For all these milestones and accomplishments, there is a need to assess once more the state of CPA Philippines, including what must be done to push forward the accounting education.
For a long time now, I have been an advocate for promoting and enhancing the CPA Philippines brand. The Certified Public Accountants of our country have long been serving the world and the Philippines. The centennial year of the accounting profession is now being commemorated this year. Yes, the Professional Regulatory Board of Accountancy has been churning out nearly 200,000 CPAs over the past 100 years since 1923 when BOA was created.
This is an important undertaking to update the building blocks of CPA Philippines. The last major endeavor to overhaul the PSGs was in 2017 when I, as the then chairman of BOA, collaborated with the CHED Committee for Accountancy in the issuance of CHED Memorandum Orders 27 to 30. CMO 29 to 30 prescribed three new specialized accounting degree programs of Management Accounting, Internal Auditing, and Accounting Information System.
I am sure that there will be a lively discussion during the two-day event. Employers will be able to address their concerns about whether the new accounting graduates that they hire are meeting their expectations. The educators will be able to ventilate their issues on how to increase the dire lack of teachers and the impact of the Covid-19 pandemic. Specialty organizations can share the best practices in competence building and global certifications.
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