BOA Updates - Dr. Noe G. Quinanola
BOA Updates - Dr. Noe G. Quinanola
BOA Updates - Dr. Noe G. Quinanola
BOA UPDATES
BAGUIO CITY
February 22, 2019
BOARD OF
A C C O U N TA N C Y
DIRECTIONS AND PERSPECTIVE
2
T h e Fi l i p i n o C PA , a truly G LO C A L
Accountant
BOARD OF ACCOUNTANCY
MAIN THRUST FOR THE NEXT 5 YEARS
RA 9298: Declaration of
Policy
The State shall
develop and nurture COMPETENT
professional
accountants VIRTUOUS
PRODUCTIVE
Through inviolable, honest, effective, and
credible licensure examinations and
through WELL ROUNDED
4
3.
SEC.
EDUCATION
The standardization and
regulation of accounting
education
REGUL ATION
The supervision, control and
regulation of the practice of
EXAMINATION
accountancy in the Philippines The examination for
registration of certified public
accountants
T h e Re g u l a t o r y Fr a m e w o r k
CHED DEPED PRC PRC
Technical
Panels and
Committees
HIGHER EDUCATIONAL
PRLs
INSTITUTIONS CPD
Code of
ethics
PSGs TOS
6
Pass Rate
1 Low passing percentage in CPA
Board Examination
No. of Schools
2 About 520 schools all over the
country are offering BS Accountancy
LEVEL:
Examination
The Senior High
Plight
Present challenges
4 The introduction of Senior High
School seems to be problematic
7
C PA L E PA SS I N G
P E R C E N TA G E
National Pass Rate : Last 6 Examinations
42.94%
36.47% 35.13%
30.44% 28.92%
25.18%
PRUNING PROJECT
DONE? Termination of BSA programs for schools which
The quest for a better professional have remote capabilities of producing quality
regulation CPA candidates
FUTURE-PROOF
Periodic review of BSA Curriculum to
ensure that it caters to the needs of
time
REPRESENTATION
Make representations to Dep Ed as to
how BOA through PICPA can assist in
the ABM track in Senior High 9
New Accounting Programs-SY 2018
Out- of-Sync CPA Exam Syllabus not in synch with BSA curriculum
New CPAs are short of the required hard skills of the job because of
the tendency to depend on test banks in order to perform well in
Profe ssional
the examination
shor tfall
Exam results released more than a week after the last day of the
The long
exam
nights
11
Retention Schools must adopt retention program for
their BSA Offering
S Outcomes-
Outcomes-based questions based on TOS
based in the preparation of the examination
12
Formulate questions that would test hard
Hard
skills of the “job” rather than
skills concentrating on test of memory
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R E G U L AT I O N : Present Situation
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MO N IT OR
Strict monitoring on
P R O G RA M S compliance of practitioners
on accreditation
requirements, where
required 4
3
P R OJ E C T: R E NE W
Project License C PD
Renewal Provide the means that
CPAs can earn CPD
1 credits, from both local
2 R E VI E W and international
Review accreditation providers
process in all practice
areas to ensure that it
is demonstrative of
skills required
15
MO R E E T HI C S
Emphasis on ethics in the
P R O G RA M S programs of BOA and PICPA
7 8
C RO S S -BO R DE R
Encourage CPAs to explore Q AR
cross-border practice, where Implement Quality Assurance
opportunities exist Review for CPAs in Public
5 Practice
6 I N TE R NATI O NAL
Explore other areas of
international agreements for
accountancy practice of
Filipino CPAs
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PICPA
A very important partner of the Board of
Accountancy
PICPA is PRC – BOA’s AIPO
Let us support the proposed by-laws amendments
Globalization Trends In Our Midst
ASEAN MRA and the mobile accountant is coming
Bilateral MRAs soon to follow?
Global accountancy bodies and leaders in our
doorsteps
Partnerships with ASEAN accountancy regulators
Assistance from global developmental partners
World Bank A&A Report on Observance of
Standards and Codes (A&A ROSC)
ASEAN Mutual Recognition
Arrangement
DD SIGNING
1. ENGINEERING Dec. 2005
2. NURSING Dec. 2006
3. SURVEYING (Framework) Nov. 2007
4. ARCHITECTURE Nov. 2007
5. DENTISTRY Aug. 2008
6. MEDICINE Feb. 2009
7. ACCOUNTANCY Nov. 2014
ASEAN PRIORITY
Exchange
information and Provide
Promote adoption
Facilitate mobility enhance opportunities for
of best practices
of practitioners cooperation in capacity building
on standards and
within ASEAN respect of mutual and training of
qualifications
recognition of practitioners
practitioners
THE FUTURE IS NOW!