The Board of Accountancy issued BoA Resolution No. 358-2016 published in Philippine Star last January 7, 2016 that provided the rules of the gradual increase of the Continuing Professional Development (CPD) requirements for CPAs from 60 to 120 units and the shift from thematic to competency CPD framework. The resolution also contains the details on the various activities that can quality for the CPD requirements of a CPA, including those from the professional, academic and self directed tracks.
“BoA also is working on several other CPD initiatives, including the provision of online CPD courses; the assignment of Monitors and giving of a culminating test in CPD seminars; and online monitoring of CPD units earned,” said BoA Chairman Joel Tan-Torres.
According to PRC, the CPD Council for each regulated profession shall issue its Operational Guidelines to implement the provisions of Republic .Act. 10912 entitled “An Act Mandating and Strengthening the Continuing Professional Development (CPD) Program for all Regulated Profession, Creating the Continuing Professional Development Council, and Appropriating Funds therefor, and for Other Related Purposes.” This law was passed last July 21, 2016
BoA Resolution No. 358-2016 can be downloaded from the BoA website at boa.com.ph
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