he fir# e$%ers i$%o " correspo$de$%
re"%io$ship 'i%h " forei.$ )1A fir#6s/ i% #us% su0#i% %he "0o,e (Nos. 1 "$d +)
re(uire#e$%s "% e"s% 7* d"!s fro# %he effec%i,i%! of %he re"%io$ship. (Ne' re(uire#e$%)
A33ITIONAL RE?@IREAENTS FOR 1ROFESSIONAL 1ARTNERBSI1S
1. )er%ified cop! of %he )er%ific"%e of Re.is%r"%io$ issued 0! %he SE) "$d %he curre$%
Ar%ices of 1"r%$ership/ i$cudi$. %he i$for#"%io$ shee% fied 'i%h %he SE). (No. 11A1"
"$d 0 i$ pre,ious chec-is%< No%e: u$re.is%ered professio$" p"r%$ership 'i $o o$.er 0e
"o'ed %o pr"c%ice)
FOR RENEWALS:
1. S"#e "s No. 1 "0o,e
+. S"#e "s No. + "0o,e
3. S"#e "s No. 3 "0o,e
2. S"#e "s No. 2 "0o,e
5. O$! %he upd"%ed 1R) professio$" I36s of %he si$.e pr"c%i%io$er "$d " p"r%$ers of
%he fir# #us% 0e su0#i%%ed. Bo'e,er/ for "$! "d#i%%"$ce or 'i%hdr"'" of
p"r%$er6s/ %he 1R)6BOA #us% 0e i$for#ed "ccordi$.! 'i%hi$ 7* d"!s upo$ "d#i%%"$ce
or 'i%hdr"'" of %he p"r%$er6s "$d %he $e' Ar%ices of 1"r%$ership #us%
0e su0#i%%ed upo$ re$e'" of %he "ccredi%"%io$.
7. @pd"%ed correspo$de$% re"%io$ship docu#e$%s of )1A fir#s 'i%h forei.$
correspo$de$% re"%io$ship/ if "$!/ #us% 0e su0#i%%ed upo$ re$e'".
NOTE:
1. ALL NOTARICE3 3O)@AENTS SBO@L3 BADE AETERE3 3O)@AENTAR9
STAA1S WORTB TWENT9 1ESOS (1+*.**) EA)B
+. A11LI)ATION WITB IN)OA1LETE 3O)@AENTS WILL NOT BE A))E1TE3
3. ALL )ERTIFI)ATE OF A))RE3ITATION A@ST BE RENEWE3 EDER9
TBREE (3) )ALEN3AR 9EARS.
". For %he i$i%i" "ccredi%"%io$/ %he effec%i,e! 'i 0e up %o 3ece#0er 31 of %he %hird !e"r
"f%er i%s issue. Th"% is/ if %he i$i%i" "ccredi%"%io$ is .r"$%ed o$ "$! d"%e duri$. %he !e"r
+**2/ %he s"#e is ,"id up %o 3ece#0er 31/ +**7.
0. Su0se(ue$% re$e'" of %he "ccredi%"%io$ #us% 0e #"de o$ or 0efore Sep%e#0er 3* of
%he %hird !e"r "f%er i%s issue. I$ (3") "0o,e/ %he re(ues% for re$e'" #us% 0e
su0#i%%ed6recei,ed 0! Sep%e#0er 3*/ +**7 so "s %o .i,e %he BOA61R) "#pe %i#e %o
re,ie' "$d issue %he )er%ific"%e of Accredi%"%io$ 0! 3ece#0er 31/ +**7.
c. There is $o .u"r"$%ee %h"% %he re(ues%s for re$e'" recei,ed "f%er Sep%e#0er 3* 'i 0e
co#pe%ed "$d %he )er%ific"%e of Accredi%"%io$s ree"sed 0efore 3ece#0er 31. I$ (3")
"0o,e/ %he )1A6s 'i $o o$.er 0e "ccredi%ed for %he foo'i$. !e"r u$%i %he
)er%ific"%e6s of Accredi%"%io$ is6"re .r"$%ed. Bo'e,er/ %he d"%e of e4pir"%io$ of %he
)er%ific"%e of Accredi%"%io$ issued for re(ues%s recei,ed "f%er Sep%e#0er 3*/ +**7 "$d
issued i$ +**8 'i 0e 3ece#0er 31/ +**>.
BOA Accredi%"%io$ Re(uire#e$%s)ode of Good Go,er$"$ce)1A "ccredi%"%io$
re(uire#e$%s1R) BOAS'or$ S%"%e#e$% of )1A
ACCOUNTING UPDATES, AUDITING UPDATES
CPAS CONTINUOUS PROFESSIONAL DEVELOPMENT (CPD)
The Bo"rd of Accou$%"$c!(BOA) of %he 1rofessio$" Re.u"%io$s )o##issio$ (1R)) i$
%he 1hiippi$es issued " resou%io$/ BOA Resou%io$ 5> series of +*1+/ %o "#e$d "$d
c"rif! %he re(uire#e$%s of )1AEs BOA "ccredi%"%io$.
The resou%io$ '"s p"ssed %o reso,e issues o$ %he "chie,e#e$% of %he #i$i#u#
re(uire#e$%s of %he Accou$%"$c! Ac% of +**2 RA >+>;/ u$der %he i#pe#e$%i$. rues
p"ssed %hrou.h BOA Resou%io$ +2 series of +**8 'here " )1A shoud #"i$%"i$ "
co$%i$uous professio$" educ"%io$ ()1E).
As " co#p"riso$ of %he od rue 'i%h %he $e' rue o$ %he )1AEs BOA Accredi%"%io$/ 'e h",e su##"ri&ed
%he differe$ces 0eo'.
Wi%h %he issu"$ce of %he $e' rue "s discussed i$ %he BOA Resou%io$ 5> series of
+*1+/ %he 1rofessio$" Re.u"%io$s )o##issio$ "$d Bo"rd of Accou$%"$c! e4pec%s "
.re"%er $u#0er of )1As "pp!i$. for BOA "ccredi%"%io$s. 2;