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TBE4
TBE4
1. The objectives of the Philippine Accountancy Act of 2004 are the following, except:
a. Standardization and regulation of accounting education.
b. Integration of accountancy profession.
c. Examination for registration of certified public accountants.
d. Supervision, control and regulation of the practice of accountancy.
4. Which of the following is not a requisite in applying for the CPA licensure examinations?
a. Natural-born citizen of the Philippines.
b. Good moral character.
c. Holder of the degree of Bachelor of Science in Accountancy.
d. Has not been convicted of any criminal offense involving moral turpitude.
7. The following statements relate to the term of office of the chairman and
members of the Board of Accountancy. Which of them is incorrect?
a. The chairman and members of the Board of Accountancy shall hold
office for a term of three years.
b. Any vacancy Occurring within the term of a member shall be filled up
for the unexpired portion of the term only.
c. Appointment to fill up an expired term is not to be considered as a
complete term.
d. The Board of Accountancy member who has served two successive
complete terms as chairman or member shall be eligible for
reappointment until the lapse of three years.
ANSWERS:
1. B
2. C
3. B
4. A
5. D
6. C
7. D
8. D
9. A
10. C