Constitutional right to have access to the examination documents

All about
- Ito ay tumutukoy sa rights ng mga individual na makita at makuha ang kanilang
mga examination to analyze and understand their results. Ito yung way nila to make
sure na transparent at patas yung process ng examination.

Antolin Rosero vs. PRC AND BOA et al., G. R. No. 220378, June 30,2021

All about
- Ang case na ito ay about sa study ng politics and regulations ng professional
regulation commission or PRC at ng Board of accountancy or BOA. Diniscuss dito
yung mga issue ng license and regulations para sa mga professional na mga
accountant sa pilipinas.

What happened
- Sa case ng Antolin Rosero vs. PRC AND BOA G.r. No. 220378, June 30, 2021. Ang
court ay nag decide na ang PRC at BOA ay hindi dapat mag implement or
magpatupad ng rules na nag babawal sa mga certified public accountant or CPA na
mag conduct ng audit ng mga company or institution. Ito ay dahil sa paniniwala ng
court na ang pag conduct ng audit ay part ng abilities and responsibilities ng mga
CPAS. At hindi ito dapat pigilan ng anumang rules ng regulations.

What is
- Ang case ito ay isang case sa Supreme Court of the Philippines na nag dedetermines
ng decisions regarding sa mga rules and regulations ng PRC at ng BOA. Ito ay may
kinalaman sa pag audit ng mga company or institution ng mga CPA, at kung dapat
ba itong ipag bawal o hindi. Sa pag tatapos, ang court ay nag decide na ang PRC at
BOA ay hindi dapat ma patupad ng rules na nag babawal sa mga CPA na mag
conduct ng audit, dahil ito ay part ng kanilang abilities and responsibilities bilang
mga professional sa accountancy.

Validity of Securities and Exchange Commission (SEC) rules mandating

accreditation of CPAs acting as external auditors of corporations issuing registered
securities and possessing secondary licenses

All about
- it is stipulate the approval of CPAs bilang external auditor ng mga corporation na nag
iissue ng registered securities and has a secondary license na tumutukoy sa
importance and license para sa mga taong gustong mag audit ng mga company na
nag ooffer ng responsibilities to the public. it aims to ensure na ang mga auditor ay
may right skills and knowledge to properly review and determine the quality and
accuracy ng company’s financial statement.

SEC vs. Accountants Party-list, Inc., GR No. 246027, Jun 21, 2022

All about
- Ang case na ito ay about sa decision ng supreme court of the Philippines regarding
sa issuance of a certificate of registration to accountants party list, inc. ito ay nag
cocontains ng discussion of legal issues, tulad ng kung dapat bang bigyan ng SEC ng
registration to such a party list group.
What happened
- Sa case na ito ang supreme court ay nag decide na hindi dapat bigyan ng certificate
of registration ang accountants party list, inc, dahil sa hindi pag sunood sa mga rules
and regulations ng securities and exchange commission or SEC. the decision
indicates that the said party list group does not meet the necessary criteria to be
officially registered.

what is
- Sa case na it is a legal battle between the SEC at ng mga accountants party list, inc.
it deals with the issue of registration of the said party list group sa SEC. ang decision
ng court ay nag dedetermined or nag takda kung dapat bang bigyan ng certificate of
registration ang accountants party list,inc o hindi based on SEC rules and regulations

Does the Central Bank of the Philippines have the authority under its charter to
require certified public accountants to accredit themselves before they can
transact business with the Import and Export Department?
- Yes, ang bangko central ng pilipinas has the power under its constitution to require
licensed accountants to be accredited before they can transact with the import and
export department.

all about
- This means that if the BSP can implement the policy na ang mga CPA must be
accredited bago sila iallowed na mag transact sa nasabing department.

Ollada vs. Central Bank of the Philippines, G.R. No. L-11357, May 31, 1962

all about
- Ang case na ito ay about sa matter regarding sa validity ng isang policy or action of
the central bank of the Philippines. sa case na ito, the issues related sa law or sa
regulation na ipinatutupad or implemented ng central bank and whether it is
accordance with law or not are disputed.

what happened
- Sa case na ito, this individual is surprise by the implementation or pag papatupad ng
isang regulations or action by the central bank and thinks it is illegal. during the trial,
the court analyzed the arguments ng bawat side at nag bigay ng decision kung legal
ba o hindi ang ginagawang action ng bangko central based on the provision of the
law.

what is
- Sa case na ito, isang individual, na si ollada, ang nag labas ng case against sa
bangko central ng pilipinas. the case highlighted the questioning of the legality of a
central bank policy and action. the court studied arguments from both sides and
decided whether the central bank's actions was lawful or not.

