BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

FINANCIAL ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
It is the body authorized by law to promulgate rules and regulations affecting the practice of the accountancy profession in the Philippines.
A
Board of Accountancy (BOA)
B
Philippine Institute of Certified Public Accountants (PICPA)
C
Securities and Exchange Commission (SEC)
D
Financial Reporting Standards Council (FRSC)
Explanation: 

Detailed explanation-1: -The Professional Regulatory Board of Accountancy (BOA), under the Republic Act 9298, Philippine Accountancy Act 2004, is responsible for the investigation and discipline (I&D) of any violations of the accountancy law by any professional accountant.

Detailed explanation-2: -The PICPA was founded in 1929 and is the accredited professional accountancy organization by the Philippines Professional Regulation Commission (PRC). Membership of the institute is mandatory for all professional accountants in the jurisdiction.

Detailed explanation-3: -9298(The Philippine Accountancy Act of 2004) provides that all certified public accountants (CPAs) shall abide by the requirements, rules and regulations on continuing professional education to be promulgated by the Board of Accountancy (BOA), subject to approval of the Professional Regulation Commission (PRC).

Detailed explanation-4: -Association of Chartered Certified Accountants (ACCA)

There is 1 question to complete.
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