accountancy inthe Prilippings2

Mo
| cPA Apactionet tag OP od Ship Set
ieee: vt._iteg
by RRaoag CCR Passe"
fag natepanseea —— GP
_t Rublic Practice yr Gudit
Frofession
ere

_ ARR
Roles and _Reqolahons
_Lrlmplementing _ Scape Practice
PRC |
3 Practice, of ‘Pulolic Recoumtancy
_Y Proteccinnal Requiahon Co mmission
7 Auditing, -yerificahon of FS

\RR 924% - PRC pinasa _\nroughn Bu = Taxation -

| - Managerial Advisory Sexices
Y
* Rhihippine Accountancy Ack of 2001 by ot empioved or M_a fem
RA 9298 | it walang tax accountant Couksource)

lt? ™ detailed
Qbjectives *: |
6 The standardizahon _and_requiahon to) Frachce in Commerce and lclustyy
of _accoonting education | ~ Controler ship
- Cost Gecédiintainh) ben foxd viol

6) The_ examination Sor _registration - General Acoontant

or _ CPA -Tax Accountant
“7 employed

C) The soper_ Vision, control and Weed Accountant

roquiothon of the. prachce of BM capital ox lan Sie Logg _

10M capita revenve
|
 iL vecommendees “or
Aditing Fic- mas _mabatoa_ang TF... fron

cweldo _ each posihon. ranked by OA

|

= madam kasing CEG: | L? fom 5 nominess for each

oe
position svlomitted bby jne APO

Wrachce, Wn Education | faademe,

~hindi_pede magiwro and hind: Coh - Commigsion On Budet

cPa or Jaw. 2 taxahon +0 audit all account pertaining

ang di pasa ng _coard

| Bar fo_revenues and receip ts_|
of , ard
expeadttyres or uses of funds

_d) Practice in the Government of property owned oy Government

- CPA di_na_kalangan maa
we

civil gervice _, mag aaccount na PICPA - Philippine \oshtvie of CPA

Young, \ooard APO- Accredited professivnal ocgamizatoe_

kailang achve sa PICPA pada ma k

r
PRBOA Bor q
« Feofeecional Reguiatory Board of ~
Accountancy » * Qualifications

sa__requiahong
“in _chage nq 1 natal bom cth2en 1
}
- accountancy inthe _ Phiippines 2_CPA | \O_ year of work expicricne~
-_ Gomposed of : WM _any scope of accountancy
~ Achairman — G pemvers 3 goed mora\__character i ner
3 appointed oy ‘ for vic
oy . 7 vote sole ee convicted of crimes wovolwing, __~
Yrecident 0 Chairman
Ane. Prilippines mora) tor pitvde bela a
*

"_ dapat walang connectivn sa Powers and Funcho oar |

|
schools or incthtuhon navaguivigay A) diploma as CPA pedieg revoke,
Lal degree. of cxams necessary m) To prepare , adopt _, issue
For admigsion te pactice of acchancy oc amend ine syflabi_ of the
suojech for examination

1 Mock rot be a Director or H7¢

OFicer of dhe APO at the hme n) CHE) nakaalign

Of his appowmtment
Accounting and Rudshng, Granda
Term of oftice Setting Coonci\
Charman 2 Memberx 2_counci|
~Syeacs ot term - FREC - Financial Reporting

- kapag nagkawcaancy youd Standards —Coyac\

unexpired lang oa porhon 7 _gtandard ¢ etting
- bawia| a CVCCESSIVE complete jcrms -~\S__ Members We Chairman

Kailang mag shop ng 1 yegr * \y_ Representative,

hago mareappant Nt c
-\2_ years Max or 4 termes ARSC = Rodehing and pevrance, Z
Standards Council 3

Compensati0o and Allowance _g- Ane = es

Board — AS wil Chairman a

~hormal_ na sahod or cweldo ~_ Charman senior predrtioner bh
na_sabi_og General Appropriatm. In pddlic accountancy =
fet auditing, Sbilag— al
- ¥\4 Members kailangan 15 to over a\\

i {ites no lower than 5% cvlajeck

~ FIC = Educatonat Technical _.Counei| | 0 based

- =D imembers wi Chair man. T

4-15 condrhonal

L poual. “eran vines _| 2- saka na iHake

~ Examinahon; Registah 0. and censure.

