Philippine Accountancy Act of 2004 (RA9298) 1. The objective of the Philippine Accountancy Act of 2004 include! a. The tanda"di#ation and "e$ulation of accountin$ education b. The e%a&ination fo" "e$it"ation of ce"tified public accountant c. The upe"viion' cont"ol' and "e$ulation of the p"actice of accountancy in the Philippine. d. All of the above 2. hich of the folloin$ doe not contitute a p"actice of accountancy* a. A pe"on holdin$ out hi&elf a one +illed in the +noled$e and p"actice of accountin$ and a a ,ualified pe"on to "ende" p"ofeional e"vice a a -PA to &o"e than one client. b. A pe"on "ep"eentin$ hihe" e&ploye" befo"e $ove"n&ent a$encie on ta% and othe" accountin$ "elated &atte". c. A pe"on in educational intitution teachin$ accountin$' auditin$' buine la' ta%ation o" othe" technically "elated ubject. d. A pe"on i appointed a &a"+etin$ di"ecto" of a $ove"n&ent oned and cont"olled co"po"ation. /. hich of the folloin$ i not one of the ,ualification of the &e&be" of the oa"d of Accountancy* Accountancy* a. ut be a natu"albo"n -PA and a "eident of the Philippine. b. ut be a duly -e"tified Public Accountant ith at leat ten yea" e%pe"ience in p"actice of accountancy. c. ut be of $ood &o"al cha"acte". d. ut not have been convicted of c"i&e involvin$ &o"al tu"pitude. 4. hich i the leat function of the oa"d of Accountancy* a. To p"epa"e' adopt' iue o" a&end yllabi at the ubject fo" e%a&ination in conultation ith the acade&e. b. To p"epa"e ,uetion fo" the -PA licenu"e e%a&ination hich hall t"ictly ithin the cope of the yllabi of the ubject fo" e%a&ination. c. To inveti$ate violation of the RA 9298 d. To upe"vie P3-PA . The auditin$ tanda"d ettin$ body c"eated by the oa"d of Accountancy i +non a a. 5inancial Repo"tin$ 6tanda"d -ouncil (5R6-) b. Auditin$ 6tanda"d and P"actice -ouncil (A6P-) c. Accountancy 6tanda"d -ouncil (A6-) d. Auditin$ and Au"ance 6tanda"d -ouncil (AA6-)
7. The ecto" that i &ot "ep"eented in the AA6- i the
a. -o&&e"ce and 3ndut"y b. Acade&e c. ove"n&ent d. Public P"actice . hich of the folloin$ $ove"n&ent "e$ulato"y a$encie i not "ep"eented in the AA6-* a. 6ecu"itie and :%chan$e -o&&iion b. u"eau of 3nte"nal Revenue c. an+o6ent"aln$Pilipina d. oa"d of Accountancy 8. The folloin$ ,ualification of applicant fo" -PA licenu"e e%a&ination' e%cept a. ;e6he i a 5ilipino -iti#en b. ;e6he i of $ood &o"al cha"acte" c. ;e6he i a holde" of the de$"ee of achelo" of 6cience in Accountancy d. ;e6he i at leat 21 yea" of a$e 9. To be ,ualified a havin$ paed the -PA licenu"e e%a&ination a. The candidate &ut have a $ene"al ei$hted ave"a$e of at leat <. b. The candidate &ut not have a $"ade loe" than 7< in any $iven ubject. c. A and d. =eithe" A no" 10. hich of the folloin$ hall be iued to e%a&inee ho pa the -PA licenu"e e%a&ination* a. -e"tificate of acc"editation b. Pe"onal identification ca"d c. -e"tificate of "e$it"ation and p"ofeional identification ca"d d. -e"tificate of full co&pliance and PR- 3>. 11. The oa"d of Accountancy &ay iue ce"tificate of "e$it"ation and p"ofeional identification ca"d to any ucceful e%a&inee a. ?f unound &ind b. -onvicted by a cou"t of political offene. c. uilty of i&&o"al o" dihono"able conduct. d. ho ha falely "ep"eented hi&elfhe"elf in hihe" application fo" e%a&ination. 12. The oa"d of Accountancy &ay' afte" the e%pi"ation of @@@@@ yea" f"o& the date of "evocation of a ce"tificate of "e$it"ation' "eintate the validity of a "evo+ed ce"tificate of "e$it"ation b. / c. 4 d. a. 2 1/. ho i not pe"&itted by RA 9298 to p"actice public accountancy* a. A co"po"ation' hoe toc+holde" a"e all -PA. b. A $ene"al pa"tne"hip. c. A li&ited liability pa"tne"hip.
