REVISION IS THE CPA EXAMINATION SUBJECTS 70 th PICPA ANNUAL NATIONAL CONVENTION Puerto Princesa, Palawan November 26, 2015 Dr. Gloria T. Baysa Vice-Chair, Board of Accountancy
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REVISIONISTHECPAEXAMINATIONSUBJECTS70thPICPAANNUALNATIONALCONVENTION
PuertoPrincesa,PalawanNovember26,2015
Dr.GloriaT.BaysaVice-Chair,BoardofAccountancy
AccountancyProfessionProfile
October batch: 258 July batch: 289
NCR: 46.1%
- Over170,000CPAsregistered- Over520accoun=ngschools- Over132,000enroleestoBSAeachyear- Over11,000accountancygraduateseachyear- Over20,000CPAexamineeseachyear- About7,000CPApasserseachyear- Over5,800CPAsinpublicprac=ce
- BoardofAccountancyistheregulator,educator,licensor,rulemaker,etc.allrolledintoone
• Administers3Licensureexamina=onseveryyear• AccreditsCPAsinpublicprac=ceandineduca=on• Conductsinspec=onsofschools&businessesestablishments• IssuesAAS&PFRS• AdministersCPDProgram
AccountancyProfessionProfile
October batch: 258 July batch: 289
NCR: 46.1%
Func=onsofBoardofAccountancy(con=nued):• IssuesSTPsforforeignaccountantstoworkinthePhilippines
• Overseestheinves=ga=onoferringaccountants• OverseestheAPOandthe4sectoralorganiza=ons• ReviewstheAccountancyProgramwithCHED• ConductsthesearchforthemostoutstandingCPAandAPO
• ImplementstheASEANMRAforAccountancyServices• Providesoversightovergovernmentaccoun=ngmaZers• AZendstoPRCmaZers• AZendstointerna=onalaccoun=ngac=vi=es
SubjectstobeincludedinthenewCPABoardExam
October batch: 258 July batch: 289
NCR: 46.1%
• FinancialAccounSngandReporSng• AdvancedFinancialAccounSngandReporSng• AudiSng• ManagementAdvisoryServices• TaxaSon• RegulatoryFrameworkforBusinessTransacSons
Highlightsofthechange
October batch: 258 July batch: 289
NCR: 46.1%
1. ReducSoninthenumberofsubjectsfromseven(7)to
six(6)2. MergingaudiSngtheoryandpracSceintoone(1)subject3. MergingaccounSngtheoryandpracSceanddistribuSng
theperSnenttopicsinTheoryofAccounts,PracScalAccounSngI,PracScalAccounSngIItoFinancialAccounSngandReporSng,andAdvancedFinancialAccounSngandReporSng
4. SegregaSngBusinessLawandTaxaSonintoTaxaSonandRegulatoryFrameworkforBusinessTransacSons
5. RenamingManagementServicestoManagementAdvisoryServices
Nextsteps
• 100%mappinghasbeendone
• IssuanceofthePRCResolu=onrevisingthesubjects
• Finaliza=onofsyllabusandTableofSpecifica=onsbyOctober2015
• Coordina=onwiththeappropriateofficesinPRCtoimplementthechange• Prepara=onoftestques=onsforthetestbankundertheOBframework
Nextsteps
• 2yeartransi=onforcondi=onalexaminees
• Conductofpublicawarenessandconsulta=ons
• Implementa=onfortheMay2016CPALicensureExamina=on
Syllabus
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BOASCHOOLINSPECTION
LEGALBASIS
TheProfessionalRegulaSonCommissionthroughitsmandateRepublicActNo.8981calledthe“PRCModernizaSonActof2000”anditsImplemenSngRulesandRegulaSonsprovidesfortheinspecSonandmonitoringofeducaSonalinsStuSonsbythevariousProfessionalRegulatoryBoards.
July batch: 289
NCR: 46.1%
BOA
October batch: 258
NCR: 46.1%
ThisregulatoryauthorityoftheBoardofAccountancyiswithinthecontextofdevelopmentalregulaSon.
