Volume 1,
Series 1
CPAs in Commerce and Industry's Accreditation Application, Extended

BoA Resolution no. 2016-115

It’s almost the deadline for the CPAs’ accreditation application filing which is set on April 30, 2016. Hardly a week before the appointed date, the Board of Accountancy finally relented to the public requests by consigning the BoA Resolution no. 2016-115 last April 26, 2016. Under this up-to-date resolution, the supposedly submission date of the Certificate of Compilation Services requirements will be extended until December 31, 2016. It is to bestow more time for the CPAs in commerce and industry to complete their pending CPD requirements. The Board is also reviewing which entities would be covered for the gross sale threshold requirement which is initially pegged at a gross sale of P10 million. Initially, this is questioned by several sectors as being too low. In result, they will be subjected for adjustment after consultations with the affected stakeholders and will be asked for comments and feedbacks via email ( regarding their thresholds.

Link to the resolution:

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