CONGRATULATIONS TO THE NEW CPA BOARD EXAM PASSERS OF THE OCTOBER 2016 BOARD EXAMINATIONS
For information on the topnotchers, top performiing schools, and topnotchers, go to:
You can use the hashtag #Proud2016NewCPAs in all your posts and communication about the exam results and the forthcoming oath taking.
Visit FB Proud 2016 new CPA for news and postings
EXAM APPLICATION GUIDELINES
OCTOBER 2016 CPA EXAM SCHEDULE AND INSTRUCTIONS
ANNOUCEMENT ON THE CERTIFIED PUBLIC ACCOUNTANTS LICENSURE EXAMINATION
IN MANILA, BAGUIO, CAGAYAN DE ORO, CEBU, DAVAO, ILOILO,LEGASPI, LUCENA AND TACLOBAN CITIES TO BE HELD ON OCTOBER 1, 2, 8, & 9, 2016
DATE AND TIME S U B J E C T S
SATURDAY, OCTOBER 1, 2016
7:00 A.M. – 7:45 A.M. General Instructions/Filling out of
8:00 A.M. – 11:00 A.M. Advanced Financial
Accounting and Reporting
Practical Accounting II – removal
SUNDAY, OCTOBER 2, 2016
8:00 A.M. – 11:00 A.M. Auditing
Auditing Theory – removal
1:00 P.M. – 4:00 P.M. Theory of Accounts – removal
SATURDAY, OCTOBER 8, 2016
8:00 A.M. – 11:00 A.M. Financial Accounting and
Practical Accounting I – removal
1:00 P.M. – 4:00 P.M. Management Advisory Services
Management Services – removal
SUNDAY, OCTOBER 9, 2016
8:00 A.M. – 11:00 A.M. Taxation
Business Law & Taxation-
1:00 P.M. – 4:00 P.M. Regulatory Framework for
Auditing Problems – removal
VARIOUS QUERIES HAVE BEEN ASKED ON THE SCHEDULE OF THE REMOVAL EXAMINATION FOR SIX SUBJECTS COVERED IN THE MAY 2016 CPA EXAMINATION.
ANSWER: The schedule is the same as that of the six subjects that have been scheduled as indicated ABOVE
- Check or verify your school/building assignments at the PRC official website (www.prc.gov.ph) or thru the Notices/ Announcements to be posted at the PRC premises two (2) to three (3) working days before the date of examination.
- Report to the school/building assignment before 6:30 a.m. on the first day of the examination to verify your room and seat number. BE PUNCTUAL. LATE EXAMINEES WILL NOT BE ADMITTED.
- Examinees are required to wear the following attire every examination day.
Male Examinees – Plain white polo shirt with collar (without any seal, logo, or
mark) decent pants or slacks
Female Examinees – Plain white blouse or shirt with collar (without any seal, logo
or mark) decent pants or slacks
- Bring the following on examination day:
a. Notice of Admission
b. Official Receipt
c. One (1) piece metered-stamped window mailing envelope
d. Two (2) or more pencils (No. 2)
e. Ball pens with BLACK ink only
f. One (1) piece long brown envelope
g. One (1) piece transparent plastic envelope (for keeping your valuables and other allowed items.
- NON-PROGRAMMABLE CALCULATORS (REFER TO LIST IN THE EXAMINEES GUIDE)
- The following are PROHIBITED inside the examination premises/rooms
a. Books, notes, review materials, and other printed materials containing coded data/information /formula.
b. PROGRAMMABLE CALCULATORS
c. CELLULAR PHONES, beepers, portable computers or similar gadget/devices.
d. Bags of any kind (ladies bag, shoulder bags, attaché’ case, backpacks, etc.)
e. Other examination aides and references not stated in this program.
DEADLINE FOR THE REGISTRATION TO TAKE THE BOARD EXAMINATION IS ON SEPTEMBER 12
DISSEMINATION NOTICE. FOR MORE INFORMATION, CONTACT email@example.com August 2016 ,
NEW CPAs REMINDED ON OATH AS PROFESSIONALS
On the occasion of the inauguration of the incoming elected officials led by President Rodrigo Duterte, the new CPAs are reminded on their legal obligation to take their oath as a requirement from them to practice their profession.