r . ip: i) | Report of, Rahrgs

The CPA Examinorhon. |= obtain within WO calendar days

|

- ? Zexaminahon <chedule 0) + ater the eeaminaton

- May , = Octnber and: Special

: Dubai September Failing

- 2a aad i“ i candidatc who faile 2 complete

-_Quvalificahoas of Apolicaink » for: ‘Scarnizaation CPA. Eamingnon. coal! joe disqualifitar

—__satsfactivn dt. tne Board ats | from taking, andiher. (et of exam ination”

—___TOR- fom le -Clrancoript of. Records) | unlece enrolled and compicicd

- bod. ht 24 vorts of wulgjects given 19 the,

. fame ot_Examinathon licenspce | exam iaahon

B 5 \

—_ Passing grade 715 “fo Qath id

- no lower 65 “fo in gry tulbject © | - successtw\. candidate , -

r ti] a yeh tk fi 220% = Oat | G, FICPG aon #

~Voh - 45 95 “he wal 2 sua lgsvance ot Certificates of Regishahon —~

~ Comdihona\ 2s and FProfeccional__\dentiicatien cad ’
= Mie dob h —Pic Csampal ode f api ~
 |
9 Anon —_annial_regictatigin (renew) First two centence
|
120 “units para __mag__ CPD _? kung yong mismpng activity
— 4 | or iii requite na cxaminc.
| evidence then check enkeria
\. Chandard | (kaw mismo kailangan _magq__
Ascurance _adhere Ceotinad) ca_ Professional
?
by kod a__quditing may ba _pa | Gandards beaause
you have
assurance servicer na nirerender Roteccional Liability
| 7 Pano kuwmi\og

Tkailangan mo na comunod 7 Aconduct yong audit

__andard
as _an_avditor
>Nagkakaron ng accreditahon

dud
ang iter__
VS nak«a
bkolong __para_ma_ make _bi
ore na tdi
_<a__
Philippines
ay hinds data auditor _ang gumagawa_na FS
hindi __cinck___ ang —_\eqal \ialoility Check lang auditor
-cockly kKace

__ * NRON iseve — avltpur_ anderson

|
1 May remedy lovt «a civil code
—1 kapag ‘indi _samunad__ang_ sanction
~_prde
_makaswhan
, tanggalan_na J 7 Failore to comply
= \j ff \ . 1 \ 4

tz - Whe audit to rislec

5 practice guch_ax \occ fF pudiic
- respect
_#& QAR -
pendiwang, = assessment
Sahil
4
__
 ok Negal damages NG CPA or auditor/firm

? brand | _performance
~TRO put nilift den
7 parmelee iscve | : parang _cevaluatc _

7 may _mga_hindi nakita

2 and _ hindi naimplement ang _GARS (Gererally Bacepted Buditing

Protecinnal Standard os 7 Numa nea

~ may dona\ion pero di 7 copya @ daring auditing

nivanakita. yong. decd. of _ Gandacds attached sa US

donation | SPAS _( Ctatement.0f Aaancial-

1 pakadi_ talaga nagaudit. |. A¢ounting . Gandard)

kace Wala naman had audit. | 2005 _- move international

auditor | @ardard pati sauditing...

siclic igh. 44 | dandard

< Crandards ty estaloliched . 10

_measvre the quality of pertormanc’ \0_ principle from GAR naapply

|
padin Conceptual tramework ite
7 not only before tine audit: bob | ane totes

~~

uvality Aseorance Review) GAR 7 when we say. minimom or:

