The BoA resolutions on compilation certification continue to be effective for CPA compilers, who are under the jurisdiction of the Board of Accountancy. This requirement is legally allowed under the Accountancy Law and the attachment of the Certification as part of the audited Financial Statements (and not the Income tax return) is the one prescribed in BoA Resolution 3-2016.
The Accountancy Law and BoA resolutions continue to apply CPA compilers and to external auditors who are mandated to report non-compliance of their clients. To avoid sanctions from the BoA, all affected CPAs should comply with the provisions of the BoA resolutions.
Finally, it is to be noted that the BIR RMC in fact affirms the effectivity of the BoA compilation measures to begin on December 31 2016 Financial Statements. and does not contradict the BoA rules and resolutions.
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