Section 19 of the Accountancy Law provides that “all successful candidates in the examination shall be required to take an oath of profession before any member of the Board or before any government official authorized by the Commission or any person authorized by law to administer oaths upon presentation of proof of
his/her qualification, prior to entering upon the practice of the profession.
“The BoA had oath taking events for the new CPAs in Manila, Cebu and Davao. Forthcoming are the oath taking in Baguio, Legazpi, Cagayan de Oro and Iloilo. Those who will not be able to attend this should take their oaths with government officials authorized administer this,” said BoA Chairman Joel Tan-Torres.
The Revised Administrative Code provides the list of officials authorized to administer oath. Section 21 of this Code provies that the following officers have general authority to administer oaths:
“President; Vice-President; Members and Secretaries of both Houses of the Congress; Members of the Judiciary; Secretaries of Departments; provincial governors and lieutenant-governors; city mayors; municipal mayors; bureau directors; regional directors; clerks of courts; registrars of deeds; and other civilian officers in the Philippine public service whose appointments are vested in the President of the Philippines and are subject to confirmation by the Commission of Appointments; all other constitutional officers; and notaries public. A person who by authority of law shall serve in the capacity of the officers mentioned above shall possess the same power.”
PRC Resolution No. 2006-313 also allows Filipino professionals based outside the Philippines to take the oath in the presence of the Philippine Embassy or Consulate and affix a passport photograph (colored with white background) to the oath form.
The CPA is required to go to the PRC to personally sign the Registry Book of Professionals as soon as he/she arrives from overseas or completes taking their oath from the other government official.
“The CPAs who had their oath by these alternative means will have to submit a copy of their “Panunumpa ng mga Propesyonal Lupon ng Accountancy” that is duly signed by the CPA and the government official who administered the oath to the Chairman of the Board of Accountancy in the PRC in Sampaloc Manila,” said Chairman Tan-Torres.
Copies of the souvenir program containing the names of all successful examinees of the May 2016 CPA Board Examinations (and other prior years examinations) are available for purchase at P100 per copy). Those interested can contact firstname.lastname@example.org for payment requirements and notification of where the souvenir program will be sent.
You can also visit the Facebook page exclusively devoted to the new CPAs who recently took their oath as professionals at Proud2016NewCPAs.
Introducing the page for the new CPAs who passed the May 2016 CPA licensure examination given by the Professional Regulatory Board of Accountancy.
You can use the hashtag #Proud2016NewCPAs in all your posts and communication.
Spread the Word
OATH TAKING OF NEW CPAs IN PICC SCHEDULED ON JUNE 20
BoA Chairman Joel Tan-Torres announced that the oath taking of the passers of the May 2016 CPA Board Examination is on June 20, 2016 in the Philippine International Convention Center.
“There will be two sessions for the oath taking in the morning and in the afternoon. Those with surnames begin with “A up to I” will take their oath in the morning, while those whose surnames begin with the letter “J to Z” will take their oath in the afternoon. The morning program starts at 830 AM while the afternoon will begin at 130 PM,” said Chairman Tan-Torres.
The oath taking fee is set at P600. Tickets will be issued in Room 202 to 204, Don Lorenzo Building (building in front of PRC) beginning May 26 until June 15, 2016 (excluding weekends and holidays). A limited number of tickets will also be available in PICC on June 20.
Each passer is entitled to secure one ticket for himself/herself and a maximum of two tickets for the companions.
A number of PRC regional offices and/or PICPA chapters in the various regions/cities outside Manila will also be holding the oath taking activities. The passers are encouraged to attend these activities in lieu of the PICC event.
More details about the oath taking will follow.
CONGRATULATIONS TO THE 2,967 PASSERS OF THE MAY 2016 CPA BOARD EXAMINATIONS. 42.8% OF THE 6,925 EXAMINEES PASSED THE EXAMINATION.
For complete results, go to this link
For complete results, go to this link
CLARIFICATIONS ON MAY 2016 CPA BOARD EXAMINATIONS
CLARIFICATIONS ON MAY 2016 CPA BOARD EXAMINATIONS
The PRC and BoA issued BoA Resolution 2016-114 clarifying the coverage of the CPA Board Examination beginning this May 2016 Examinations.
