New accountancy tracks forthcoming

GAME-breaking changes are forthcoming in the area of accountancy education and the licensure examination process. These new accountancy tracks for the accountancy profession are among the revisions of the accountancy law that the Board of Accountancy (BOA) will be submitting…
Emerging trends of external reporting

Organizations are using integrated reporting (IR) to communicate a clear, concise, integrated story that explains how all of their resources are creating value. IR is helping businesses to think holistically about their strategy and plans, make informed decisions and manage…
Reduce the financial-statement disclosures

(First of two parts) Financial statements in the Philippines for companies reporting under Philippine Financial Reporting Standards (PFRS), or its little brother, PFRS for small- and medium-sized enterprises (SMEs) are notorious for the horrendous disclosures attached to the financial statements.…
Auditing the auditors (Part 1)

In the recent years, auditing the auditors has become a global development in the accountancy profession amid news of inappropriate financial reporting or accounting scandals happening around the world. A number of national professional regulators have responded accordingly to these…
‘I am Acct’ (Part 2 of 2)

Last week I discussed in this column the interesting, if not puzzling, situation why accountants prefer to profess their professional attainment by putting their title CPA at the end of  their names and not in front of their names.  We…
‘I am Acct’ (Part 1 of 2)

I often wonder how medical doctors got to use their  titles of  “Dr.”; attorneys or lawyers their titles of “Atty.”; engineers  their titles of “Engr.”; architects their titles of  “Arch.”; and the other professionals or government officials with their must-have designation…