~ internal _cvery Syears QAR candacd _-pinaka mababa ...maach:
ievé 2 fanchon

4 May galing. ca A\avas na

mag chcheck ca _qua\ity Sila ah ans

 GAAS appearance
2 Idependent_at_mapapaltta_ mn
Grencra\ Candard of = Clandard of ©
Standard___ Field work Reporting na_independent
ka
Cdifferent {ning)
‘J f G |
" \ rn \ Feofeccivnal care _| Doe care
“P ‘E D _rrelated to PlE
0
!
hindi mo alam buona nakq
_ General Gandard, aga ca FS or mga information
_ 7 gets We fone of ne auditing | di mo dam kong tama o

environmen | hindi

— dapat meron <a__avditing firm or|

auditors Tt kung may mali tolerable ba _o
hindi kase malivarp ku ny
Tednnica\ Araining and Proficiency madaming — mati pero di mo
__-7
Wn Xe proy
Ave e_
competerce, of | nalsita eiher__talaqgang_ intentional,
—____y out
stakf net “only anditor tr di mo talaga Mningnan or

| _di_ my. nalsita ka naka sampling

7 kis na kav erachce, v ore
related ao Ned , like Computer _
data_analytics_ "kamag basta _bacta falort kg
Independence, ase Ai ka guma
mamit nq.
__Andependent in fact and in care
| profcccidnal due
| Sieligg ___
T pagnag\kama\i_pedeng Weconcile inventory
|

ca academe pero paq 7 Vong. ano_yong "nga method

auditing <a commerce and induchy na gaqawin
mahirap kace naka laced don ang

decision ng \eacler. livvectrs 7 asceccment Pre - engagement

Ga 2 dpinivn mop. _ackwities. \inailahat ng client.

:
Sina tanggap .vatwlad_na kung») -
* Sa. professional ethics - facus ay may
|
| alam. kana may nega
|
__ auditors | cabit ang FS pe nagsers. mp nq -
|
{a academe ic inclevant yon ganon iwacn ar. much ac bs
juct__tvtura_lang_not really practice || possible
| J \ _
|

technical _ment rick dapat alam mo t=

Yong overall na trick kopagq aw —
Stando TAS \) ICC WO \y | OTaANGAAG > 1D OID, CANO wth b

Planning it —
~ |
7-40 _\eoow the. nature, ming and? nagkakeaga
or mavoti lang.
wan|) —
Yxtent talaga__ang mga Client wong ion —
2 4y know ——, a-maa ileang malit na bosinece (a ay —
Wed point or. kong saan -pedeng, Ga canh nag aavnt or nage.) —
nagkamali _acconding sa nature ing | file nq tox tapos non cPA .. ag
busine ss ‘ mas mura ~
merchandising
Example". 6a He. MNAas fag —
yoivunan wo 9 Pansin yung Strela _
 ota | ‘ ~e gan cont
teary _ stage alam _mpna_or_naitntingt. _aanenunce __gorprise
han vp na_ kong _ takanggapin__ |
—_
_kalatt_ internal
mn i |
|
|
| 7 kong announce
kar cyempre
and competent ca
7dependent Appresent_ kailangan _ipectay
_eompelency. depende generally paghanandaan pede__ Maco nceal,
tr _ ta_-icang field wala.tanaman | kong may fraud or _error hace
ign atgadong experience oe maka\a_apdto <a__pecfatmance
inductey - ng custodian kong POF
2 naq_aavdit ka ng «mail\_bosines Pedeng, makita
then magkaka client ka ng_kank | Frayd
—imay _pagka_complex ang «a tank | Ereor
‘ Non Compliance of law. and.
_Natore - type ng audit procedure, Requiation (No LAR)
oo mp

Antemal Control __Concidera non

ieee ieee eee < NOU may ot may not condder
Ertent=anggang yailan—\npok 7 Process ? Otc
rm NO Oo*O v0 Ol € wot
_tExamples rem
_pag PPro oka
Cac din song
count exictence nq Petty Dotpus
; Cash ___ Cratyyz,)
|
Pee
e e
oe e
LANA ey 5
Ren —legetalan tind _dapot eter conta Cate’
 kapag okay mallessen ang. frakaly _- kung nagana___konh na lang _
7 da _ca_Aimatatina mas _avditer - ing... ¢o iv
_hindi__ime__ machecheck. ahat | +? pagchecheck
ng mega

aya and option ang magkaron Nouchers or evidences Goact...

