CPAs’ Continuous Professional Development (CPD)

The Board of Accountancy(BOA) of the Professional Regulations Commission (PRC) in the Philippines issued a resolution, BOA Resolution 59 series of 2012, to amend and clarify the requirements of CPA’s BOA accreditation.

The resolution was passed to resolve issues on the achievement of the minimum requirements of the Accountancy Act of 2004 RA 9298, under the implementing rules passed through BOA Resolution 24 series of 2007 where a CPA should maintain a continuous professional education (CPE).

As a comparison of the old rule with the new rule on the CPA’s BOA Accreditation, we have summarized the differences below.

CPE

With the issuance of the new rule as discussed in the BOA Resolution 59 series of 2012, the Professional Regulations Commission and Board of Accountancy expects a greater number of CPAs applying for BOA accreditations.

4 thoughts on “CPAs’ Continuous Professional Development (CPD)”

  1. Does this mean that if a CPA was able to earn 60 CPD units within a year, he or she can already apply for Initial/renewal of BOA accreditation?

  2. The BOA resolution 59 of 2012 does not cover the other necessary requirements of BOA accreditation. In the absence of any pronouncement, the (3) THREE YEARS meaningful experience should still be achieved for those who are applying for an initial BOA Accreditation.

    Although for renewal of BOA accreditation, as long as the applicant obtained 60 CPD units within 3 years, he is qualified for the renewal of his accreditation.

    1. hi sir, is three years meaningful experience applicable only for public practice? what if i’m an accountant in a private company for 5 years, can i apply for certification from BOA?

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