PRESCRIBING THE RULES AND REGULATIONS FOR THE ACCREDITATION OF ACCOUNTING TEACHERS

WHEREAS, Republic Act No. 8981, otherwise known as the Professional
Regulation Commission (PRC) Modernization Act requires that only
licensed professionals may teach licensure subjects and provides for the
triennial renewal of the Professional Identification Card;

WHEREAS, Republic Act No. 9298, otherwise known as the Accountancy
Act of 2004 considers the teaching of accounting, auditing, management
advisory services, finance, business law, taxation, and other
technically related subjects as practice of accountancy and also
requires Certified Public Accountants (CPAs) to undergo Continuing
Professional Education (CPE);

WHEREAS, the PRC Modernization Act gives the power and responsibility
to the various Professional Regulatory Boards “to monitor the
conditions affecting the practice of the profession or occupation
under their respective jurisdictions and whenever necessary, adopt such
measures as may be deemed proper for the enhancement of the profession
or occupation and/or maintenance of high professional, ethical and
technical standards, xxx xxx [“PRC Modernization Act of 2000”, Sec. 9
paraphrasing supplied];

WHEREAS, the Board of Accountancy (BOA) has been given the specific
power, function, and responsibility by the Accountancy Act of 2004 to
“prescribe and adopt the rules and regulations necessary for carrying
out the provision of this Act” [Accountancy Act of 2004, Sec. 9 (a)];

WHEREFORE the BOA adopts the following rules and regulations covering the accreditation of Accounting Teachers:

I. COVERAGE:

Th e accreditation policy shall apply to all CPAs involved in the
teaching of accounting, auditing, management advisory services, finance
(which shall include working capital management, investment policies,
sources of financing for long-term capital projects), business law,
taxation, and other technically related subjects. This policy covers
those who teach accounting in the primary, secondary, tertiary and
graduate levels including CPA board review schools/centers that are
school-based.

The requirements in Section II, Nos. 2 and 3 below shall not
apply to those CPAs already engaged in teaching as of the date of the effectivity of these rules.

II. REQUIREMENTS FOR ACCREDITATION:

Th e following shall be the requirements for the accreditation of Accounting Teachers:

1. Possession of relevant Master’s degree. Any post-graduate
degree program in business, accounting, taxation, law, education and
related fields earned from any graduate school duly recognized by the
Commission on Higher Education (CHED) will qualify for this requirement.

2. Completion of 12 units of relevant education subjects from the CHED recognized schools.

a. For purposes of compliance, the 12 units may be earned
either from the undergraduate education program or from a graduate
degree program of any Higher Education Institution (HEI) duly recognized
by CHED. These subjects may include but not limited to the following:
Test and Measurement/Statistical Concepts for Teachers, Classroom
Management Concepts for Teachers, Curriculum Design Concepts for Teachers, Instructional Materials Preparation, and Teaching and Learning
with Computer based Technologies.

b. The 12 units may also be earned from in-service or in-house
trainings on these topics offered by schools or training centers.

c. The 12 units can also be a combination of in-service
trainings and units earned in an undergraduate or graduate education
programs.

d. CPAs who have passed the Teachers Board Exams and are
already licensed Professional Teachers shall be exempt from this
requirement.

3. A total of three years meaningful experience in actual
accounting work either in the Public Practice, Commerce and Industry or
Government sector.

a. The three years experience is total or cumulative and not necessarily continuing.

b. Meaningful experience shall be considered as satisfactory compliance of this requirement if it is earned in

i. commerce and industry and shall include significant
involvement in general accounting, budgeting, tax administration,
internal auditing, liaison with external auditors or any other related
functions; or

ii. government and shall include significant
involvement in general accounting, budgeting, tax administration,
internal auditing, liaison with the Commission on Audit or any other
related functions; and

iii. public practice and shall include at least one
year as audit assistant and at least two years as auditor in charge of
audit engagement covering full audit functions of significant clients.

4. Proof that the CPA has undergone Continuing Professional
Education (CPE)

The following shall be the proof of compliance with the
CPE:

a. Certification of CPE units from accredited CPE providers
issued by the Accredited Professional Organization, presently,
the Philippine Institute of Certified Public Accountants (PICPA), or

b. Certificates of Attendance or other proofs of meaningful
participation in other CPE programs as approved by the PRC/CPE Council
upon recommendation of the PICPA of the individual CPA of a minimum of
sixty (60) CPE credit units earned for the past immediate three (3)
years which shall include:

CPE credit units on Updates on Philippine Financial Reporting Standards (PFRS) including Interpretations thereof		15 units
CPE credit units on Updates on Philippine Standards on Auditing (PSA)		5 units
CPE credit units on Updates on subject area of specialization		10 units
CPE credit units on Taxation		4 units
CPE credit units on Professional Ethics		8 units
CPE credit units on Updates on subject areas relevant to teacher education		10 units
CPE credit units on relevant laws recently issued affecting business including recent SEC rulings and other areas as provided for in the IRR to R.A. 9298 Annex C		8 units
Total required CPE Credits		60 units

provided that a minimum of fifteen (15) credit units shall be earned in each year prior to renewal of accreditation.