PURPOSE
October batch: 258 July batch: 289
NCR: 46.1%
The purpose and objecSve of theinspecSon is toobserve,assess, andmakerecommendaSonresulSngfromthereviewof the compliance of the Bachelor ofScience in Accountancy Program with thepol ic ies , s tandards and min imumrequirementsofthePRC.
TheinspecSonandreviewwillbeundertakeninaccordancewithPRCResoluSonNo.732Seriesof2013enStled“GuidelinesintheConductofInspecSonsandMonitoringofEducaSonalInsStuSons.”
INSPECTIONACTIVITIES
1. Briefing–TheschoolrepresentaSvesshallbriefthe InspecSon Team on important and relevanthighlights of the Accountancy program, and theInspecSon Team shall present and discuss the workprogramwithschoolrepresentaSves.
October batch: 258
2.ActualWork–TheInspecSonTeamshallconductdocumentreview,interviews,ocularinspecSonsand/orclassobservaSons.NCR: 46.1%
October batch: 258
3.ExitConference–TheInspecSonTeamshallinterviewinvitedschoolofficialsandshallpresentanddiscusswithschoolrepresentaSvesthefindingsandrecommendaSons,includingre-inspecSonandcomplianceSmetables.
October batch: 258
Thisprocessisexpectedtobecompletedinthreetofourhours,unlessalongerSmeframeisagreeduponbytheInspecSonTeamandtheschoolrepresentaSve.
INSPECTIONTEAM
October batch: 258
1. PRCRepresentaSve/s2. BOARepresentaSve/s
INSPECTIONSCHEDULE
October batch: 258
AnInspecSonLeheristobesentbytheBOAChairindicaSngalloftheaboveincludingthedateandSmeofinspecSon.
INSPECTIONCHECKLIST
October batch: 258
A.Faculty1.ListofAccountancyFacultywith(supporSngdocumentsavailable):a.PRCIDNumberb.AccreditaSonNumberasAccreditedAccounSngTeacherc.EducaSonalQualificaSond.NumberofYearsTeachingAccounSnge.Status(Regular/Part-Sme/withAdministraSveWork)
October batch: 258
f.AverageNumberofUnitsofTeachingLoadg.EducaSonUnitsEarnedh.ClassSchedulefortheCurrentSemesteri.CPDUnitsAccumulatedthePastThreeYearsj.Self,Peer,SuperiorandStudentEvaluaSonRaSngs(mostcurrent)2.FacultyManual3.FacultyDevelopmentProgram
C.Library1.LibraryPoliciesandGuidelines2.AgencieswithwhichLibraryhasLinkages3.ElectronicResources(withdescripSon)4.LogbookofLibraryUsers5.InventoryofLibraryFurnitureandEquipment
July batch: 289
NCR: 46.1%
October batch: 258
NCR: 46.1%
D.Facili=esandLaboratories1.ListofFaciliSesandLaboratoriesIncludingFuncSonRooms2.ApprovedRequestofStudentsandFacultyontheUseofFaciliSes3.PoliciesandGuidelinesontheUseofFaciliSesandLaboratories4.ListofLaboratoryEquipment
October batch: 258 July batch: 289
NCR: 46.1%
E.Administra=on1.FacultyDevelopmentPoliciesandGuidelines2.BudgetAllocaSonforFacultyDevelopmentPrograms,StudentDevelopmentPrograms,LibraryDevelopmentProgramandFaciliSesandLaboratoriesDevelopmentProgramfortheCurrentYear3.ActualFacultyDevelopmentProgramsProvidedwithBudgetthePastYear4.CopyoftheSupervisoryProgramoftheDeanofAccountancy
F.ReviewSchool1.ReviewClassesIntegratedintheProgram,or2.ReviewClassesProvidedbytheInsStuSon,or3.EndorsedgraduaSngStudentstoaReviewSchool(pleaseidenSfy),or4.StudentsChoosetheirReviewSchool(pleaseidenSfy).5.StudentOptnottoTakeReviewClasses
G.Others1.Awards/RecogniSonsoftheAccountancyProgram/School2.ResultsofInspecSonsconductedbyCHEDand/orotherrelevantInspecSonOrganizaSonsinthePastThreeYears3.Others,____________________________________
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