Accreditation of CPAs in Public Practice

List of Accredited CPAs as of May 8, 2017 (Sorted by Name)

DOWNLOAD FILE : ACCREDITED LIST OF CPAs


OFFICE VISITATION TO BE STREAMLINED

The Board of Accountancy has issued Resolution 36-2017 that streamlined the conduct of the office visitation required for CPAs in Public Practice applying for accreditation (renewal or initial) as required in BoA resolution 5-2016. The new Resolution delegated the conduct of the office visitation to the Philippine Institute of CPAs (PICPA).

“With this delegation, the required visitation of the office of the CPA will be completed faster. PICPA and its chapters can conduct the visitation and submit the report on the visitation, together with the Checklist and pictures, to PRC within a one week period. This will expedite the processing of the accreditation applications of the CPAs in public practice with the early completion of the BoA requirement for the verification of the functionality of the office and facilities of the practicing CPA,” said BoA Chairman Joel Tan-Torres.

PICPA and BoA will further discuss the details of this procedure.

For the meantime, CPAs in public practice will not need to rush their office visitation since the other newly passed BoA Resolution 37-2017 allows the provisional accreditation of the CPAs until April 30, 2017  that will allow them to proceed with their engagements during the audit and tax filing period while their accreditation application is still pending with the PRC.

DISSEMINATION NOTICE.  FOR MORE INFORMATION, CONTACT boa.secretariat@gmail.com     January  28 2017

 

Download Resolution HERE

 


PROVISIONAL ACCREDITATION FOR CPAs IN PUBLIC PRACTICE 

CPAs in public practice (PP) whose application for accreditation is still pending in PRC need not worry anymore/.

They can now proceed with their practice engagements, including the completion and signing of their auditor report/opinion without waiting for the release of their accreditation certificate. BoA Resolution 37-2017 has been issued and published in Philippine Star last January 26, 2016.

This resolution provides the CPAs in PP the provisional accreditation that they would need to transact with the other regulators and to proceed with their practice.

The resolution provides, among others, that:

  1. That the validity of accreditation of all individual CPAs and partnerships/firms engaged in public accountancy, which expired on December 31, 2016 and have applications for renewal of accreditation filed on or before December 31, 2016 that are are still pending with the Commission and the BoA shall have their accreditation provisionally extended until April 30, 2017.
  2. That this provisional extension shall be indicated in all pertinent documents as follows: “BOA Certification No.____, with extended validity until April 30, 2017 pursuant to PRC/BoA Resolution No. 37-2017”
  3. Individual CPAs and partnerships/firms engaged in public accountancy who have applied for accreditation for the first time on or before December 31, 2016 that are still pending with the PRC or BoA applications shall be granted provisional accreditation,

That this provisional extension shall be indicated in all pertinent documents as follows:
“BOA application number _______granted provisional accreditation valid until April 30, 2017 pursuant to PRC/BoA Resolution No. 37-2017”
xxxx

The BoA will communicate this resolution to the other regulators, including the BIR, SEC and the others, to advise them of the grant of extended provisional accreditation to the CPAs.

The BoA application number will be communicated to each applicant by PRC and/or PICPA.  For the meantime,  while this has not yet been received, the CPA can instead indicate the PRC official receipt number for the payment of accreditation filing fee.

DISSEMINATION NOTICE.  FOR MORE INFORMATION, CONTACT boa.secretariat@gmail.com     January 2017

Download Resolution HERE

 


PROVISONAL ACCREDITATION TO CPAs IN PUBLIC PRACTICE

The Board of Accountancy will soon be releasing a resolution that will address the backlog in the processing of the accreditation applications of CPAs in Public Practice.

A large number of CPAs have filed their applications in 2016 and to date have not received their approved accreditation. As a result, they are still unable to complete their engagements, including the signing of auditors reports, and submit their BoA accreditation to other regulators requiring these.

This resolution, which have been signed by the Board, is just awaiting the approval of the Commission (PRC).

“We expect this resolution to be signed soon. This is a temporary solution to the backlog in PRC. We will also soon introduce other measures that will improve the processing of transactions of our CPAs with PRC and BoA ,” said BoA Chairman Joel Tan-Torres.

