REVISIONISTHECPAEXAMINATIONSUBJECTS
70thPICPAANNUALNATIONALCONVENTION
PuertoPrincesa,Palawan
November26,2015
Dr.GloriaT.Baysa
Vice-Chair,BoardofAccountancy
AccountancyProfessionProfile
-  Over170,000CPAsregistered
-  Over520accoun=ngschools
-  Over132,000enroleestoBSAeachyear
-  Over11,000accountancygraduateseachyear
-  Over20,000CPAexamineeseachyear
July
batch: 289
October batch: 258
-  About7,000CPApasserseachyear
-  Over5,800CPAsinpublicprac=ce
-  BoardofAccountancyistheregulator,educator,licensor,rule
maker,etc.allrolledintoone
NCR: 46.1%
• 
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• 
• 
• 
Administers3Licensureexamina=onseveryyear
AccreditsCPAsinpublicprac=ceandineduca=on
Conductsinspec=onsofschools&businessesestablishments
IssuesAAS&PFRS
AdministersCPDProgram
AccountancyProfessionProfile
Func=onsofBoardofAccountancy(con=nued):
•  IssuesSTPsforforeignaccountantstoworkinthe
Philippines
July batch: 289
October batch: 258
•  Overseestheinves=ga=onoferringaccountants
•  OverseestheAPOandthe4sectoralorganiza=ons
•  ReviewstheAccountancyProgramwithCHED
•  ConductsthesearchforthemostoutstandingCPAand
NCR: 46.1%
APO
•  ImplementstheASEANMRAforAccountancyServices
•  Providesoversightovergovernmentaccoun=ngmaZers
•  AZendstoPRCmaZers
•  AZendstointerna=onalaccoun=ngac=vi=es
Subjectstobeincludedinthe
newCPABoardExam
• FinancialAccounSngandReporSng
October batch: 258
July
289
• Abatch:
dvancedFinancialAccounSngandReporSng
• AudiSng
• ManagementAdvisoryServices
• TaxaSon
• RegulatoryFrameworkforBusinessTransacSons
NCR: 46.1%
Highlightsofthechange
1.  ReducSoninthenumberofsubjectsfromseven(7)to
six(6)
July
289
October batch: 258
2.  batch:
MergingaudiSngtheoryandpracSceintoone(1)subject
3.  MergingaccounSngtheoryandpracSceanddistribuSng
theperSnenttopicsinTheoryofAccounts,PracScal
AccounSngI,PracScalAccounSngIItoFinancial
NCR: 46.1%
AccounSngandReporSng,andAdvancedFinancial
AccounSngandReporSng
4.  SegregaSngBusinessLawandTaxaSonintoTaxaSonand
RegulatoryFrameworkforBusinessTransacSons
5.  RenamingManagementServicestoManagement
AdvisoryServices
Nextsteps
• 100%mappinghasbeendone
• IssuanceofthePRCResolu=onrevisingthesubjects
• Finaliza=onofsyllabusandTableofSpecifica=onsbyOctober
2015
• Coordina=onwiththeappropriateofficesinPRCtoimplement
thechange
• Prepara=onoftestques=onsforthetestbankundertheOB
framework
Nextsteps
• 2yeartransi=onforcondi=onalexaminees
• Conductofpublicawarenessandconsulta=ons
• Implementa=onfortheMay2016CPALicensureExamina=on
Syllabus
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tax
TOS
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tax
BOA
SCHOOLINSPECTION
LEGALBASIS
TheProfessionalRegulaSonCommissionthrough
July batch: 289
itsmandateRepublicActNo.8981calledthe
“PRCModernizaSonActof2000”andits
ImplemenSngRulesandRegulaSonsprovidesfor
theinspecSonandmonitoringofeducaSonal
insStuSonsbythevariousProfessional
RegulatoryBoards.
NCR: 46.1%
BOA
ThisregulatoryauthorityoftheBoardofAccountancy
iswithinthecontextofdevelopmentalregulaSon.
October batch: 258
NCR: 46.1%
PURPOSE
The purpose and objecSve of the
inspecSon is to observe, assess, and make
recommendaSonresulSngfromthereview
of the compliance of the Bachelor of
Science in Accountancy Program with the
p o l i c i e s , s t a n d a r d s a n d m i n i m u m
requirementsofthePRC.
