1.

The Board shall have the power, upon due notice and hearing, to suspend or revoke the
practitioner’s certificate of registration and professional identification card or suspend him/her
from the practice of his/her profession or cancel his/her special permit for any of the causes or
grounds
I. Convicted by a court of competent jurisdiction of a criminal offense involving moral turpitude
II. Having an unsound mind
III. Guilty of immoral and dishonorable conduct
IV. Unprofessional or unethical conduct, malpractice
V. Violation of any of the provisions of this Act, and its implementing rules and regulations, the
Certified Public Accountant‘s Code of Ethics and the technical and professional standards of
practice for certified public accountants.
a. I, II and III c. I, II, III and IV
b. I, II, IV and V d. I, II, III, IV and V

2. A CPA whose certificate have been revoked may be reinstated if he has acted in exemplary
manner and has not committed any illegal, immoral or dishonorable conduct for a period not
less than
a. One year
b. Two years
c. Five years
d. The period depends on the seriousness of his offense

3. Special/temporary permit may be issued by the Board of Accountancy subject to the approval of
PRC and payment of the fees the latter has prescribed and charged thereof to the following
persons
a. A foreign CPA called for consultation or for a specific purpose which, in the judgment of BOA
is essential for the development of the country
b. A foreign CPA engaged as professor, lecturer or critic in fields essential to the accountancy
education in the Philippines and his/her engagement is confined to teaching only.
c. A foreign CPA who is an internationally recognized expert or with specialization in any
branch of accountancy and his/her service is essential for the advancement of accountancy
in the Philippines.
d. All of the above Practice of Accountancy Sectors of

Accounting Practice

4. Practice of Public Accountancy shall constitute in a person:

a. When involved in decision making requiring professional knowledge in the science of
accounting, as well as the accounting aspects of finance and taxation or when he/she
represents his/her employer before government agencies on tax and other matters relating to
accounting.
b. When he/she is appointed in an accounting professional group in government or in a
government-owned and/or controlled corporation, including those performing proprietary
functions, where decision-making requires professional knowledge in the science of
accounting
c. When he or she is involved in teaching of accounting, auditing, management advisory
services, accounting aspect of finance, business law, taxation and other technically related
subjects.
d. When a person is skilled in the knowledge, science and practice of accounting and as a
qualified person to render professional services as a CPA
5. Any position in any business or company in the private sector which requires supervising the
recording of financial transactions, preparation of financial statements, coordinating with the
external auditors for the audit of such financial statements and other related functions shall
be occupied only by a duly registered CPA. Provided
I. That the business or company where the above position exists has a paid-up capital of at
least P5,000,000 and/or annual revenue of at least P10,000,000
II. The above provision shall apply only to persons to be employed after the effectivity of
the Implementing Rules and Regulations of RA 9298
III. The above provision shall not result to deprivation of the employment of incumbents to
the position
a. I, II and III c. II and III
b. I and II d. I and III

6. Which of the following statements concerning the practice of accountancy in the

academe/education is incorrect?
a. The position of either the Dean or the Department Chairman or its equivalent that
supervises the Bachelor of Science in Accountancy program of an educational institution
must be occupied only by a duly registered CPA.
b. The position of either the Dean or the Department Chairman or its equivalent that
supervises the Bachelor of Science in Accountancy program of an educational institution
is deemed to be in the practice of accountancy in the academe/education.
 c. Members of the Integrated Bar of the Philippines are prohibited from teaching business
law and taxation subjects.
d. Members of the Integrated Bar of the Philippines may be also allowed to teach business
law and taxation subjects.

Continuing Professional Development

7. The Continuing Professional Development (CPD) program mentioned in the IRR shall have
the following objectives, except:
a. To promote the general welfare of the public
b. To provide and ensure the continuous education of accountancy students with the latest
trends in the profession brought about by modernization and scientific and technological
advancement
c. To raise and maintain the professionals capability for delivering professional services
d. To attain and maintain the highest standards and quality in the practice of the profession

8. Under RA No. 10912 and PRBOA Resolution No. 254- 2017, a CPA must earn at least 120
credit units for 3 years, with a minimum of 20 credit units earned per year. Excess credit
units shall not be carried over to the next three-year period except:
a. credit units earned for servicing as a professorial chair
b. credit units earned for authoring an article of national significance
c. credit units earned for an invention of significance of the profession
d. credit units earned for doctorate and master’s degrees or other specialty trainings
9. Under PRBOA Resolution No. 254-2017, which of the following statements is incorrect with
regard to the 120 credit units a CPA must earn during the three-year compliance period?
a. A minimum of 30 credit units must pertain to “Technical Competence” area.
b. A minimum of 5 credit units must pertain to “Professional Skills” area.
c. A minimum of 5 credit units must pertain to “Professional Values, Ethics and
Attitudes” area.
d. All the required CPD credit units may come from “flexible CPD units”.

10. Under PRBOA Resolution No. 254-2017, how many credit units per hour is (are) earned by a CPA
who serves as a resource speaker at a CPD seminar?
a. 1 CU per hour c. 3 CU per hour
b. 2 CU per hour d. Approved CU