The features of the forthcoming resolution are:

  1. All individual CPAs and partnerships/firms with pending initial applications for accreditation shall be granted provisional accreditation until April 30, 2017. All those whose accreditations have expired on December 31, 2016 and who have pending applications for renewal shall be granted extension of their accreditation until April 30, 2017. These shall cover only those who have filed their application for accreditation on or before December 31, 2016.
  2. All individual CPAs and partnerships/firms granted provisional accreditation or extension of accreditation shall be required to indicate in all their pertinent documents the following information:

For initial applications: “BOA Application Reference No.___ valid until April 30, 2017 pursuant to Board Resolution No. ___, s. of 2016.”

For applications for renewal: “BOA Accreditation No.____, with extended validity until April 30, 2017 pursuant to Board Resolution No. ___, s. of 2017.”

  1. All individual CPAs and partnerships/firms granted provisional accreditation or extension of accreditation shall be allowed to sign and certify Financial Statements until April 30, 2017: Provided, that the statement/information in the preceding paragraph shall be prominently.


OFFICE VISITATION ONGOING FOR ACCREDITATION APPLICANTS

 CPAs in public practice applying for accreditation are now being subjected to visitation of their offices pursuant to BoA Resolution 5-2016.

The objective of the visitation is to ascertain the “legitimacy and functionality of the office and facilities” of the CPA applicant.

The visitation involves representatives/inspectors from the Professional Regulations Commission (PRC), Board of Accountancy and/or PICPA visiting the principal office of applicants for accreditation as CPAs in public practice. The inspectors will conduct a short visit to verify the information indicated in the one page checklist and take pictures of the office/facilities. A report will be prepared that will assist the BoA in evaluating and processing the accreditation application of the CPA in public practice.

“To date, the inspectors have ascertained that a number of CPAs have not been able to present to the satisfaction of the inspectors that they have a functional office and facilities for their practice. As such, the processing for the applications for accreditation are held in abeyance and will be processed only after improvements are effected,” said BoA Chairman Joel Tan-Torres.

All CPA applicants are encouraged to confirm immediately the schedule of visitation that PRC will be setting up and to prepare themselves for the visit so as to be able to present smoothly to the inspectors their office setup. The one page checklist prescribed in the Resolution will be the basis for the inspection.

CPAs who still have not been contacted by PRC for the visit and/or would want the visit be done immediately can notify the BoA at boa.secretaria@gmail.com and request for scheduling.

The BoA is also reviewing the present procedure so as to streamline the procedures. Suggestions are welcome and can be emailed to BoA.


 

List of Accredited CPAs as of December 1, 2016 (Sorted by Name)

DOWNLOAD FILE : ACCREDITED LIST OF CPAs


OFFICE VISITATION ONGOING FOR ACCREDITATION APPLICANTS

CPAs in public practice applying for accreditation are now being subjected to visitation of their offices pursuant to BoA Resolution 5-2016.

The objective of the visitation is to ascertain the “legitimacy and functionality of the office and facilities” of the CPA applicant.

The visitation involves representatives/inspectors from the Professional Regulations Commission (PRC), Board of Accountancy and/or PICPA visiting the principal office of applicants for accreditation as CPAs in public practice. The inspectors will conduct a short visit to verify the information indicated in the one page checklist and take pictures of the office/facilities. A report will be prepared that will assist the BoA in evaluating and processing the accreditation application of the CPA in public practice.

“To date, the inspectors have ascertained that a number of CPAs have not been able to present to the satisfaction of the inspectors that they have a functional office and facilities for their practice. As such, the processing for the applications for accreditation are held in abeyance and will be processed only after improvements are effected,” said BoA Chairman Joel Tan-Torres.

All CPA applicants are encouraged to confirm immediately the schedule of visitation that PRC will be setting up and to prepare themselves for the visit so as to be able to present smoothly to the inspectors their office setup. The one page checklist prescribed in the Resolution will be the basis for the inspection.

