BOA Expanding Horizons (ACPAPP GMM August 2014)

Report
BOA Chairman Joel L. Tan-Torres
May 18, 2014
The new Board of Accountancy and well wishers
The newly appointed BOA is committed to pursue
its mandate as prescribed in Philippine Accountancy
Law of 2004 and as required by the PRC in the context
of recent developments and available resources.
With the support of the PRC leadership and the
various stakeholders of the profession, the BOA and
the accountancy profession is ready in
Expanding Horizons
The essentials for Expanding Horizons:
 Commitment to pursue ALL mandates
 Support of and close coordination with PRC
and various stakeholders
 Provide and implement solutions for identified
constraints
 Implement an ASAP time line
Provide solutions for identified constraints:
Identified constraints
 Lack of resources
 Bureaucratic system
 Inherent nature of the BOA appointees
Provide solutions for identified constraints:
Provide solutions
 Work within the bureaucratic system with “Out of
the box” solutions
 Tap available internal and international resources
 Formulate an Executive Order to provide a support
organization
 Adopt the ASAP mind set
In Expanding Horizons, the BoA has identified sixty
seven (67) projects in six sectoral and interest areas:
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Public Practice
Commerce and Industry
Education
Government
International
Special Projects
PUBLIC PRACTICE PROJECTS
a.
Enhance the delivery of the Continuing Professional Development program
b.
c.
Implement an effective Quality Assurance Review system
Post the list of registered and accredited CPAs in the BoA website
d.
Mandate the submission of monitoring and management reports
e.
Review the accreditation system
f.
Coordinate with SEC, BSP, IC and CDA in the accreditation of CPAs in public practice
g.
Institute an effective rewards and sanction system
h.
i.
Streamline the audit standards setting process
Address the concerns of and issues pertaining to small practitioners
COMMERCE & INDUSTRY PROJECTS
a.
Encourage the participation of private firms in the internship
program for accounting students
b.
Streamline the accounting standards setting process
c.
Adopt a survey and feedback system on accountancy issues and matters
d.
Initiate a campaign for the renewal of PRC license and membership
in the APO
Enhance the competence and capability of members of the audit
committee of companies
e.
EDUCATION PROJECTS
a.
Conduct regular review of CPA examination syllabus and subjects
b.
c.
d.
e.
Enhance the administration of CPA licensure examination
Conduct regular review of curriculum of accounting schools
Review the accreditation system of accounting teachers
Conduct regular assessments of accounting schools
f.
Initiate a training/ education program for accounting technicians and agents of BPO
Institutionalize an internship program for accounting students
g.
h.
i.
Post the performance metrics of accounting schools
Coordinate the holding of accounting student’s or school’s competitions in various
discipline
j.
Work in further instilling in accounting students the sills or value of professional ethics, analytical
thinking, effective communication, and the use of technology tools
k. Expand JPIA involvement in accountancy issues and matters
l. Initiate a campaign for renewal of PRC license and membership in PICPA
m. Post the list of accredited CPA teachers in the BOA website
GOVERNMENT PROJECTS
a.
Initiate a campaign for the renewal of PRC license and membership
in the APO
b.
c.
Review the Continuing Professional Development
Pursue the mandatory inclusion of CPA qualifying standards for appointments
or promotions to relevant government positions
Coordinate with COA, DBM, SEC, and BSP on government accounting issues
and matters
Coordinate with BIR in its campaign on CPA tax compliance
Coordinate with the DOF for the operationalization of the Tax Academy for
the CPA officials and staff in the BIR, BOC and local government units
d.
e.
f.
SPECIAL PROJECTS
a.
b.
c.
d.
e.
f.
e.
f.
g.
h.
Pursue the immediate appointment of the 3 remaining vacancies
*Establish a branch office
*Work the issuance of an Executive Order to create a Technical and Secretariat Support Office for the BoA
*Pursue amendments of RA 9298
* Pursue the PGS Accountancy Roadmap initiative
*Conduct a Project Accntnt campaign
*Initiate an “Outstanding Sectoral Organization” and other award projects
Coordinate closely with PICPA in the administration of the Accountancy Week Celebration
*Enhance the administration of activities on the Oath taking of new CPAs
*Establish the effective social media and traditional media network
k.
l.
m.
n.
o.
p.
q.
r.
s.
t.
*up with a regularly issued newsletter entitled “News Ledger”
*Purse with a major newspaper company for an accountancy column entitled “Debit & Credit”
Publish a Technical Research Journal on a regular basis
*Publish brochures and flyers on BoA matters
*Create a BoA website
Establish a BoA library
Initiate the establishment of a Museum of Accountancy
Initiate the construction of a BoA building
* Pursue outreach projects
Establish linkages with accountancy related bodies
INTERNATIONAL PROJECTS
a.
Pursue the finalization and implementation of the ASEAN and other
countries’ MRA
b.
d.
Consider bidding for the hosting of the Secretariat for the ASEAN
Coordinating Committee of Accountancy
Implement the relevant recommendations of reports of World Bank, IMF, ADB
and other multilateral institutions
Conduct surveys or studies of best practices in other countries
e.
f.
Establish benchmarking accountancy practices with other countries
Establish linkages with donor or funding agencies for future projects
c.
Major developments in the accountancy practice
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Propagate the Mutual Recognition Arrangement
Implement the Quality Assurance Review
Propagate the Code of Ethics
Accelerate the Performance Governance System and
Accountancy Road map
Establish an extension office
Enhance the Public practitioner/educator accreditation system
Enhance the Continuing Professional Development
Prescribe the submission of management reports
Coordinate with BIR, BSP, SEC and PDIC on practitioner
compliance
Institute an effective reward and sanction system
Focus on concerns of Small practitioners
Create a BoA website
Major developments in the accountancy practice
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Lead the oath taking activities for 1,107 new CPAs in Sept. 2 in PICC
Establish linkages with accounting related certification bodies
Prescribe a Certificate of FS preparation by Chief Accountants
Review the CPA examination syllabus
Coordinate with CHED in the review of the accounting curriculum
Coordinate with DepEd in providing quality accounting teachers for
K to12
 Initiate an “Most Outstanding Sectoral Organization” award
 Encourage the establishment of more sectoral chapters
Major developments in the accountancy practice
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Inititate Project Accntnt
Implement Project “ABC of Accountancy atb.”
Come up with newsletter called “News Ledger”
Initiate a weekly newspaper column called “Debit and Credit”
Publish periodically a technical research journal called “Highest Standards”
Publish a coffee book entitled “Champion CPAs”
Prepare for the forthcoming resolutions
Pursue amendments in RA 9298
Propagate the social network: boa. Gov.ph and
email: [email protected]
BIG DREAMS
Establish an Accountancy Library
Establish an Accountancy Conference Area
Establish a Museum of Accountancy
Establish an Accountancy Building
www.facebook.com/boa.gov.ph
www.twitter.com/boa_gov_ph
OFFICIAL SITES
www.facebook.com/boa.gov.ph
www.twitter.com/boa_gov_ph
EXPANDING “EH”
1.
2.
3.
4.
5.
6.
EH Oath and commitment
Print and distribute EH flyers and brochures
Posting of EH tarpaulins
“Selfie” EH
Social media EH
EH Volunteer
With the support and cooperation of all stakeholders,
our accountancy profession is well on its ways towards
Expanding Horizons and becoming the No. 1
profession in the country
BOA Chairman Joel L. Tan-Torres

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