d. A ole p"op"ieto"hip. 14. 3f the application o" "e$it"ation to p"actice public accountancy of Tiu and -o. -PA' a app"oved on Ap"il /0' 2007' the "e$it"ation hall e%pi"e on a. 6epte&be" /0' 2008. b. 6epte&be" /0' 2009. c. Ap"il /0' 2009. d. >ece&be" /1' 2008. 1. A ce"tificate of acc"editation hall be iued to -PA in public p"actice only upon hoin$' in acco"dance ith "ule and "e$ulation p"o&ul$ated by the oa"d and app"oved by the PR-' that uch "e$it"ation ha ac,ui"ed a &ini&u& of @@@ yea" &eanin$ful e%pe"ience in any of the a"ea of public p"actice includin$ ta%ation. a. 2 c. 4 d. b. / 17. hich of the folloin$ o"$ani#ation ha been "eco$ni#ed by the -o&&iion on ?ctobe" 2' 19 pe" Acc"editation =o. 1' a Acc"edited P"ofeional ?"$ani#ation* a. oa"d of Accountancy (?A) b. Philippine 3ntitute of -PA (P3-PA) c. Aociation of -PA in public p"actice (A-PAPP) d. Aociation of -PA in :ducation (A-PA:) 1. The P3-PA hall "ene it ce"tificate of acc"editation once eve"y a. To yea" c. 5ou" yea" d. 5ive yea" b. Th"ee yea" 18. 3t involve a tudy o" app"aial by the oa"d o" it duly autho"i#ed "ep"eentative of the ,uality of audit of financial tate&ent th"ou$h an evaluation of the ,uality cont"ol &eau"e intituted by the -PA fi"& to ace"tain co&pliance ith ethical and technical tanda"d of the public p"actice. c. -o&pliance audit a. Buality "evie b. Pee" "evie d. :%te"nal audit 19. A body c"eated by the oa"d to conduct an ove"i$ht of the ,uality of the audit of financial tate&ent by "eviein$ the fi"& ,uality cont"ol i +non a! a. Buality Revie -o&&ittee (BR-) b. :ducational T"ainin$ -o&&ittee (:T-) c. 5inancial Repo"tin$ 6tanda"d -ouncil (5R6-) d. Auditin$ and Au"ance 6e"vice -ouncil (AA6-) 20. 5o" eve"y -P: e&ina" o" convention attended' pa"ticipant -PA hall $et a -P: c"edit e,uivalent to c. th"ee c"edit unit pe" hou". a. one c"edit unit pe" hou". b. to c"edit unit pe" hou". d. five c"edit unit pe" hou". 21. A "e$ite"ed p"ofeional hall be pe"&anently e%e&pted f"o& -P: "e,ui"e&ent upon "eachin$ the a$e of a. yea" old c' 70 yea" old
b.