This resolution clarified that the topics on Code of Ethics and The Accountancy Law shall be included in the subject Auditing, and that the topic on Effective Communication to Stakeholders shall be included in all of the six subjects. Likewise, the resolution specified what proportion of the questions in all subjects will be “theoretical” or “practice/competence” in nature. The proportion ranges from that of a 30% theory and 70% practice to that of a 70% theory and 30% practice.
“The theory portion focuses on the basic concepts and principles while the practice/competence focuses on the problem solving or practical compliance or applications,” said Chairman Joel Tan-Torres.
ANNOUNCEMENT ON THE SCHEDULE OF THE SUBJECTS FOR THE MAY 2016 EXAMINATION
RESOLUTION NO. 275-2015 PROVIDES TOS FOR NEW CPA EXAM SUBJECTS
The details of the Table of Specifications (TOS) for the six new subjects of the CPA Licensure Examination are now available in BoA Resolution No. 275-2015. This will define the coverage for the CPA examinations starting for those which will be offered on May 2016. The examination is scheduled on May 11, 12, 15 and 16 this year. The examination venues are Manila, Baguio, Cagayan do Oro, Cebu, Davao, Iloilo and Legaspi. The deadline for registration for the examination is on April 18, 2016.
RESOLUTION NO. 274-2015 PROVIDES THE SYLLABI FOR NEW CPA EXAM SUBJECTS
The details of the syllabi for the six new subjects of the CPA Licensure Examination are now available in BoA Resolution No. 274-2015. This will define the coverage for the CPA examinations starting for those which will be offered on May 2016. The examination is scheduled on May 11, 12, 15 and 16 this year. The examination venues are Manila, Baguio, Cagayan do Oro, Cebu, Davao, Iloilo and Legaspi. The deadline for registration for the examination is on April 18, 2016.
SPECIAL OATH TAKING SCHEDULED ON DECEMBER 12
There will be a special oath taking of the passers of the October 2015 and other past CPA Board examinations who were not able to take their oath in the past.
This will be held on December 12, 2015, at 10AM at the AMV College of Accountancy,University of Santo Tomas, Espana Avenue, Manila.
The oath taking event will be co-sponsored by the NACPAE, the AMV College of Accountancy and the BoA.
Those interested to take their oath in this event can email email@example.com to signify their attendance on said induction and to indicate how many guests/companions they will be bringing.
The oath taking fee is set at P300. Tickets will be issued in Room 202 to 204, Don Lorenzo Building in front of the PRC. Sampaloc starting December 4 until December 11. Limited number of tickets will also be issued on December 12 in UST.
Tickets will be issued in Room 202 to 204, Don Lorenzo Building in front of the PRC. Sampaloc starting December 4 until December 11. Limited number of tickets will also be issued on December 12 in UST starting at 9 am
IMPORTANT ANNOUNCEMENTS ON INITIAL REGISTRATION AND OATH TAKING FOR PASSERS OF OCTOBER 2015 CPA BOARD EXAMINATION
The present procedure is that the CPA board exam passer is required to personally register in the PRC office where he/she had registered previously for the Board Examination. However, some of these passers are now facing a dilemma where they are now in their provinces on vacation/awaiting the job applications/oath taking and they are required to register in PRC Manila (in the case of those who took their exam in Manila) during the announced dates from Oct 26 to Nov 6. If they are to register during this period, they will be incurring costs and inconvenience to travel at least twice from their province to Manila for their initial registration and their attendance in the oath taking.
The release of the PRC license and Certificate is done initially at the oath taking venue. Subsequently, if the passer is not able to get these during the oath taking, the passer will have to secure these at the PRC office where the passer registered for the Board Exam.
To address the issues that have been raised , the following are prescribed as temporary measures for this initial registration, oath taking and release of PRC ID and certificate:
- Those passers who will not be able to register during the assigned Oct 26 to Nov 6 schedule can register thereafter after emailing at firstname.lastname@example.org their reason why they will not be able to so (example: will be out of the country on in far away province during this period)
- If reason is deemed to be valid, the passer can register after Nov, 6.