dr concider 14 intemal__contol -éales invoice 7 VR

-\ovcher 7 recew ing report 7

7 mag Tous §a.__procesc _ keia DR_na galing «a_venclor

sa__Ovtpot T may. Purchase Order boa
___Qutpot_-masyadong _madami ay authorized
ang_iclec heck
__Process
= yung sy ccm. naqappply \nput Procecs Ovtpot
ba_ng maayos or padevelop 600 wo
cobstamhve ca lang
ha_naayon ga_mga_contro\s | hat
ToS
‘
| ~
|

Mike ‘maadyos makikita ang errors

|
|

ond for fraud *? erp _profcssinnal judgement B

|

| padin kung an ang ket

eXamp \e~ goltware mo __ Ov a ure -|
|
|

\oput Controls-

Alphanumeric > lawal letters decision making _- crucial

{a_syittm pag Cinivelop _kalana Evidenhal Mater

AaAnN__embedecd ang _coatry|\s Ware) - Appropnate and Efcimt
Accountants &£ avdityr “?_Protecsipnal judgement
\cad +o conc’
 _- ikem maghahanap ng evidence at PSA (Philippine Standards Dn =
the came. ime mag ywrdat | Auditing PSAs)
| 2 mas ‘technical
|
_7 waq_vacle.. five Pag di qinawa
ng ANOS DAR tanggalan: no, 7AAKC CQvditing and Sssyrance

accredita hen to ‘pratice | Gandard Council) before ginawa

Standards of Reporting ng board 2 Goenci\

“@nar = accounting - standard |

FRE nat ig “your cnteria _7 ducing Ane hme. cila yurg

hag promulgate. Cpromote)

_\nconcistency aging lala)

| “pedeng _cabihin ma error lang
pedengy ~
__> Perna man) inconsistenc ali \FAC C\nternation-

or mas makikita_na_ fraud \a\ Ecderation of . Accou ntank) wey

binbilhan ng
Ppronouncemenbo
Disciosore. h1 Gandards, interpretation
7 kompleto dapat masa Notes and_ othe Hancial repachng
YS guidelines
7°
“like for accounting education,
avditing «tandard , relotteo :
Ypinion Services, ALCLOTAa Noe tngagt >

7render ng opinion ment 2

Parl —_
=|
 Framework for Assurance Fngagernenk or portinn lang, ginawa
Panalyze what Wee oF Agsurance
Audit Complation Engagement
7 Vigh assurance is 7 Qrepacation na FS
(PsA) - .
7 ust Philippine Gandard.on Ayditing,
Revieny lovin. Phiippine Crandand <_on
- mas _mababa.na._assurance | Related Services
- Piiippine Chandardy on. Review!

aq nts
___Engngageme +Adoption
Ook of _ \nternational Gandara
7no_ absrlvic assurance Nol possible 7 Qomagammil ng standard _ sa

because of limitation» |
aloroad__ para _sa._ uniformity
| 72h 2. \ntema hna\ Ct)

Other Ascoromce Engagement _iscved by \nternational Audring

7 ma@babang assurance br pas | and Assoranc Bord creatcaA by

_mpssa'n — wala. malilitt lang _ \nternational, Federation of Aaporians

7 Philippine. Gandardc wrance, | CATAC) New Nook
Engagement |
|
|
7 general assorance engagrments ?Sa_ 4 i kamu
Na Licensure Ma _evam. requircncn

Related Services Z lang. ay education

Agreed -vpon Procedures Engagerrent
7
ginag-veapa n lang na procedure __\)S_ Aystralia 3 ang. pamiaahon |
ang _icheck ,

- parang audit pers isang part Sterley acl

4
 ? Standard -_ Panciples QAR > oppose lang ay coll
Practice Ctotements - kung Pano firm
mo siya _—icconduct LEWC
| 2 DLoll

