PROFESSIONAL REGULATORY BOARD OF ACCOUNTANCY

Resolution No. __

Series of 2015

REQUIRING all PARTNERS IN PARTNERSHIPS AND Certified Public Accountant (cpa) staff in FIRMS AND PARTNERSHIPS TO comply with the requirements UNDER Republic Act 9298 AND THE IMPLEMENTING Rules and regulations COVERING REGISTRATION AND ACCREDITATION OF CPAS IN PUBLIC PRACTICE.

WHEREAS Section 31 of Republic Act (RA) 9298 provides that individual certified public accountants, firms and partnerships of certified public accountantsengaged in the practice of public accountancy, including the partners and staff members thereof, shall register with the Commission and the Board, such registration to be renewed every three years;

WHEREAS as presently implemented, the partners and CPA staff members of partnerships and firms are not being registered or accredited;

WHEREAS, as a matter of effective regulation of the standards in public practice of the accountancy profession it is necessary to strictly enforce the registration and accreditation requirements for all CPAs engaged in public practice without exception;

NOW IT IS HEREBY RESOLVED that all Certified Public Accountants in Public Practice including partners and CPA staff members in partnershipsand firms shall comply with the requirements under RA 9298 and the implementing rules and regulations covering registration and accreditation of CPAs in Public Practice.

FURTHER RESOLVED thatpartners and CPA staff members in partnershipsand firms shall accomplish the accreditation form prescribed in ANNEX “A” and complete the requirements prescribed in the checklist in ANNEX “B.”

FURTHER RESOLVED that partners and CPA staff members in partnerships and firms have until December 31, 2015 to file their accreditation forms in the Professional Regulatory Commission, and to complete all the Continuing Professional Development (CPD) requirements in the checklist until March 31, 2016.

FINALLY RESOLVED that the partners and CPA staff members in partnerships and firms who will be completing their CPD requirements until March 31, 2016 will have to submit the Affidavit of Undertaking prescribed in ANNEX “C” together with their accreditation form.

Let copies hereof be further furnished the Board, Office of the PRB Secretariat, Standards and Inspection Division, Legal and Investigation Division, all PRC Regional Offices, Philippine Institute of Certified Public Accountants, and such other relevant offices for information and guidance.

This Resolution shall take effect after fifteen (15) days following its publication in the Official Gazette or any newspaper of general circulation in the Philippines.

Done in the City of Manila this ____th day of ______.

JOEL L. TAN-TORRES

Chairman

GLORIA T. BAYSA

Vice-Chairman

ELISEO A. AURELLADO SAMUEL B. PADILLA

Member Member

CONCORDIO S. QUISAOT GERARD B. SANVICTORES

Member Member

ARLYN S. VILLANUEVA

Member

ATTESTED BY:

ATTY. LOVELIKA T. BAUTISTA

Officer-in-Charge

Office of the Secretary to the Professional Regulatory Board

APPROVED:

ANGELINE T. CHUA CHIACO

Officer in charge

YOLANDA D. REYES

Commissioner

Vacant

Commissioner

O-CH/O-CHI/O-CHII/ O-ASCOMM/PRB-BOA/DSRB

FCD/ATCC/YDR/ATG/JLT/LTB/SVO/mmg

ANNEX C

REPUBLIC OF THE PHILIPPINES)

CITY OF MANILA ) S.S.

AFFIDAVIT OF UNDERTAKING

I, ______, of legal age, Filipino, and a resident of ______, after having been duly sworn in accordance with law hereby depose and state that:

  1. I have filed an application for accreditation in the practice of public accountancy on ______pursuant to Board of Accountancy Resolution No. ______;
  1. I undertake to complete my Continuing Professional Development requirements prescribed in the Board of Accountancy Resolution No. 59, Series of 2012 on or before March 31, 2016;
  1. I am executing this affidavit to attest to the truth and veracity of the foregoing statements for whatever legal purpose it may serve;
  1. AFFIANT FURTHER SAYETH NAUGHT.

______

Affiant

SUBSCRIBED AND SWORN to before me this ______day of ______2015, at Manila Philippines, affiant exhibiting to me his/her ______issued on ______at______.

NOTARY PUBLIC

Doc. No.______

Page No.______

Book No.______

Series of 2015