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Chapter 13 Annex A

This document outlines the rules and regulations for accrediting the Philippine Institute of Certified Public Accountants (PICPA) as the national professional organization for CPAs. It notes that PICPA was originally recognized and accredited in 1975. The conditions for maintaining PICPA's accreditation are then listed, including requirements that its membership be open to all registered CPAs without discrimination, have a plan to enroll a majority of practicing CPAs within three years, and manage its finances prudently with a full-time executive director.

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Mary Joy Morallon Calagui
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109 views5 pages

Chapter 13 Annex A

This document outlines the rules and regulations for accrediting the Philippine Institute of Certified Public Accountants (PICPA) as the national professional organization for CPAs. It notes that PICPA was originally recognized and accredited in 1975. The conditions for maintaining PICPA's accreditation are then listed, including requirements that its membership be open to all registered CPAs without discrimination, have a plan to enroll a majority of practicing CPAs within three years, and manage its finances prudently with a full-time executive director.

Uploaded by

Mary Joy Morallon Calagui
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ANNEX “A”

Chapter 13
Prepared by Mary Joy Calagui
RULES AND REGULATIONS IMPLEMENTING
THE SECTION 30, ARTICLE IV OF THE
REPUBLIC ACT NO. 9298 OTHERWISE
KNOWN AS THE PHILIPPINE
ACCOUNTANCY ACT OF 2004:
• Accredited National Professional Organization of CPAs

• Renewal of Certificate of Accreditation

• Suspension/Cancellation of Accreditation
STATUS OF THE PHILIPPINE INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANT (PICPA)

Recognized by the Commission as


the APO on October 2, 1975 per
Accreditation No. 15.
CONDITIONS FOR THE
CONTINUITY OF THE
ACCREDITATION OF PICPA
• It is established.
• Its membership is open to all registered CPAs without discrimination.
• Its membership shall include CPAs in all sectors.
• It shall have a creditable plan to enlist into active membership within three (3) years, at least a
majority of the CPAs in the practice of accountancy.
• With fifteen (15) national directors shall be apportioned according to sectors in the four geographic
areas (eg. National Capital Region, Luzon, Visayas, and Mindanao).
• It shall judicious and prudent in the management of its financial statement.
• It shall have a full time career Executive Directors.
• It is registered with the SEC as a non-profit corporation.
• It has paid the prescribed accreditation fee.

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