CPAs who still have not been contacted by PRC for the visit and/or would want the visit be done immediately can notify the BoA at boa.secretaria@gmail.com and request for scheduling.

The BoA is also reviewing the present procedure so as to streamline the procedures. Suggestions are welcome and can be emailed to BoA.

pp pp1 pp2


List of Accredited CPAs as of August 2, 2016 (Sorted by Name) – CLEANED

DOWNLOAD FILE : ACCREDITED LIST OF CPAs

List of Accredited CPAs as of June 06, 2016 (Sorted by Name)

DOWNLOAD FILE : ACCREDITED LIST OF CPAs

 

ACCREDITATION FORMS AND LIST OF REQUIREMENTS RELEASED

Form 1Form 2

Annex A – BOA Form for Partnership

Annex B – BOA Form for Individual Partnership

PTR REQUIREMENTS FOR ACCREDITATION ADDRESSED BY BOA

The Board of Accountancy recently issued two issuances pertaining to the Professional Tax Receipt (PTR) that is being required for submission in the accreditation of CPAs. Presently, PTRs are being required as attachments to the accreditation applications of CPAs in public practice, teachers and commerce and industry.

Under the guidelines issued by BoA, the PTRs to be submitted can either be secured from the place of work/practice or place of residence of the CPA. Likewise, the BoA clarified that CPAs in government applying for accreditation as teachers in state universities and colleges are not required to submit the PTR since the Local Government Code exempts them from getting the PTRs.

“This guidelines and action of the BoA will clarify the procedures for all CPAs applying for accreditation and give relief to our government CPAs,” said Chairman Joel Tan-Torres

PTR1 PTR

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Summary of new resolutions

BoA Resolution No. 2016-03 : Resolution Requiring Certificate by the CPA

BoA Resolution No. 2015-295 : Resolution Requiring the Accreditation of all Partners and CPA Staff Members or Partnerships or Firms

BoA Resolution No. 2016-02 : Resolution Requiring the Submission of Engagement Reports

BoA Resolution No. 2016-05 

BoA Resolution No. 2015-244 : Quality Assurance Review

Download

Download

 

 

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BACC Form 01 and 02

Click here to download Form 01 and 02

 

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COUNCIL OF ACCREDITORS CONVENED

Four government offices gathered in the Bangko Sentral ng Pilipinas on September 15, 2015 to sign the terms of reference to govern the accreditation of CPAs.

The representatives of the Board of Accountancy, Bangko Sentral ng Pilipinas, Securities Exchange Commission and Insurance Commission agreed to coordinate in the implementation of efforts in the accreditation and other activities involving CPAs interacting in the four agencies.

BoA Chairman Joel Tan-Torres, BSP Deputy Governor Nestor Espenilla, SEC Commissioner Antonette Ibe, and IC Commissioner Emmanuel Dooc signed the agreement in appropriate ceremonies in the BSP. BoA Member Hon. Concordio Quisaot witnessed the event.

“With this arrangement formally in place, the four offices can streamline the processes implemented to minimize the documents and procedures required from CPAs dealing with the different offices,” said Chairman Tan-Torres.

convened convened1

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DEADLINE FOR RENEWAL OF ACCREDITATION IS ON SEPTEMBER 30

Pursuant to the implementing rules and regulations, the deadline for the renewal of accreditation for CPAs in public practice and education is on or before September 30, 2015 for those whose expiry date of accreditation is on December 31, 2015.

“We would like to notify to all concerned that even though their accreditation will still expire on the end of the year, the rules require that they should file their renewal applications on or before September 30, ” said Chairman Joel Tan-Torres.

“Fines and penalties will now be imposed for those who will be filing late. The CPAs affected must file their renewal applications as soon as possible this month so that the processing of their applications will not be delayed,” said Chairman Tan-Torres.

accreditation

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BOA requires the strict compliance with the accreditation of CPAs in public Practice.

 

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Please note of the updated requirements for the Accreditation of CPAs in public practice:

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BOA Resolution 041-2015 – Extension of Period of Accreditation of Individual Certified Public Accountants (CPAs) and Partnerships/Firms Engaged in Public Accountancy