Can accountancy be considered a profession Explain your answer When is a CPA considered to be in Public practice Commerce and industry Education or the academe Government How is the Accountancy profession being regulated Describe the major objectives of the following organizations Professional Regulation Commission Professional Regulatory Board of Accountancy Securities and Exchange Commission Commission on Audit Bangko Sentral ng Pilipinas Bureau of Internal Revenue Insurance Commission Regarding the Board of Accountancy, provide the following information Composition Nomination and appointment process Term (in years) Qualifications of Board members Powers and functions (give at least five) Grounds for removal or suspension Regarding the Commission on Audit, provide the following information Composition and Appointment Term (in years) Qualifications of COA members Principal duties What is the accredited national professional organization of CPA in the Philippines Identify the sectoral organization for each of four sectors of accounting practice What is FRSC What is AASC Provide the following information for the FRSC and AASC, respectively a Type of standards being issued b Composition c Term (in years) d International foreign counterpart May a foreign CPA practice accountancy in the Philippines What are the qualification requirements What is continuing professional development How many CPD credit units must be earned in three years What would happen if the CPA does not meet CPD requirements How can a Professional Accountant become an ASEAN Chartered Professional Accountant What are the allowable forms of organization for the practice of public accountancy in the Philippines Why are corporations not allowed as a legal form of organization for the practice of accountancy Give at least three duties and responsibilities performed by the following Associate Senior associate Manager Partner What is a certificate of accreditation What are the ethical principles involved in choosing the name for a CPA firm Explain the different considerations in setting up and maintaining an accounting practice Compliance with government and legal requirements Location and work environment Technology Human resources Is advertising allowed in the Philippines What are the different forms of acceptable publicity according to the Board of Accountancy What are the factors considered in determining fees How are they billed to clients A partner dies, causing the dissolution of the partnership where he serves as managing partner What are the reporting responsibilities of the partnership to the BOA

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Question: Can accountancy be considered a profession? Explain your answer. When is a CPA considered to be in: Public practice? Commerce and industry? Education or the

Can accountancy be considered a profession? Explain your answer.
When is a CPA considered to be in:
- Public practice?
- Commerce and industry?
- Education or the academe?
- Government?
How is the Accountancy profession being regulated?
Describe the major objectives of the following organizations:
- Professional Regulation Commission
- Professional Regulatory Board of Accountancy
- Securities and Exchange Commission
- Commission on Audit
- Bangko Sentral ng Pilipinas
- Bureau of Internal Revenue
- Insurance Commission
Regarding the Board of Accountancy, provide the following information:
- Composition
- Nomination and appointment process
- Term (in years)
- Qualifications of Board members
- Powers and functions (give at least five)
- Grounds for removal or suspension
Regarding the Commission on Audit, provide the following information:
- Composition and Appointment
- Term (in years)
- Qualifications of COA members
- Principal duties
What is the accredited national professional organization of CPA in the Philippines? Identify the sectoral organization for each of four sectors of accounting practice.
What is FRSC? What is AASC? Provide the following information for the FRSC and AASC, respectively:
- a. Type of standards being issued
- b. Composition
- c. Term (in years)
- d. International/foreign counterpart
May a foreign CPA practice accountancy in the Philippines? What are the qualification requirements?
What is continuing professional development? How many CPD credit units must be earned in three years? What would happen if the CPA does not meet CPD requirements?
How can a Professional Accountant become an ASEAN Chartered Professional Accountant?
What are the allowable forms of organization for the practice of public accountancy in the Philippines?
Why are corporations not allowed as a legal form of organization for the practice of accountancy?
Give at least three duties and responsibilities performed by the following:
- Associate
- Senior associate
- Manager
- Partner
What is a certificate of accreditation?
What are the ethical principles involved in choosing the name for a CPA firm?
Explain the different considerations in setting up and maintaining an accounting practice:
- Compliance with government and legal requirements
- Location and work environment
- Technology
- Human resources
Is advertising allowed in the Philippines?
What are the different forms of acceptable publicity according to the Board of Accountancy?
What are the factors considered in determining fees? How are they billed to clients?
A partner dies, causing the dissolution of the partnership where he serves as managing partner. What are the reporting responsibilities of the partnership to the BOA?

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