and confidential information in the examination questions prior to the conduct

And confidential information in the examination

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and confidential information in the examination questions prior to the conduct of the said examination or tampering of grades. Sec. 12. Annual Report . - The Board shall, at the close of each calendar year, submit an annual report to the President of the Philippines though the Commission giving the detailed account of its proceedings and accomplishment during the year and making recommendations for the adoption of measures that will upgrade and improve the conditions affecting the practice of accountancy in the Philippines. ARTICLE III EXAMINATION, REGISTRATION AND LICENSURE Sec. 13. The Certified Public Accountant Examinations . - All applicants for registration for the practice of accountancy shall be required to undergo a licensure examination to be given by the Board in such places and dates as the Commission may be designate subject to compliance with the requirements prescribed by the Commission in accordance with Republic Act No. 8981. Sec. 14. Qualifications of Applicant for Examinations . - Any person applying for examination shall establish the following requisites to the satisfaction of the Board that he/she: is a Filipino citizen; is of good moral character;
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is a holder of the degree of Bachelor of Science in Accountancy conferred by the school, college, academy or institute duly recognized and/or accredited by the CHED or other authorized government offices; and has not been convicted of any criminal offence involving moral turpitude. Sec. 15. Scope of Examination . - The licensure examination for certified public accountants shall cover, but are not limited to, the following subjects: Theory of Accounts Business Law and Taxation Management Services Auditing Theory Auditing Problems Practical Accounting Problem I Practical Accounting Problem II The Board, subject to the approval of the Commission, may revise or exclude any of the subjects and their syllabi, and add new ones as the need arises. Sec. 16. Rating in the Licensure Examination . - To be qualified as having passed the licensure examination for accountants, a candidate must obtain a general average of seventy five percent (75%), with no grade lower than sixty-five percent (65%) in any given subject. In the event a candidate obtains the rating of seventy-five percent (75%) and above in at least a majority of subjects as provided for in this Act, he/she shall receive a conditional credit for the subjects passed: Provided, That a candidate shall take an examination in the remaining subjects within two (2) years from preceding examination: Provided, further, That if the candidate fails to obtain at least a general average of seventy-five percent (75%) and a rating of at least sixty-five percent (65%) in each of the subjects reexamined, he/she shall be considered as failed in the entire examination. Sec. 17. Report of Rating . - The Board shall submit to the Commission the rating obtained by each candidate within ten (10) calendar days after the examination, unless extended for just cause. Upon the release of the results of the examination, the Commission shall send by mailing the rating received by each examinee at his/her given address using the mailing envelop submitted during the examination.
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  • Spring '10
  • Gleim
  • International Financial Reporting Standards

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