ASEAN Mutual Recognition Arrangement

ASEAN Integration and MRA on Accountancy Services, Boon or Bane?

 

You can download the presentation here.

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DO YOU KNOW HOW YOU CAN BENEFIT FROM THE MRA?

The ” ASEAN AWARENESS FOR ACCOUNTANTS” series or the “3A series” of the Board of Accountancy ” is an ongoing awareness campaign on the ASEAN Mutual Recognition Arrangement (MRA) on Accountancy Services. The ASEAN MRA was signed last November 2014 by all ASEAN member states.

“The MRA is now being implemented and will affect our entire accountancy profession,” BoA Chairman Joel Tan-Torres said.
“We have been attending meetings of the ASEAN accountancy regulators and a road map has already been formulated that will soon result in the enhanced mobility of ASEAN accountants within the region, ” added Chairman Tan-Torres.

In order that all stakeholders in the accountancy profession are made aware of these important developments in the MRA, the BoA has been posting information materials on the MRA in its Face Book (FB) and website and discussing this matter on various fora and events attended by the BoA Chairman and members . Flyers and brochures on the MRA will be published and disseminated. The Continuing Professional Development seminars and modules will offer topics on the MRA.

“We need to be prepared and ready to meet the opportunities and benefit that the MRA will bring. At the same time, we should all be ready to face the competition from the other ASEAN countries that will result in challenges to our accountants,” Chairman Tan-Torres said.

All accountants are encouraged to post questions and topics that they would want to be discussed in this 3A series.

The suggested topics can be also be emailed to boa.secretariat@gmail.

For information on the MRA and 3A series , you can log in at the BoA website at http://boa.com.ph/asean-mutual-recognition-arrangement.

DOWNLOAD PRESENTATION HERE

 

 

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ASEAN REGULATORS DISCUSS MRA IMPLEMENTATION

Representatives from the ten ASEAN countries gathered together from October 2 to 2, 2015 in Suntec Convention Center in Singapore to discuss the implementation details of the Mutual Recognition Arrangement (MRA) for Accountancy Services. The MRA was signed last November 2014 and provides for the mobility of the accountants of the ASEAN region.

The Philippines was represented in the Accountancy Workshop by BoA Chairman Joel Tan-Torres and Estelita Aguirre and Corazon Pangcog as the representatives of PICPA.

The Accountancy Workshop was organized ASEAN and Aus Aid. The facilitators fo the workshop were Patrick Corrigan, Gertt Karreman, and Mahalah Groves of ACCA.

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BoA ATTENDS FIRST MEETING OF ASEAN COORDINATING COMMITTEE

BoA Chairman Joel Tan-Torres and Hon. Gerard Sanvictores attended the first meeting of the ASEAN Chartered Professional Accountant Coordinating Committee (ACPACC) together with about 30 representatives from the nine other ASEAN countries. This was held in the Suntec Convention Center in Singapore on September 30, 2015.

Matters discussed in the meeting are the formation of the monitoring committees for the ASEAN MRA. the discussion of the list of regulate services across the region, the turnover of the Handbook on Core Competencies and Domestic Regulations in the Accountancy Services of the ASEAN countries.

“During the meeting, we presented what we have been doing in implementing the Mutual Recognition Arrangement (MRA) in the Philippines. We highlighted on the awareness and information campaigns that we have done to make the accountancy profession know the details and benefits of the MRA,” said Chairman Tan-Torres.

The representatives of the ten ASEAN countries agreed on a number of implementation activities to undertake and to report this to the ACPACC in the January 2016 meeting to be held in Thailand.

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DO YOU KNOW YOUR ASEAN MRA ON ACCOUNTANCY SERVICES?

The details of the implementation steps and phases for the ASEAN Mutual Arrangement on Accountancy Services (MRA) are being discussed in the ongoing meeting of the ASEAN Accountancy Coordinating Committee and the Australian Aid Accountancy Workshop in Singapore from September 30 to October 3, 2015.