Can a foreign-certified public accountant practice in the Philippines?

- Yes, a foreign certified public accountant can practice their profession in the
Philippines kung sila ay merong proper license and recognition from the professional
regulation commission or PRC. however, kailangan nilang sumunood sa mga rules
and regulations set by the PRC and the board of accountancy or BOA.
all about
- It is refers to the ability of a foreign licensed accountants na mag practice ng
kanilang profession sa pilipinas. this is usually based sa kung mayroon silang proper
license mula sa kanilang country of origin at kung sila ay qualified and authorized by
philippine regulatory bodies such as the PRC and BOA. foreign accountants who want
to practice in the Philippines ay kailangan sumunood sa mga rules and regulations
set by the PRC and BOA in order to continue their profession legally and properly.

J. A. Sison vs. The Board of Accountancy, G.R. No. L-2529. December 31, 1949

all about
- Ang case na ito ay about sa reklamo against sa board of accountancy ng pilipinas.
ang case ay relates to an issue of principle or policy related sa accounting or sa
auditing. the courts decision aims to clarify the issue and set rules and regulations in
the field of accounting.

what happened
- Ang nagaganap sa case na ito ay isang pag tatalo o dispute sa pagitan ni sison at ng
board of accountancy ng pilipinas. the case detail may describe issue tulad ng
violation of accounting regulations, auditing or other aspects of the profession. the
courts decision may indicate who is considered right or wrong in the case and may
also contains steps or actions that the parties involved must follow.

what is
- Si sison ay nag reklamo laban sa BOA ng pilipinas. the case concerns sison’s
disqualified to perform the duties of a CPA due to his alleged failure to pass the
board exam. the court ruled in favor of the BOA and held that the boards decision
not to accept sisons application was correct. ang case na ito ay important
implications sa regulation ng profession ng accounting sa pilipinas.

Can the Board of Accountancy (BOA) be compelled to give a candidate a special

examination?
- Yes, the board of accountancy or BOA may be forced to give a special exam sa isang
candidate depende sa mga rules and regulations na ipinatutupad or implement.
however, kailangan ng candidate na mag karoon ng sufficient basis or reason to
request a special exam.

all about
- It is refers to the ability ng board of accountancy or BOA na obligahin na mag bigay
ng special exam sa isang candidate. this depends on the rules and regulations
implemented by the BOA. in some situations, maaring maging possible to request for
a special exam or test depending in the candidates conditions and criteria. however,
this is not a guarantee and must follow BOA processes and standards.

Coloso vs. BOA, G.R. No. L-5750 April 20, 1953

all about
- The case deals with the issue of having jurisdiction of the bank of America or BOA in
the Philippines. sa case na ito, ipinag tanggol ng BOA that they are not covered by
the local law of the Philippines. on the other hand, sinasabi ng kabilang panig na
 dapat silang sumunod sa mga local regulations dahil sila ay nag-ooperate sa
Pilipinas. the case is important in deciding how to treat foreigners who do business in
the country.

what happened
- Si juan coloso ay nag reklmo against sa bank of America or BOA sa pilipinas. sinabi
ni coloso na may masunduan sila ng BOA to take a loan, but the bank did not fulfill
it. pinaniniwalaan ni coloso na dapat sundin ng BOA ang mga local laws and
regulations in the Philippines since they are operating in the country. however, pinag
tanggol ng BOA ang kanilang position na hindi sila covered ng local law. sa huli, the
supreme court ruled that the BOA was not covered by local law.

what is
- Isinampa ni juan coloso ang kanyang reklamo laban sa BOA. sinasabi ni Coloco na
may kasunduan sila ng BOA for a loan, pero hindi ito naituloy ng bangko. isinasaad
ni coloso na dapat sumunod ang BOA sa mga local laws and regulations sa pilipinas
dahil sila ay nag ooperate sa bansa. however, pinagtanggol ng BOA ang kanilang
position na hindi sila covered by local laws. sa huli, the supreme court ruled that the
BOA was not covered by local law.

