PROF.

PRACTICE OF ACCOUNTAC

ACCOUNTA O Identification card

PRACTICE OF Professional
1. Commerce & industry renewable every 3y1
for decision
Co
starting from the date of birth
->
making
by PRC Chairperson
2. Gemment accounting c.
signed
limited to those all wad
3. Academe -> not
teaching
4. Public accounting BOA shall refuse the registration of a

- render services for professional feel successful examinee

1. convicted by a court of competent

LICENSURE EXAMINATIONS the Col jurisdiction of a criminal offense

Requirements for applying: involving mural turpitude

↓Filipino citizen 2. having an unsound mind
moral a dishonorable conduct
2. Good moral character 3.
guilty of

3. Bs Accountancy degree holder for revocation add: malpractice

4. Has not been convicted of any criminal offense suspension of at least 2
yrs.
involving moral turpitude
ConTinUInG PROFESSIONAL DEEwpmEnt
Documentary requirements units on 3
- 10 r
academe
certificate
Co public practice
↓PSA live

2, OSA mariage contract (manied female applicant) minimum required credit units (40) under the 3

9 ToR areas:
3. College diploma competence
A Technical competence
dearance
-
30
4. MBI

Others that
the Bot may require skills 5
A Professional
-

5.

Ethics & Attitudes

a professional values. - 5

Required grade
government commerce/industry
to
pass
↓To pass -
general weighted average of 15% above Ball other opts
renewing their it are required to earn

with no rating in any subject less than units

any competence
15 CPD in area

65%
least 4 subjects not covered
2.
For conditional
to 75% above in at
Professional working abroad are by this

to retake failed subject win 2

y

For retakers retake a full exam

newly liaused CPAs are not covered by the Coy
may
-
3.

-> failure of a complete exam, and requirement for their first renewal cycle Education academe

exam may be allowed subject to *3 trimested/e

semesters of CPA
refresher program PRACTICE OF OUBLIC AccountAnat 2 bj

* accumulated 3 y
↳ 24 units
allowed forms: public practice
I yr andit assistant
valid for
proprietorship
*
a
↳ yes "Firm-sole auditor - in-
1 2yps

Individual CPA change

2.

commerceindustry
REGISTRATION 4 LICENSURE OF CPE 3. Partnership A
gen, add
alcot

-
It a liason
A all successful candidates are
required to take oath of *

* gov,

profession accreditation requirements Government

* acc
gen,
NOTE: DOWNLOAD THE OATH O 1 Duellmentary requirements * It a
viasel

experience from any

2. Minimum of
sector
its meaningful
certificate of registration
no period of validity
3. subject of↓Quality Assurance Review
members in chaperson
c. bear the signature of BoA
 Rules as name: the work others
30-699 using of

in
individual-use registered name
FN599 Andit conclusions reporting
Firm
-
include name of the CPA sor-899 specialized Areas

Partnership - use partnership name as

Procedure
indicated in to working
Pee* BOA

consideration of -
exposure -> approval to approval an
not allowed: standard OF AASE publica-
1AASB Praye tim
* fictitious
↓90 days?
* indicates specialization

A misleading

can use partnership name for a is after being a

sole
proprietorship

later than day

ignificant days, notify BOA not 30

BOAC OF Eccountancy (B01)

members appointed by the
I chairman + a

President
R
① natural born citizen

&
10 yrs of experience

A hold office for 3

y

2 consecutive terms, rest for I you

* after
A maximum term: 12
Y

Powers in functions;

↓Prescribe and adopt code of effic

2. Prescribe in adopt the IPR for RA9298

3. Examiners for Hote

ABITine G ASSURANCE STANDARDS coundr

authorized establish in promulgate

is
body to

LAAs in the Philippines

- mainly adopts from (AAsus

Also Pronouncement
*SaCs

psacl Quality control for firms that perform

Reviews of the Eg other

Andits 4

Assurance in Related Services Engagements

PSAs

200. 299 General Principles in responsibilities

30-499 Risk Assessment 3 Response to Assessed Risk

55 -399 Andit Evidence