July batch: 289
NCR: 46.1%
October batch: 258
TheinspecSonandreviewwillbeundertakenin
accordancewithPRCResoluSonNo.732Seriesof
2013enStled“GuidelinesintheConductof
InspecSonsandMonitoringofEducaSonal
InsStuSons.”
INSPECTIONACTIVITIES
1.Briefing–TheschoolrepresentaSvesshallbrief
the InspecSon Team on important and relevant
highlights of the Accountancy program, and the
InspecSon Team shall present and discuss the work
programwithschoolrepresentaSves.
2.ActualWork–TheInspecSonTeamshall
conductdocumentreview,interviews,ocular
inspecSonsand/orclassobservaSons.
October batch: 258
NCR: 46.1%
3.ExitConference–TheInspecSonTeam
shallinterviewinvitedschoolofficialsand
shallpresentanddiscusswithschool
representaSvesthefindingsand
recommendaSons,includingre-inspecSon
andcomplianceSmetables.
October batch: 258
Thisprocessisexpectedtobecompletedin
threetofourhours,unlessalongerSme
frameisagreeduponbytheInspecSonTeam
andtheschoolrepresentaSve.
October batch: 258
INSPECTIONTEAM
1.  PRCRepresentaSve/s
2. BOARepresentaSve/s
October batch: 258
INSPECTIONSCHEDULE
AnInspecSonLeheristobesentbythe
BOAChairindicaSngalloftheabove
includingthedateandSmeof
inspecSon.
October batch: 258
INSPECTIONCHECKLIST
A.Faculty
1.ListofAccountancyFacultywith
(supporSngdocumentsavailable):
a.PRCIDNumber
b.AccreditaSonNumberasAccredited
AccounSngTeacher
c.EducaSonalQualificaSon
d.NumberofYearsTeachingAccounSng
e.Status(Regular/Part-Sme/with
AdministraSveWork)
October batch: 258
f.AverageNumberofUnitsofTeaching
Load
g.EducaSonUnitsEarned
h.ClassSchedulefortheCurrentSemester
i.CPDUnitsAccumulatedthePastThree
Years
j.Self,Peer,SuperiorandStudent
EvaluaSonRaSngs(mostcurrent)
2.FacultyManual
3.FacultyDevelopmentProgram
October batch: 258
C.Library
1.LibraryPoliciesandGuidelines
2.AgencieswithwhichLibraryhasLinkages
3.ElectronicResources(withdescripSon)
4.LogbookofLibraryUsers
5.InventoryofLibraryFurnitureand
Equipment
July batch: 289
NCR: 46.1%
D.Facili=esandLaboratories
1.ListofFaciliSesandLaboratoriesIncluding
FuncSonRooms
2.ApprovedRequestofStudentsandFaculty
ontheUseofFaciliSes
3.PoliciesandGuidelinesontheUseofFaciliSes
andLaboratories
4.ListofLaboratoryEquipment
October batch: 258
NCR: 46.1%
E.Administra=on
1.FacultyDevelopmentPoliciesand
Guidelines
2.BudgetAllocaSonforFacultyDevelopment
July batch: 289
October batch: 258
Programs,StudentDevelopmentPrograms,
LibraryDevelopmentProgramandFaciliSesand
LaboratoriesDevelopmentProgramforthe
CurrentYear
3.ActualFacultyDevelopmentProgramsProvided
withBudgetthePastYear
4.CopyoftheSupervisoryProgramoftheDeanof
Accountancy
NCR: 46.1%
F.ReviewSchool
1.ReviewClassesIntegratedintheProgram,or
2.ReviewClassesProvidedbytheInsStuSon,or
3.EndorsedgraduaSngStudentstoaReview
School(pleaseidenSfy),or
4.StudentsChoosetheirReviewSchool(please
idenSfy).
5.StudentOptnottoTakeReviewClasses
G.Others
1.Awards/RecogniSonsoftheAccountancy
Program/School
2.ResultsofInspecSonsconductedbyCHEDand/or
otherrelevantInspecSonOrganizaSonsinthe
PastThreeYears
3.Others,____________________________________