RA No. 9298 or Philippine Accountancy Act of 2004

all about
- Ang RA No. 9298 o Philippine Accountancy Act ng 2004 ay isang batas sa Pilipinas
na nagtatakda ng mga regulations and standards for the practice of accountancy. It
aims to strengthen professionalism and integrity sa larangan ng accountancy in the
country. Moreover, it also promotes the quality and credibility of accountants sa
pamamagitan ng pagpapatupad ng proper education, licensure, and ethics in their
profession.

what happened
- Ang RA No. 9298 o Philippine Accountancy Act ng 2004 aims to regulate and
strengthen the field of accountancy sa Pilipinas. Ito ay naglalaman ng mga provisions
that set the necessary standards for accountants, kabilang ang pagkuha ng license ,
fulfilling ethical standards, and implementing rules and regulations to maintain
integrity and professionalism sa larangan ng accountancy. Moreover, naglalaman din
ito ng mga disciplines and penalties para sa mga hindi sumusunod sa mga prescribed
laws and regulations in the field of accountancy.

what is
- Ang RA No. 9298 o Philippine Accountancy Act ng 2004 ay isang batas sa Pilipinas na
nagtatakda ng mga rules and regulations for the practice of accountancy in the
country. It aims to strengthen professionalism and integrity in the field of
accountancy by setting standards for education, licensure, and Enforcement of
ethical rules. It also emphasizes strengthening the quality and credibility of
accountants in the Philippines.

PRBOA Resolution No. 16 Series of 2021

all about
- Ang PRBOA Resolution No. 16 Series of 2021 aims to provide rules and regulations
foe the professional regulatory board pf architecture or PRBOA. Ito ay maaaring
 nagcocontains ng mga new rules, improvements , or expansion of the current
regulation in the field of architecture in the Philippines.

what happened
- Sa PRBOA Resolution No. 16 Series of 2021, maaaring naglaman ito ng mga new
rules or changes in existing regulations for architects in the Philippines. This may
involve updates to processes, standards, or other guidelines relevant to the
architectural profession.

what is
- Ang PRBOA Resolution No. 16 Series of 2021 ay isang official document na inilabas
ng Professional Regulatory Board of Architecture (PRBoA) sa Pilipinas. Usually
naglalaman ito ng mga new rules, regulations or updates to existing regulations na
may kinalaman sa profession ng architecture sa bansa. It may set new standards ,
processes, or guidelines for architects to maintain the quality and integrity of their
profession.

International Federation of Accountants (IFAC) Statements of Membership

Obligations (SMOs)
- Ang International Federation of Accountants (IFAC) is a global organization of
accountants and accounting firms. Ang kanilang Statements of Membership
Obligations (SMOs) ay mga policies and practices that their members must follow.
- Ang International Federation of Accountants (IFAC) Statements of Membership
Obligations (SMOs) ay mga rules and practices that must be followed by members of
IFAC, an international organization of accountants and accounting firms.

A. Fundamental Objectives
 Ito ang mga main objective ng IFAC which aims to maintain a high level of
professionalism and integrity in the field of accounting and finance.
Kasama dito ang strengthening ethical standards and expanding the
knowledge and skills of IFAC members.

B. SMO Subject Areas

 Ang mga SMO Subject Areas naman ay mga key aspects of accounting
professionalism, such as ethical standards, education and training, and
quality assurance. It aims to ensure that accountants work with integrity
and knowledge in their field.

IRR of RA No. 10912, Continuing Professional Development Act of 2016

all about
- Ang Implementing Rules and Regulations (IRR) ng RA No. 10912, o Continuing
Professional Development Act ng 2016, aims to provide detailed guidelines and
procedures for the continuing professional development of licensed professionals in
the Philippines. Ito ay naglalaman ng mga kinakailangang number of hours ng
education, training, and other work na dapat tuparin ng mga professional upang
mapanatili ang kanilang license and be knowledgeable in their field.

what happened
- Ang Implementing Rules and Regulations (IRR) ng RA No. 10912, o Continuing
Professional Development Act ng 2016, ay naglalaman ng mga concrete details and
 guidelines kung paano ipapatupad ang batas na ito. It sets standards and processes
for implementing the continuing development of licensed professionals sa
pamamagitan ng mga required na hours of education, training, and other activities.
Ang IRR ay nagbibigay din ng mga additional clarifications and explanations to the
provisions of the laws para mas maintindihan ito ng mga affected individuals and
sectors.

what is
- Ang Implementing Rules and Regulations (IRR) ng RA No. 10912, o Continuing
Professional Development Act ng 2016, ay naglalaman ng mga detailed guidelines
and processes for implementing this law. It sets forth policies and procedures for
implementing the continuing development of licensed professionals through
education, training, and other activities. Ang IRR aims to clarify and provide
guidelines for professionals and other government branches in the implementation of
this law.