7 yea" old d. 0 yea" old 22. A "e$ite"ed -PA ho 3 o"+in$ o" p"acticin$ hi p"ofeion o" fu"the"in$ ab"oad hall be te&po"a"ily e%e&pted f"o& co&pliance ith -P: "e,ui"e&ent du"in$ the pe"iod of hi tay ab"oad' p"ovided that p"io" to the date o" "eneal he ha been out of the count"y fo" at leat a. 5ou" yea" c. To yea" b. Th"ee yea" d. ?ne yea" 2/. Affi%in$ the -PA eal and i$natu"e on the audito" "epo"t i an indication of! a. -PA acceptance of "eponibility fo" the financial tate&ent audited. b. -o&pliance by the -PA of the "e,uiite accountin$ and auditin$ tanda"d and "ule. c. -PA acc"editation to p"actice public accountancy. d. 5ai" p"eentation of financial tate&ent audited. 24. hich of the folloin$ function to p"o&ul$ate auditin$ tanda"d* a. =ational Acc"edited P"ofeional ?"$ani#ation b. 5inancial Repo"tin$ 6tanda"d -ouncil c. A-PAPP d. Auditin$ and Au"ance 6tanda"d -ouncil 2. -PA' fi"& and pa"tne"hip of -PA en$a$ed in the p"actice of public accountancy includin$ pa"tne" and taff &e&be" the"eof' hall "e$ite" ith the -o&&iion and the oa"d' uch "e$it"ation to be "eneed eve"y a. Th"ee yea" on o" befo"e >ece&be" /1 b. Th"ee yea" on o" befo"e 6epte&be" /0 c. To yea" on o" befo"e >ece&be" /1 d. To yea" on o" befo"e 6epte&be" /0 27. :&e"ald' -PA i applyin$ fo" "eneal of hi p"ofeional licene. ;e i e%e&pted f"o& the -P: "e,ui"e&ent a. 3f he i at leat 7 yea" old b. 3f he i o"+in$ ab"oad and he ha been out of count"y fo" at leat to yea" i&&ediately p"io" to the date of "eneal c. :ithe" A o" d. Cnde" no ci"cu&tance 6ou"ce! (127)Auditin$ Theo"y by 6aloa$col' Tiu and ;e"&oilla
2. hat i the le$al bai of the Philippine Accountancy Act of 2004* c. 6enate ill =o. 248 a. RA 9298 b. P> 792 d. ;oue ill =o. 778 28. 3t i the pecific o"$ani#ation &andated by the la to p"o&ul$ate "ule and "e$ulation affectin$ the p"actice of Accountancy.
a. P"ofeional Re$ulation -o&&iion (PR-) b. P"ofeional Re$ulato"y oa"d of Accountancy (oA) c. Philippine 3ntitute of -e"tified Public Accountant (P3-PA) d. Accountin$ 6tanda"d -ouncil (A6-) 29. 3t i the o"$ani#ation c"eated by P3-PA in 1981 to fo"&ali#e the accountin$ tanda"dettin$ function and etablih $ene"ally accepted accountin$ p"inciple (AAP) in the Philippine. a. Accountin$ 6tanda"d -ouncil (A6-) b. Aociation of the -PA in :ducation (A-PA:) c. Aociation of -PA in Public P"actice (A-PAPP) d. P"ofeional Re$ulato"y oa"d of Accountancy (oA) /0. The Accountin$ 6tanda"d -ouncil (A6-) ued to be co&poed of the no&inee f"o& all the folloin$ o"$ani#ation' e%cept a. u"eau of 3nte"nal Revenue (3R) b. Philippine 3ntitute of -e"tified Public Accountant (P3-PA) c. 6ecu"itie and :%chan$e -o&&iion (6:-) d. an$+o6ent"aln$Pilipina (6P) /1. Pu"uant to the 3RR of the Philippine Accountancy Act of 2004' the Accountin$ 6tanda"d -ouncil (A6-) a "eplaced by the a. Auditin$ and Au"ance 6tanda"d -ouncil (AA6-) b. 5inancial Repo"tin$ 6tanda"d -ouncil (5R6-) c. Aociation of -PA in :ducation (A-PA:) d. :ducation Technical -ouncil (:T-) /2. The nu&be" of &e&be" (includin$ the chai"&an) in the 5inancial Repo"tin$ 6tanda"d -ouncil. a. 12 c. 14 b. 1/ d. 1 //. The 5inancial Repo"tin$ 6tanda"d -ouncil (5R6-) i co&poed of no&inee f"o& all of the folloin$' e%cept a. -o&&iion on Audit (-oA) b. u"eau of 3nte"nal Revenue (3R) c. 5inancial Accountin$ 6tanda"d oa"d (5A6) d. P"ofeional Re$ulato"y oa"d of Accountancy (oA) /4. aed on 3RR' ho lon$ in yea" i the "eneable te"& of the chai"&an and &e&be" of 5R6-* a. 2 c. 4 d. b. / /. The chai"&an of 5R6- &ut be o" &ut have been a enio" accountin$ p"actitione" in a. Public p"actice c. ove"n&ent o" education b. -o&&e"ce and indut"y d. Any cope of accountin$ p"actice
