1.

5 major Characteristics of Ideal Profession

Systematic Body of theory

Professional Authority
Community Sanction
Regulative Code
Culture

2. Board of Accountancy

3 Scope of Practice of Accountancy

Practice of Publiic Accountancy

Practice in Commerce and Industry
Practice in Education/Academe
Practice in the Government

4 A. Professional Accounting Education, Professional Skills and General Education, Professional

Values, ethics and Attitudes

5. Requisite Qualifications of applications

 Filipino Citizen
 Good Moral Character
 Holder of the degree of BSA and conferred by school
 Has not been convicted of any criminal offense

6 Must obtain a general average of 75%, with no grades lower than 65%

7 Yes

8. Board of Accountancy
9

 Knowledge Content
 Practical Experience

10. Assurance engagement means an engagement in which a practitioner expresses a

conclusion designed to enhance the degree of confidence of the intended users other than the
responsible party about the outcome of the evaluation or measurement of a subject matter
against criteria.
11 Sufficiency is the measure of the quantity of audit evidence. ... To be appropriate,
audit evidence must be both relevant and reliable in providing ... as those terms are used in the
FASB Accounting Standards Codification, ... Board and PCAOB are registered trademarks of
the Public Company Accounting Oversight Board.

12 Professional Skepticism is an attitude that includes a questioning mind, being alert to

conditions which may indicate possible misstatement due to error or fraud, and a critical
assessment of audit evidence