Wilfredo Baltazar

Managing the risks of audit client acceptance or continuance

September 19, 2023 2:58 am

In the process of audit client acceptance or continuance, it is the responsibility of the CPA practitioner to uphold public trust by carefully choosing the client that they want to be associated with. The process of selecting the right client can make or break an auditing firm or the CPA practitioner. The auditing firm and the CPA practitioner should have sufficient and good understanding of the appropriate policies and procedures that have been implemented when determining whether a new client is to be accepted, as well as the continuance of those client relationship.

A review of the Philippine qualifications framework

May 07, 2023 12:42 pm

On January 16, 2018, the PQF became into law through the issuance of Republic Act No. 10968 entitled “An Act Institutionalizing the Philippine Qualifications Framework (PQF), Establishing the PQF-National Coordinating Council (PQF-NCC) and Appropriating Funds Therefor.” It is a collaborative program by the Department of Education (DepEd), Technical Education and Skills Development Authority (TESDA), Commission on Higher Education (CHED), Professional Regulation Commission (PRC) and Department of Labor and Employment (DOLE).

Quality assurance review  in horizon:  Equipping CPAs  in a transforming profession

July 05, 2022 10:13 am