/7. 3t function i to ait 5R6- in etablihin$ and i&p"ovin$ financial "epo"tin$ tanda"d in the Philippine a it iue i&ple&entation $uidance on e%itin$ P5R6. a. oa"d of Accountancy c. P"ofeional Re$ulation -o&&iion b. :ducation Ta+ 5o"ce d. Philippine 3nte"p"etation -o&&ittee /. Cnde" PA6 1' the te"& DP5R6E hall be co&p"ied of a. PA6 only c. P5R6 and PA6 b. P5R6 only d. P5R6' PA6 and 3nte"p"etation /8. The accountin$ body that "eplaced the 3nte"national Accountin$ 6tanda"d -o&&ittee (3A6-) in 2001. a. 6tandin$ 3nte"p"etation -o&&ittee (63-) b. 3nte"national Accountin$ 6tanda"d oa"d (3A6) c. 6tanda"d Advio"y -ouncil (6A-) d. Accountin$ P"inciple oa"d (AP) /9. hat i the b"anch of accountin$ that i &ot "elated ith the accountin$ ecto" DAociation of -PA in -o&&e"ce nd 3ndut"y (A-PA-3)*E a. Public accountin$ c. ove"n&ent accountin$ d. Accountin$ education b. P"ivate accountin$ 40. ho i not a p"eent &e&be" of the P"ofeional Re$ulato"y oa"d of Accountancy (oA)* a. Atty. :u$ene ateo c. >". Rufo endo#a b. ". Foe Taya$ F". d. >"a. lo"ia Ga&o"a 41. ho i not a p"eent &e&be" of the 5inancial Repo"tin$ 6tanda"d -ouncil (5R6-)* a. >avid alan$ue c. "e$o"io =ava""o d. :te" Hede&a b. Fudith Hope# 42. ho ued to be p"eident of the Aociation of -PA in :ducation (A-PA:) that no e"ve a advie" of the aid Aociation* a. Ae" Ta&ayo and Foe 3"eneo c. Ae" Ta&ayo and Antonio >aya$ b. Antonio and -on"adoCbe"ita d. -on"adoCbe"ita and Foe 3"eneo 4/. The Philippine Accountancy Act of 2004Ihall p"ovide and $ove"n! a. The tanda"di#ation and "e$ulation of accountin$ education. b. The e%a&ination fo" "e$it"ation and -e"tified Public Accountant. c. The upe"viion' cont"ol and "e$ulation of the p"actice of accountancy in the Philippine. d. All of the ane". 44. hich o"$ani#ation() hahave the p"i&a"y duty of effective enfo"cin$ the p"oviion of RA 9298* 3. P"ofeional Re$ulato"y oa"d of Accountancy 33. >epa"t&ent of Futice 333. P"ofeional Re$ulation -o&&iion 3J. Philippine 3ntitute of -e"tified Public Accountant
a. 3 and 33 b. 33 and 333 c. 3' 333 and 3J d. 3 and 333 4. A p"ofeional identification ca"d ha a validity of! a. 1 yea" b. 2 yea" d. 4 yea" c. / yea" 47. -PA &ay p"actice public accountancy unde" the folloin$ fo"& of o"$ani#ation' e%cept! a. 6ole p"op"ieto"hip c. Hi&ited liability pa"tne"hip b. ene"al pa"tne"hip d. -o"po"ation 4. Thi i the t"aditional e"vice p"ovided by -PA fi"&. a. -o&pilation. c. Revie d. Ta% e"vice b. Audit. 48.Alllicened -PA hall obtain and ue a eal of a dei$n p"ec"ibed by the a. Accountin$ 6tanda"d -ouncil. c. oa"d of Accountancy b. Philippine 3ntitute of -PA. d. PR49. The -PA hall be "e,ui"ed to indicate hich of the folloin$ nu&be" on the docu&ent hehe i$n' ue o" iue in connection ith the p"actice of the p"ofeion! a. -PA -e"tificate of Re$it"ation nu&be". b. P"ofeional 3dentification -a"d. c. P"ofeional ta% "eceipt. d. All of thee a"e "e,ui"ed to be indicated. 0. The a&ount of audit fee depend la"$ely on the! a. 6i#e and capitali#ation of the co&pany unde" audit. b. A&ount of the p"ofit fo" the yea". c. Availability of cah. d. Jolu&e of audit o"+ and de$"ee of co&petence and "eponibility involved. 1. The p"actice of accountancy include the folloin$' e%cept! a. ein$ appointed a the &a"+etin$ &ana$e" of a buine ente"p"ie. b. 6e"vin$ a edit e%a&ine" fo" the -o&&iion on Audit. c. o"+in$ a the >ean of a -olle$e that $"ant a de$"ee of 6 Accountancy. d. P"oviion of au"ance e"vice to &o"e than one client and on a fee bai. 2. All $"aduate ith a achelo" >e$"ee in Accountin$ hall be alloed to ta+e the -PA Hicenu"e :%a&ination ithin to yea" f"o& the effectivity of RA 9298 unde" the "ule and "e$ulation to be p"o&ul$ated by the 3A ubject to the app"oval by the PR-. a. 1 yea" c. / yea" d. 4 yea" b. 2 yea" /. Acco"din$ to the 3RR' thi council i ta+ed to ait the ?A in continuouly up$"adin$ accountancy education in the Philippine to &a+e the 5ilipino -PA $lobally co&petitive. a. Buality Revie -o&&ittee c. -P: council d. -;:> b. :ducation Technical -ouncil 4. The :ducation Technical -ouncil hall be co&poed of a. 6i% &e&be".
