The members of the Professional Regulatory Board of accountancy shall be appointed by the

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At - 002 Professional Regulatory Board of Accountancy

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Any position in any businessor company in the private sector which requires supervising the recording of financial transactions, preparation of financial statements, coordinating with the external auditors for the audit of such financial statements and other related functions shall be occupied only by a duly registered CPA if the business or company where the above position exists has
a.An annual revenue of at least P5,000,000.00
b.A total asset of at least P10,000,000
c.A paid-up capital of at least P10,000,000.00
d.A paid-up capital of at least P5,000,000.00

7.The members of the Board of Accountancy shallbe appointed by theA.Philippine Institute of CPAs (PICPA)B.Professional Regulation Commission (PRC)C.President of the PhilippinesD.Association of CPAs in Public Practice(ACPAPP)

8.If the PICPA fails to submit to the PRC its ownnominees within 60 days prior to the expiry ofthe term of an incumbent chairman or memberof the Board of Accountancy, the PRC inconsultation with the BOA shall ssubmit to thePresident a list of how many nominees foreeach vacant positions?

9.A member of the BOA shall, at the time of his/herappoinment, possess which of the followingqualifications?

C.Must be a Filipino citizen and a resident of thePhilippines.D.Must be a natural born citizen and a resident ofthe Philippines.

10. The chairman and members of the Board ofAccountancy shall hold office for a term ofA.2 yearsB.3 yearsC.4 yearsD.5 years

11.According to Section 7 of the IRR, no personshall serve in the Board of Accountancy formore than

12.Which of the following is a function of the Boardof Accountancy?I.To prescribe and adopt the rules and regulationsnecessary for carrying out the provisons of thePhilippine Accountancy Act of 2004.II.Tosupervise the regulation, licensure, and practiceof accountancy in the Philippines.III. To issue,suspend,revoke, or reinstate the certificateof registration for the practice of the accountancyprofession.

13. The Board of Accountancy shall elect a vicechairman from among its members for a term of

14. According to Section 9(A) of the IRR, thecommission, upon the recommendation of the

Who are the members of the professional Regulatory Board of accountancy?

Who appoints the chairman and members of the FRSC?

How many members does the PRC CPE Council have?

Who is the regulatory body for the accountancy practice in the Philippines?