Attending these events from the Philippines are BoA Chairman Joel Tan-Torres, Hon. Gerard Sanvictores, AFA President Estelita Aguirre and Corazon Pangcog of PICPA and BoA project manager.

“All of our accountants should be aware of what the MRA is all about. In this way, we can properly prepare to take advantage of the opportunities and benefits, and minimize the risks and threats,” said Chairman Tan-Torres.

“The BoA, PICPA and all the accountancy sectoral organizations should pursue activities to provide information to accountants on the MRA. On the part of BoA, we have the ” ASEAN AWARENESS FOR ACCOUNTANTS” series or the “3A series,” which provides useful information on the MRA. The PICPA and the other accountancy organizations can conduct CPD seminars and fora on the MRA for their members,” said Chairman Tan-Torres.

For further details on the MRA, visit the BoA website at boa.com,ph and the link: http://boa.com.ph/wp-content/uploads/2014/10/jlt-mra-video-.mp4

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ACCOUNTANCY AGREEMENT DISCUSSED IN SINGAPORE

 Board of Accountancy(BoA) Chairman Joel Tan-Torres and member Gerard Sanvictores attended the 82nd ASEAN Coordinating Committee on Services meeting in Suntec Convention Center in Singapore on September 30, 2015.

The ASEAN Mutual Recognition Arrangement (MRA) was discussed by the accountancy regulators and representatives from the ten ASEAN countries. This MRA will facilitate the mobility of accountants to work in the ASEAN region.

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Hon. Joel L. Tan-Torres for the ASEAN Mutual Recognition Arrangement

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The Board of Accountancy will soon launch an awareness campaign on the ASEAN Mutual Recognition Arrangement (MRA) on Accountancy Services.  This would be part of the ” ASEAN AWARENESS FOR ACCOUNTANTS” series or the “3A series”.

“The ASEAN MRA was signed last November 2014 by all ASEAN member states.  It will be a matter of time when the MRA will be implemented and will affect our entire accountancy profession,” BoA Chairman Joel Tan-Torres said.  “We have been attending meetings of the ASEAN accountancy regulators and a road map has already been formulated that will soon result in the enhanced mobility of ASEAN accountants within the region, ” Chairman Tan-Torres added.

In order that all stakeholders in the accountancy profession are made aware of these important developments in the MRA, the BoA will be posting information materials on the MRA in its Face Book (FB) and website.  Furthermore, flyers and brochures on the MRA will be published and disseminated.  The Continuing Professional Development seminars and modules will offer topics on the MRA.

“We need to be prepared and ready to meet the opportunities that the MRA will bring.  At the same time, we should all be ready to face the competition from the other ASEAN countries that will result in challenges  to our accountants,” Chairman Tan-Torres said.

The followers of the BoA FB are encouraged to post questions and topics that they would want to be included in this 3A series.  The topics can be also be emailed to boa.secretariat@gmail.

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AFA Letter: Update on the ASEAN Federation of Accountants Projects to support the development of the Accountancy Profession in the Southeast Asia Region

Download a copy of the letter here : AFA Letter

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DO YOU KNOW YOUR ASEAN MRA on ACCOUNTANCY ?

DOWNLOAD FILE HERE : FOR PRESS RELEASE AND DISSEMINATION (SEPTEMBER 24, 2014)

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House Resolution No. 187 : ASEAN MRA Affecting 7 Professional Services

DOWNLOAD RESOLUTION HERE : HO– USE RESOLUTION NO. 187

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ACCA Article on MRA

DOWNLOAD ARTICLE HERE : ACCA ARTICLE ON MRA

 

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BoA Report on MRA (July 9, 2015)

 

DOWNLOAD FILE : BoA Report (July 9, 2015)

 

 

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Learn more about the upcoming ASEAN Mutual Recognition Arrangement for Accountants.

Download a copy of the ASEAN MRA Accountancy Handbook now.

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Download and read the full text of the ASEAN Mutual Recognition Arrangement below.

MRA on Accountancy