b.
6even &e&be" ith a chai"&an. c. 6even &e&be" ith a chai"&an and a vicechai"&an. d. :i$ht &e&be" ith a chai"&an' a vicechai"&an' and a ec"eta"y. . Cnle the"e a valid "eaon to have additional "ep"eentation' the P3-PA hall have ho &any national di"ecto"* a. 12 b. 14 d. 20 c. 1 7. The P3-PA national di"ecto" hall be appo"tioned acco"din$ to fou" $eo$"aphic ecto" baed on the "atio of latet available nu&be" of &e&be" in $ood tandin$ f"o& thoe a"ea. hich of the folloin$ i =?T a $eo$"aphic ecto"* a. Hu#on b. =-R c. indanao d. -AR . A P3-PA di"ecto" can only "ep"eent a ecto" in a "e$ion if hehe ha been a &e&be" in $ood tandin$ in uch ecto" in the "e$ion fo" at leat @@@@@ yea" at the a&e ti&e of hihe" no&ination! b. Th"ee yea" c. 5ou" yea" d. 5ive yea" a. To yea" 8. 6ecto"al ?"$ani#ation have been etablihed to p"o&ote the inte"et of $"oup of p"ofeional accountant. hich of the folloin$ i the ecto"al o"$ani#ation fo" -PA in Public P"actice* a. A-PA. c. A-PA-3. d. A-PA:. b. A-PAPP. 9. onito"in$ the co&pliance ith -P: "e,ui"e&ent i done by the PR- -P: -ouncil. The PR- -P: -ouncil hall be co&poed of! a. A chai"pe"on and th"ee &e&be" b. A chai"pe"on' vicechai"pe"on and to &e&be" c. A chai"pe"on and to &e&be" d. A chai"pe"on' vicechai"pe"on and th"ee &e&be" 70. Re$a"din$ p"actice of accountancy' hich of the folloin$ ce"tificate i iued to a ucceful pae" of the -PA oa"d :%a& fi"t' a ce"tificate of "e$it"ation o" a ce"tificate of acc"editation* a. -e"tificate of "e$it"ation. c. oth a"e iued at the a&e ti&e. b. -e"tificate of acc"editation. d. =eithe" a"e iued to -PA. 71. 61 A "e$ite"ed p"ofeional ho i o"+in$ ab"oad hall be te&po"a"ily e%e&pted f"o& co&pliance ith -P: "e,ui"e&ent du"in$ hihe" tay ab"oad' p"ovided 62 Thoe ho failed to "ene p"ofeional licene fo" a pe"iod of th"ee continuou yea" f"o& initial "eco$nition' o" f"o& lat "eneal' hall be decla"ed delin,uent. a. T"ue' t"ue b. T"ue' fale c. 5ale' t"ue d. 5ale' fale 72. A ued in RA 9298' thi te"& "efe" to the a"ea of p"actice of accountancy! a. Hine b. 6ection c. 6e$&ent d. 6ecto" 7/. The p"actice of accountancy include the folloin$ e%cept! a. P"actice in public accountancy. b. P"actice in education o" the acade&e. c. P"actice in the $ove"n&ent. d. P"actice in co&&e"ce and indut"y' hen the -PA i appointed a &a"+etin$
