MODULE 6

I. PRBOA Resolution No. 262 Series of 2015 effectively changed the scope of each of
the examination. T
II. Continuing Professional Development (CPD) refers to the inculcation, assimilation
and acquisition of knowledge, skills, proficiency and ethical and moral values, before
the initial registration of a professional that raise and enhance the professional’s
technical skills and competence. F

I. TECHNICAL COMPETENCE – 30 units (Area B) includes Standards Applicable to

Professional Practice (18 units), Laws, Rules & Regulations affecting Professional
Practice (6 units) and Environment of the Practice (6 units). F
II. PROFESSIONAL VALUES, ETHICS & ATTITUDES (5 units) (Area A) includes
Social Responsibility Principles and interventions. F

I. A permanent exempt registered professional shall be allowed to renew his/her

License without complying with the CPD requirements upon his/her accomplishment
and submission of the necessary papers and upon payment of the annual
registration fee for three (3) years for as long as he/she continues to be out of the
country. T
II. Under PRC Resolution 2019-1146 (Amending the IRR of CPD Act of 2016),
professionals working overseas are not covered by the CPD requirements. T

I. The CPD program shall provide and ensure the continuous education of a registered
professional with the latest trends in the profession brought about by modernization
and scientific and technological advancements only. F
II. Voluntary compliance with the CPD program is an effective and credible means of
ensuring competence, integrity and global competitiveness of professionals in order
to allow them to continue the practice of their profession. T

I. Theory components of practical examinations are infused to their problem-solving

counterparts (Practical Accounting problems and theory of accounts; Auditing theory
and Auditing problems). T
II. Business Law is now separated from Taxation and the subject is termed as
Regulatory Framework for Business Laws. F

I. Any person applying for examination shall establish the requisites to the satisfaction
of the Board that he/she is a naturalized citizen. F
II. Marriage Contract in NSO Security Paper for married male applicants is one of the
supportive documents needed for examination application. F
I. A candidate must obtain a general average of seventy five percent (75%), with no
grades lower than sixty-five percent (65%) in any given subject to be qualified as
having passed the licensure examination. T
II. If the candidate fails to obtain at least a general average of seventy-five percent
(75%) and a rating of at least sixty five percent (65%) in each of the subjects
reexamined, he/she shall be considered as a conditional examinee. F

I. The Board shall submit to the Commission the ratings obtained by each candidate
within ten (10) working days after the examination, unless extended for just cause. F
II. Any candidate who fails in two (2) complete Certified Public Accountant Board
Examinations shall be disqualified from taking another set of examinations unless
he/she submits evidence to the satisfaction of the Board that he/she enrolled in and
completed at least twenty-four (24) units of subject given in the licensure
examination. T

I. A Professional Identification Card bearing the registration number, date of issuance,

expiry date, duly signed by the chairperson of the Commission, shall likewise be
issued to every registrant renewable every three (3) years. T
II. Meaningful experiences needed for CPAs in Academe/Education shall include
teaching for at least two (2) trimesters or three (3) semesters subjects in either
financial accounting, business law and tax, auditing problems, auditing theory,
financial management and management services. F

I. If the Board finds experience inadequate to the minimum requirements for the public
practice of accountancy in the course of its evaluation of his/her application for
accreditation to practice public accountancy, the registrant shall be encouraged to
make up such inadequacy from competent sources. F
II. RA 10912 (CPD Law) is applicable only for accreditation renewal. T

a. I – False ; II – True
b. I – True ; II – False
c. Both Statements are True
d. Both Statements are False