CPA's in Commerce and Industry Archives - Philippine Accounting Updates

Application for accreditation of CPAs in C&I extended till December 31

Posted on April 26, 2016 by BOA Secretariat | 0 Comments

Due to persistent demand from the various stakeholders, Professional Regulations Commission (PRC) and Board of Accountancy (BoA) isssued Resolution No. 2016-115 extending the deadline for the filing of the application for accreditation for CPAs in Commerce and Industry to December…

MSME seek exemption from CPA management

Posted on April 18, 2016 by Orlando Calundan | 1 Comment

MANILA, Philippines – The Board of Accountancy (BOA) has agreed to work on the exemption of micro, small, and medium enterprises (MSMEs) from engaging certified public accountants (CPAs) to prepare and sign companies’ financial statements, the Philippine Exporters Confederation Inc.…

Updated Deadlines for Compliance with BOA Requirements

Posted on March 1, 2016 by BOA Secretariat | 0 Comments

Due to the requests of various stakeholders and the need to issue clarificatory and implementing guidelines, the deadlines for the following have been or will be extended or retained: For filing of application of accreditation of CPAs in Commerce and…

Accreditation application deadline for Commerce and Industry extended

Posted on February 17, 2016 by BOA Secretariat | 0 Comments

The Board of Accountancy (BoA) approved the extension of the deadline of February 29, 2015 for the filing of the application for accreditation by CPAs in Commerce and Industry (C&I) in its meeting last February 11, 2016. The accreditation of…

Forms for Accreditation of CPAs in Commerce and Industry

Posted on February 2, 2016 by Orlando Calundan | 0 Comments

The Board of Accountancy issued Resolution No. 2016-3, as discussed in our post “BOA Resolution passed requiring CPA FS preparers to submit certificate“, and subsequently issued “Q&A clarifying certain matters on CPA certification on compilation services“. With the issuance of the BoA…

ALL Partners and CPA Staff of Audit Firms Need to be Accredited

Posted on February 1, 2016 by BOA Secretariat | 2 Comments

Did you know that the Accountancy Law (Republic Act No. 9298) mandates that all partners of general professional partnership involved in public practice and the CPA staff of audit firms/partnerships are ALL required to be accredited with the PRC/BoA?. Section…

Q&A clarifying certain matters on CPA certification on compilation services

Posted on January 27, 2016 by Orlando Calundan | 4 Comments

Last week, we published a post entitled “BOA Resolution passed requiring CPA FS preparers to submit certificate“, informing the public of the issuance of the Board of Accountancy (BoA) of Resolution No. 3, Series of 2016, which, among others requires…

BOA Resolution passed requiring CPA FS preparers to submit certificate

Posted on January 21, 2016 by Orlando Calundan | 40 Comments

Two (2) months ago, we wrote an article on Rules on Financial Statement Preparation now for Comments which was still for comments. Now, the Board of Accountancy has finally passed Board Resolution No. 3, Series of 2016, Requiring the Submission of Certificate by…

Draft Rules on Accreditation for Comments

Posted on November 29, 2015 by BOA Secretariat | 0 Comments

The Board of Accountancy (BoA) is asking for comments on the proposed rules on accreditation of partners and staff of firms and partnerships. The draft resolution and rules on this are now posted in the BoA website and have been…

Rules on Financial Statement Preparation now for Comments

Posted on November 17, 2015 by BOA Secretariat | 0 Comments

The Board of Accountancy (BoA) is asking for comments on the proposed rules on Financial Statements (FS) preparation and the requirement for the Certificate of FS preparation (“Certificate”). The draft resolution and rules on this are now posted in the…

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