\ag _- \FRE = RIC auerencidien | > KPMG

. 7 kung pans \adtepy 4 EN
1 madalin® maqgasscess Para

~7_Avtingnan kung _pedeng _\adopt mapanatit ng quality

__ P= concept na standard abot sa = pag may twining din totaas
audit is kong. pano mag quarry

@nducs” ac_\wng ac gumagana_ CRD - Continving _Frotessiona\

fa__haman__di_\aslangan_palilan Development
|
|
- invectmens as a Poke gna \ 2”
|
Adoption = copya
a m = JLacamalin U7 $0 isang ‘cam or tim kahit
_ ha “aff \ang kailangan

— System _yt__Doality Control fame _auality ang biniligay

__.7 wal m audit _ Na senrice and came. NA

kaya kailangan, ng T quality na training,

- kailangan Quality 4 ssorance +? for cmall jiem
|

Revon BAR macewalvale ang

|

performance ng {vem or Wd
vidual
-_malalaking fim meron talaga
Bbrleg
 ||
fim - Sem
maacuay Philippine Gandards on ony —_cyctem df qualiny control
Quality Control
_>obligation.
firm to cablih a —_cader X
cyctem quality An_ provide Ec set ine tone oh. the tp
AScvrance. L

_—* Comply _wi tin protescional andar Tkagaya ng co \nter

“ is r iate, | contro\
|

Elements of Quality Control Policies 7 yon as mag sasaloi mahal

and Procedures ang quality 7 nagttrain nag\lelead
7 embed 4a @nccpt ng Quality kung ano _ang dapat ina
fesutance | quality , ovtput na \cvel, lese

| misak e
7 cost -benefit practical ba2

—_gano kadam\ ang __«tatt or Thaagement: Parkner

employece % kailangan ba ? kinocommyniaate yung kung
lahat cPA? aNd Yung mga dapat geawin

7_congider throvgh. mecsage and action

b> ginagawa mo din dapat
"kailangan may set-up na office, yung gusty moor right na
ang avditer bawal ang sa Qagqonin sa aclities
loalhay. a enymecahon Ad

? kailangan
Birla
__
may ctrtablichtd no
_Exnical Reouirement | \ndependence.
=
nn _or_slaff_ L Engagement team mism
_”_\anat__ng_‘memickr __
ong
_ agcacomply\_p cdi yung Seem. __nagpupunta_at_nag, aad
as _ % whole | oe

ro Few - fowong firm

7 Pedeng \advpt . lang _of etnies
Cocle |
|
|

ng CPP pero _ pede din na

|
Network fiun= SGN part na EY =
|
~mga_associahon na
|
__mag_esielolished
ng cari |
|
|
| Calis na Firm
“Antegtcty ! -mag_chare ng iniy and
Dajectiu sty technology Grol for «lata
- Profeccional competenc§_ and analy tics » , © CAATS)

dve_care, Camputcr Pssighecd Pudi} lech

Contidentality | Migues = chare
* Protessiongl ochavinr
7 up ty Anat extent independent
? properly reaolyed and dooomented
laf
7 remedy traning /\Nipat mo ng Engagement paciner _chovi
dient
? Mag ASs&EES Umass maganda
Peer icommynicatke din nq kongJ nag develop na ng

avditor yung assess men ww lhe of 6elf agcecomen}

dun «a mga theat like
indepences
Piola
 Tkapoo, yong, fel _na_pariner di No kase Gple propriator

independen! _perden iba (pat)

7 Pero pag pactioner_maq_ ica

Awe
i
ODv

7 Kime tv lime yong sitvativn laa

daw ay nagcercaten ng__breach
Giiv\ation)
~Nangyari__loa ha nagnigay na
Morea

7 ty diminale Xhe \neca}

= CAN vp One Way}

~ \ipat reduce 4nem to on

accplovie evel
case Case baat

Acceptance and Continuance ot

Cuent Relationship
2d lahat \inatangap

—? dilema kailangan madam ng

dient

7 may ‘ndtncip na _tangagapin |