THE PRC CPE COUNCIL: CREATION, COMPOSITION, TERMS OF OFFICE, FUNCTIONS, MEETINGS

i. Creation – The Board, upon approval by the PRC, shall create a Council within thirty (30)
days from the effectivity of this resolution. This shall be known as the PRC CPE Council which
shall assist the Board in implementing its CPE program.
ii. Composition – the PRC CPE Council shall be composed of a chairperson and two (2)
members.
iii. Terms of Office – The term of office of the chairperson of the PRC CPE Council shall be
coterminus with his/her incumbency in the PRC.
iv. Exercise of Powers and Functions – The PRC CPE Council shall, upon a majority vote,
exercise powers and functions which shall include but shall not be limited to the following:
i. Accept, evaluate and approve applications for accreditation of CPE providers
ii. Accept, evaluate and approve applications for accreditation of CPE programs,
activities or sources as to their relevance to the profession and determine the
number of CPE credit units to be earned on the basis of the contents of the
program, activity or source submitted by the CPE providers.
iii. Accept, evaluate and approve applications for exemptions from CPE requirements.
iv. Monitor the implementation by the CPE providers of their programs, activities or
sources.
v. Assess periodically and upgrade criteria for accreditation of CPE providers and CPE
programs, activities or sources.
vi. Perform such other related functions that may be incidental to implementation of
the CPE programs or policies.
v. Functions of the PRC CPE Council Chairperson. – The PRC CPE Council Chairperson shall
have the following functions:
i. To preside over the meetings of the PRC CPE Council.
ii. To direct or supervise the activities of the PRC CPE Council.
iii. To submit minutes of regular and special meetings within 30 days from date of said
meetings.
iv. To submit annual reports
V. To issue certificate of registration to CPE providers found by the Council to be qualified in
accordance with this Guidelines as well as certificate of accreditation of programs, activities
and sources.

vi. Secretariat – The Chairperson

i. Ensure that the sessions, meetings or proceedings of the PRC CPE Council are recorded;
ii. Prepare the minutes of all the meetings and proceedings of the PRC CPE Council;
iii. Receive applications for accreditation of CPE providers, programs, activities or sources;

iv. Submit to the PRC CPE Council applications for accreditation of aspiring CPE providers and CPE
programs, activities or sources;

iv. Release Certificates of Accreditation to CPE providers and programs, activities or sources;
and
Assist the PRC CPE Council by providing relevant statistical data on the renewal of
professional licenses and other related matters.
 The Secretary, shall exercise general supervision and control over the PRC CPE Council Staff, who
shall be selected by the Chairperson of the PRC from among the existing personnel of the PRC. The
PRC CPE Council Staff shall have, among others, the following functions:

i. Release CPE Certifications of credit units earned to the professionals;

iii. Maintain records of accredited CPE providers, on-going, continuing or completed CPE programs,
activities or sources, the list of participants and other relevant data.

vi. Meetings – The PRC CPE Council shall hold regular meetings once a month on dates to be
fixed by said Council. Special meetings may be called by a Chairperson or upon written
request of at least a member of the PRC CPE Council.
vii. Involvement of PICPA – The PRC CPE Council, if the need arises, may delegate to the PICPA
the processing of the application, keeping of all records for CPE providers and their
respective programs and credit units earned by each CPA who avail of the CPE programs and
related functions.

Fees and penalties

A. Application for initial registration, renewal, and request for reinstatement subject to 1000 pesos or
such amount as commission prescribed

B. Subject to review by the commission and depending on the gravity of the offense, the board staff
suspend or revoke the CPA certificate, certificate of registration and professional identification card of a
CPA, who commits any act that violates the Code of Ethics for Professional Accountants, Philippine
Accountancy Act of 2004 and any act that does not comply on professional ethical, and technical
standards.
C. Violations of these revised implementing rules and regulations shall include,

1. Engaging in public accounting practice without first registering with the board of the commission

2. Continuing to engage in the practice of public accountancy after the expiration of the registration

3. Continuing to engage in the practice of public accountancy after suspension, revocation or withdrawal
of the registration

4. Giving any false information, data, statistics, reports or other statement which tend to mislead

5. Giving any misrepresentation to the effect that registration was secured when in truth it was not
secured

6. Failure or refusal to undergo quality review

7. Failure to comply with the requirements

CPE OBJECTIVE

DEFINITION -

Continuing Professional Education (CPE) refers to the inculcation assimilation and acquisition of
knowledge, skills, proficiency and ethical and moral values after the initial registration of a professional
to raise and enhance the professional technical skills and competence

OBJECTIVE -

A. To provide and ensure the continuous education of a registered professional with the latest trends in
profession

B. To raise and maintain the professional capability for delivering professional services

C. To attain and maintain the highest standard and quality in the practice of his profession

D. To make globally competitive

E. To promote the general welfare of the public

NATURE -

The CPE programs consists of property planned and structured activities.

RATIONALE -
Voluntary compliance with the CPE program is an effective and credible means of ensuring competence,
integrity and global competitiveness of professional to allow them to continue the practice of their
profession.