On its 100th centenary year last month, 100 accountants were recognized by the profession for their exemplary contributions to the nation. I congratulate all and the unsung thousands of CPAs who in their own little ways made a collective difference. I am happy for many former mentors, corporate...
A major turning point with enormous implications in the accountancy practice was handed down by the Supreme Court lately. The en banc decision on petition for certiorari by the Securities and Exchange Commission (SEC) challenging the original decision of the Regional Trial Court of Davao City that...
Timing is everything, even when it comes to legislation. Albay 2nd district Rep. Joey Salceda Economist-solon Joey Sarte Salceda used the occasion of the 77th Annual National Convention of the Philippine Institute of Certified Public Accountants (PICPA) in Cebu City to explain why the proposed Ease...
Lately, we have often read news about different government agencies touting that they received the “highest audit rating” from the Commission on Audit (COA) by getting an unmodified audit opinion. But what exactly is a COA unmodified audit opinion? Is this really the highest COA audit rating...
The accountancy profession continues to face unprecedented challenges. According to the International Federation of Accountants, the profession is projected to face three major realities: the increasing use of sophisticated and smart technologies to enhance traditional ways of working; the...
The Philippine Institute of Certified Accountants (or PICPA) is the professional organization of Certified Public Accountants (or CPAs) in the Philippines. It has been awarded five times as Professional Regulation Commission's most outstanding Accredited Professional Organization (APO) among...
The accountancy profession in the Philippines is a highly regulated profession. It is regulated by the Professional Regulatory Board of Accountancy (PRBoA), Securities and Exchange Commission, Bangko Sentral ng Pilipinas, Insurance Commission and other regulatory bodies. Those CPAs engaged into...
Studying for the CPA profession is regarded as one of the toughest journeys many budding students avoid. For an ambitious student aiming at a good career and a good life for himself and for his family in the future, becoming a CPA is an excellent choice. Over five years, he has to have ample...
Major business groups in the country believe there is a need to restrict the activities of unvaccinated persons for the common good. “We do believe that the state and the private sector should be able to restrict the activities of unvaccinated persons for the common good,” said the 12 big...
Some 28 business and professional organizations in the country have expressed strong support as they called to uphold the independence of the Commission on Audit, which has uncovered “deficiencies” in its audit on the way government funds were being appropriated by government agencies. “We,...