- Those who prefer to register in a PRC office different from that whey they registered for the Board Exam can do so with the understanding that the release of the PRC license and certificate dependent on the arrangements that PRC and BoA will arrive at. For this, the passer should email the reason for this,
- It is expected that aside from PICC, there will be several other venues where the oath taking of the passers will be held. The passer has the option of taking the oath in any of the venues, subject to the conditions set by the organizer of the oath taking (PICPA chapter, PRC regional office, etc.) and with the understanding that he/she may not be able to immediately get the PRC license/certificate on the same day as the oath taking. In this case, the passer will be governed by the procedures that the PRC and BoA will determine on the release of the PRC license/certificate.
- For the oath taking in PICC on November 22, each passer is entitled to buy one ticket for himsel/herself and another for his/her companion. Additional tickets, if still available, will be released after beginning November 13 in Don Lorenzo Building from said date until November 17, and in PICC on November 22.
- The passer can request for his/her representative to purchase his/her ticket with a written authorization.
- Those who are unable to take their oath in any of the venues, must email the BoA the reason for this and make arrangement for their oath taking prior to the release of their PRC license/certificate.
- The passer need not personally secure the tickets for the PICC oath taking and can authorize in writing his/her representative to get the tickets. Initially on October and first two weeks of November, the maximum number of tickets that a passer can get is two (2) tickets, one for the passer and the other for the companion/guest. After the 2nd week of November, an announcement will be made if additional tickets will be made available.
CONGRATULATIONS TO THE 5,468 SUCCESSFUL EXAMINEES OF THE CPA LICENSURE EXAMINATIONS
The Professional Regulation Commission (PRC) announces that 5,468 out of 13,317 passed the Certified Public Accountant Licensure Examination given by the Board of Accountancy in the cities of Manila, Baguio, Cagayan De Oro, Cebu, Davao, Iloilo, Legazpi and Lucena this October 2015.
The results were released in four (4) working days after the last day of examination.
The Board of Accountancy is composed of Joel L. Tan-Torres, Chairman; Eliseo A. Aurellado, Gerard B. Sanvictores, Gloria T. Baysa, Concordio S. Quisaot and Samuel B. Padilla, Members.
Registration for the issuance of Professional Identification Card (ID) and Certificate of Registration will start on October 26, 2015 but not later than November 6, 2015. Those who will register are required to bring the following: duly accomplished Oath Form or Panunumpa ng Propesyonal, current Community Tax Certificate (cedula), 1 piece passport size picture (colored with white background and complete nametag), 2 sets of metered documentary stamps and 1 short brown envelope with name and profession and to pay the Initial Registration Fee of P600 and Annual Registration Fee of P450 for 2015-2018. Successful examinees should personally register and sign in the Roster of Registered Professionals.
The date and venue for the oathtaking ceremony of the new successful examinees in the said examination WILL BE ANNOUNCED LATER.
The list of Topnotchers:
Click here to see the top performing schools in the October 2015 Certified Public Accountant Licensure Examination as per Commission Resolution No. 2010-547 series of 2010.
See the full list of successful examinees here : October 2015 CPA Licensure Examination Successful Examinees
OVER 13,000 TAKE THE CPA BOARD EXAMINATION
A total of 13,417 have registered to take the Certified Professional Accountant (CPA) Licensure Examination in eight testing venues throughout the Philippines. They will be taking their examinations on October 3, 4, 10 and 11, 2015
“We wish the best for all the examinees. In a matter of days, we will be able to congratulate the newest batch of CPAs,” said Chairman Joel Tan-Torres.
“This October 2015 batch of examinees will be the last group who will take the examinations based on the current syllabi. For the next examinations scheduled on May 2016, the new syllabi will be in place which will be the basis for the examination,” said Chairman Tan-Torres.
October 2015 CPA Licensure Examination Schedule Released
Click here for the schedule
MAY 2015 CPA LICENSURE EXAMINATION
The Professional Regulation Commission (PRC) has released the list of successful examinees for the May 2015 Certified Public Accountant (CPA) Examination.
Download the full list here.
We also congratulate the Top 10 Examinees with the highest scores.
OCTOBER 2014 CPA LICENSURE EXAMINATION