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Public Accounting
Government Accounting
Private Accounting
Academe
Private Accounting
Under this field, we are in public practice
Render service as an individual practitioner
management services.
Association of CPAs in Public Practice
(ACPAPP)
Government Accounting
Under this field, we are to render services to
the government
We will gain employment in the National
Industry (ACPACI)
Academe
We can also join in the learning institutions
and be there as an Accounting Professor or
CPA reviewers
Association of CPAs in Education (ACPAE)
All CPA are members of the national
professional organization known as “Philippine
Institute of Certified Public Accountants”
(PICPA)
Basic Professional Values and Ethics
(a) Integrity – to be straightforward and honest in all professional and business relationships.
(b) Objectivity – to not allow bias, conflict of interest or undue influence of others to override
professional or business judgments.
(c) Professional Competence and Due Care – to maintain professional knowledge and skill at the
level required to ensure that a client or employer receives competent professional services based
on current developments in practice, legislation and techniques and act diligently and in
accordance with applicable technical and professional standards.
(e) Professional Behavior – to comply with relevant laws and regulations and avoid any action that
discredits the profession.
Core Competencies which entry level
CPA should possess:
Knowledge
Skills
Values
The CPAs knowledge must cover:
General knowledge
Organizational and business knowledge
Information Technology knowledge
Accounting Knowledge
The skills which every CPA should demonstrate include:
Intellectual
◦ Analysis
◦ Problem solving
◦ Strategic/Critical Thinking
Interpersonal
◦ Being a team player
◦ Persuasion, confidence and diplomacy
◦ Discreetness, open mind and patience
Communication
The values that CPAs should possess include:
Professional ethics
• Integrity
• Objectivity and Independence
• Professional competence and due care
• Confidentiality
• Professional behavior
Moral Values
the CPAs to be able to dicern between what
is morally right or wrong
The Accountancy Act of 2004
The Republic Act 9298 (RA9298) otherwise known as the "Philippine Accountancy Act of
2004" serves as the regulating law for the certified public accountants (CPAs) in the
Philippines. The act was officially promulgated on July 28, 2003 by the Congress of the
Philippines. Topics and its accompanying details are included in the CPA Board
Examinations as part of the Auditing Theory subject.
1. The scope of the profession's practice, which classifies the CPA profession into four
categories namely, Practice of Public Accountancy, Practice in Commerce and Industry,
Government Sector and Practice in Education/Academe.
2. The creation of the Regulatory Body for CPAs known as the Professional Regulatory
Board of Accountancy (BOA).
3. The admittance and licensure of qualified candidates for the CPA profession.
4. The guiding rules and law in the practice of accountancy which includes prohibitions,
limitations, accreditations and the continuing professional education (CPE).
5. The Penal and Final provisions.
www.picpa.com.ph/frsc.html?article=About%
20FRSC%20and%20PIC&page=FRSC&main_me
nu=AboutFRSC
https
://www.officialgazette.gov.ph/2004/05/13/r
epublic-act-no-9298
/