III. REGISTRATION:

Individual accounting teachers shall register with the BOA and the
PRC in accordance with prescribed rules and shall not commence to teach
until a valid Certificate of Accreditation has been issued.

A. Documentary Requirements

1. Application for accreditation duly accomplished in the form
prescribed by the BOA, in three (3) copies with the required metered
documentary stamps. The application for registration shall contain such
information as may be required by the BOA including, but not limited to,
the following matters:

a. Name of the Individual CPA; telephone and/or facsimile
numbers, e-mail address, if any; Complete home address; The name of the
institution where he is presently connected or subjects that he intends
to teach;

b. Copy of valid CPA Board Certificate (required for initial accreditation);

c. Photocopy of expired Certificate of Accreditation of accounting teachers (required for renewal of accreditation);

d. Photocopy of valid PRC Identification Card;

e. Certified copy of his diploma/transcript of records of the relevant graduate degree program earned;

f . Certified copy of the transcript of records of the twelve (12) units of relevant education courses earned;

g. Certificate of CPE units earned;

h. A sworn statement by the Individual CPA that he has at least
three (3) years of meaningful experience in any of the areas of the
practice of accountancy as defined in Section II, paragraph 3 of these
Rules and Regulations. A detailed description of such work experience
should be attached to the sworn statement;

i. Valid NBI clearance;

j. Payment of prescribed accreditation fee in cash, postal
money order, manager’s check or bank draft payable to the
Professional Regulation Commission.

2. Any change with respect to the matters enumerated in Section
III, paragraph A should be reported in writing to the BOA, copy
furnished the Commission, within sixty (60) days from such change.

B. The Education Sector of the Accredited Professional
Organization which at present is the Philippine Institute of Certified
Public Accountants may be deputized by the BOA to assist in the
processing of accreditation of teachers as provided for in these Rules
and Regulations.

C. The BOA shall duly authenticate all applications for
accreditation received in proper form, and after having passed upon such
applications, shall recommend to the Commission the approval or
denial thereof not later than sixty (60) days after the receipt of the
aforesaid applications in proper form (i.e. with complete and proper
documentary requirements).

D. The Commission shall upon favorable recommendation of the BOA,
issued to the applicant the corresponding Certificate of Accreditation
to teach accounting.

IV. RENEWAL OF CERTIFICATE OF ACCREDITATION:

Unless sooner revoked, cancelled or withdrawn, said Certificate
of Accreditation shall be valid for three (3) years and renewable every
three (3) years.

V. PENALTY:

Any person who shall violate any of the provisions of this
Resolution, shall, upon conviction, be subjected to the penalties
provided in the Accountancy Act of 2004, its Implementing Rules and
Regulation (IRR) and in the Rules and Regulations prescribed by the PRC.

VI. TRANSITORY PROVISIONS:

1. Any tenured/full time/full load faculty member who does not
meet the requirements for accreditation in Section II as of the date of effectivity of these Rules and Regulations may be issued a Provisional
Accreditation which will be valid for a period not exceeding three (3)
years unless earlier withdrawn, revoked, or cancelled for cause by the
Board of Accountancy. Provisional Accreditation may be issued only once
and is not renewable.

2. The requirement shall also apply to (a) CPAs who want to join
the teaching profession for the first time; and (b) Returning teachers
who have not been teaching for the last five (5) years.

Let a copy hereof be furnished to the PRC and CHED Regional Offices and PICPA for dissemination to all concerned.

VII. EFFECTIVITY:

The accreditation of teachers shall take effect June 2008 or in
time for the School Year 2008-2009 provided that this resolution is
published in the Official Gazette or any newspaper of general
circulation in the Philippines for not later than fifteen (15) days
prior to the opening of classes for school year 2008-2009.

Adopted: 15 Apr. 2008

(SGD.) EUGENE T. MATEO Chairman
(SGD.) JOHN S. BALA Vice Chairman
(SGD.) MA. ELENITA B. CABRERA Member
(SGD.) RUFO R.MENDOZA Member	(SGD.) LUCILA C. TARIELA Member
Attested:
(SGD.) CARLOS G. ALMELOR Secretary, Professional Regulatory Boards
Approved:
(SGD.) LEONOR TRIPON-ROSERO Secretary
(SGD.) RUTH RAÑA-PADILLA Commissioner	(SGD.) NILO L. ROSAS Commissioner