11/28/2018

BOARD OF
A C C O U N TA N C Y
DIRECTIONS AND PERSPECTIVE

73 rd PICPA ANC A brief discussion on the current strategic directions and perspective of the Board of Accountancy
towards the global excellence of Filipino accountants
November 22-24, 2018 at SMX Convention Center, Bacolod City.

RA 9298: Declaration of Policy

The State shall

COMPETENT
develop and nurture
professional
accountants VIRTUOUS

PRODUCTIVE
Through inviolable, honest, effective, and
credible licensure examinations and through
T h e F i l i p i n o C PA , a t r u l y G L O C A L regulatory measures, programs and activities
WELL ROUNDED
Accountant that foster their professional growth and
development.
BOARD OF ACCOUNTANCY
MAIN THRUST FOR THE NEXT 5 YEARS

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SEC. 3. Objectives The Regulatory Framework

CHED DEPED PRC PRC

E D U C ATION
The standardization and regulation of
accounting education
Technical
Panels and
Committees

R E GU L ATION HIGHER EDUCATIONAL

PRLs
INSTITUTIONS CPD
The supervision, control and regulation of Code of
the practice of accountancy in the E XA MIN ATION ethics
Philippines The examination for registration of certified
public accountants

PSGs TOS

E D U C AT I O N : P r e s e n t s i t u a t i o n C PAL E PAS S I N G P E R C E N TAG E

Pass Rate
1 Low passing percentage in CPA Board Examination National Pass Rate : Last 6 Examinations

No. of Schools
2 About 520 schools all over the country are offering BS
Accountancy

Ineffective BSA
program
3 About 1/3 of the 520 schools have zero passing
percentage in CPA Board Examination
42.94%

36.47% 35.13%
30.44%
28.92%
25.18%

The Senior High Plight

4 The introduction of Senior High School seems to be
problematic

May-16 Oct-16 May-17 Oct-17 May-18 Oct-18

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GREATER
E X A M I N AT I O N : P r e s e n t s i t u a t i o n
COLLABORATION
Strengthen collaboration between CHED and BOA
Out-of-Sync CPA Exam Syllabus not in synch with BSA curriculum

W H AT PRIORITIZE
Prioritize low performing schools in the school visitation
Se le c tiv e
SHOULD BE projects
Examination may not cover the entire syllabus

DONE? PRUNING PROJECT New CPAs are short of the required hard skills of the job because of the tendency to depend on test banks in
The quest for a better professional regulation Termination of BSA programs for schools which have remote Profes s ional order to perform well in the examination
capabilities of producing quality CPA candidates
s hortfall
FUTURE -PROOF
Periodic review of BSA Curriculum to ensure that it caters Ethics and us Lack of emphasis on the critical role played by ethics ang governance on all subjects.

to the needs of time

REPRESENTATION
Make representations to Dep Ed as to how BOA through The long Exam results released more than a week after the last day of the exam

PICPA can assist in the ABM track in Senior High

nights
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Schools must adopt retention program for their BSA Offering Formulate questions that would test hard skills of the Job rather
Retention Hard skills than concentrating on test of memory

Review & Periodic review of CPA Exam Syllabus to make sure it is in Relevant CPA Globalization and current trends shall be included in the
Sync synch with the BSA curriculum as offered in schools Exams Examinations in any subject as it applies
PROGRAM PROGRAM
S Outcomes-
Outcomes-based questions based on TOS in the preparation of
the examination
S Global Benchmarking of licensure examination with international
based standard standards

Ethics- Release of Board Exam results within 3 days after the last day
Integration of ethical concepts in every subjects 3-day Agony
infused of the examination

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R E G U L AT I O N : P r e s e n t S i t u a t i o n
MO N IT O R
Strict monitoring on compliance of

1 License non -sense 4 About debit & credit PROGRAMS practitioners on accreditation
requirements, where required

Majority of CPAs are not renewing their licenses Non-CPAs are allowed to teach Accounting subjects

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P R O J E C T: R E N E W
Project License Renewal
2 Accreditation rev iew 5 CPD Dilem m a CPD
Provide the means that CPAs can earn
Accreditation program seems to be defective CPAs find the CPD requirement too burdensome
CPD credits, from both local and
international providers

1 2 R E V IE W
3 Autograph? 6 Ethics again Review accreditation process in all
practice areas to ensure that it is
Proliferation of notarial audit PRC is receiving quite a number of complaints re: unethical demonstrative of skills required
conduct of CPAs

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• MO R E E T H IC S
• Emphasis on ethics in the programs of
BOA and PICPA
PROGRAMS

• CROSS-BORDER
• Encourage CPAs to explore cross-border
practice, where opportunities exist
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• QAR
THANK YOU!
• Implement Quality Assurance Review for
CPAs in Public Practice

5 6 • I N T E R N AT I O N A L
• Explore other areas of international
agreements for accountancy practice of
Filipino CPAs

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