of the ente"p"ie. 74. Thi o"$ani#ation ad&inite"' i&ple&ent and enfo"ce the "e$ulato"y policie of the Philippine ove"n&ent ith "epect to the "e$ulation and licenin$ of the va"iou p"ofeion unde" it ju"idiction' one of hich i accountancy. a. ?A b. P3-PA c. -?A d. PR7. ho i the pe"on that ha the autho"ity to upend o" "e&ove a &e&be" of the ?A' on valid $"ound and afte" due p"oce* a. The P"eident of the Republic of the Philippine. b. The -hai"&an of the P"ofeional Re$ulato"y oa"d of Accountancy' unle he i one ho i unde" inveti$ation. c. The -o&&iione" of the P"ofeional Re$ulation -o&&iion. d. =one of the&. 77. The folloin$ a"e $"ound fo" upenion o" "e&oval of &e&be" of the oa"d of Accountancy' e%cept! a. =e$lect of duty o" inco&petence. b. Jiolation o" tole"ance of any violation of RA9298 and it 3RR' o" the -ode of :thic and technical and p"ofeional tanda"d of p"actice fo" -PA. c. Pendin$ cae on a c"i&e involvin$ &o"al tu"pitude. d. anipulation o" "i$$in$ of the -PA licenu"e e%a&ination "eult. 7. -PA &ay p"actice public accountancy unde" the folloin$ fo"& of o"$ani#ation' e%cept! a. 6ole p"op"ieto"hip c. Hi&ited liability pa"tne"hip b. ene"al pa"tne"hip d. -o"po"ation 78. The na&e unde" hich a -PA p"actice the p"ofeion &ut! a. =ot be &ileadin$ a to the fo"& of o"$ani#ation. b. -ontain &o"e than th"ee na&e. c. 3ndicate any peciali#ation. d. 3nclude one fictitiou na&e. 79. A (n) @@@@@@@@@@@ hall do buine unde" thei" "epective duly "e$ite"ed and autho"i#ed fi"& na&e appea"in$ in the "e$it"ation docu&ent iued by the >epa"t&ent of T"ade and 3ndut"y o" any othe" p"ope" $ove"n&ent office. a. 3ndividual -PA b. 5i"& c. Pa"tne"hip of -PA. d. -o"po"ation of -PA. 0. All licened -PA hall obtain and ue a eal of a dei$n p"ec"ibed by the a. Accountin$ 6tanda"d -ouncil. b. Philippine 3ntitute of -PA. c. oa"d of Accountancy. d. P"ofeional Re$ulation -o&&iion. 1. hich of the folloin$ cannot be &entioned by an autho" in publici#in$ a boo+ in
accountin$* a. =a&e b. Bualification c. e&be"hip in p"ofeional o"$ani#ation d. 6e"vice that the autho" fi"& p"ovide 2. A p"ofeional accountant &ay invite the folloin$ to attend t"ainin$ cou"e and e&ina" conducted fo" the aitance of taff (elect the e%ception)! a client b. taff of the fi"& c. othe" p"ofeional accountant d. potential client /. Re$a"din$ annive"a"ie' a fi"& &ay unde"ta+e p"e "eleae o" othe" &edia "eleae to co&&e&o"ate thei" annive"a"ie in public p"actice only eve"y! a. yea" b. / yea" c. 4 yea" d. yea" 4. Thi act p"ovide that only licened p"ofeional &ay teach licenu"e ubject' and p"ovide fo" the t"iennial "eneal of the P"ofeional 3dentification -a"d! a. RA no. 9298 b. PR- ode"ni#ation Act c. 3RR of RA 9298 d. P> 1081 . The acc"editation $"anted fo" accountin$ teache" i valid fo"! a. 1 yea" b. 2 yea" c. / yea" d. 4 yea" 7. 3t function i to ait 5R6- in etablihin$ and i&p"ovin$ financial "epo"tin$ tanda"d in the Philippine a it iue i&ple&entation $uidance on e%itin$ P5R6. a. oa"d of Accountancy c. P"ofeional Re$ulation -o&&iion b. :ducation Ta+ 5o"ce d. Philippine 3nte"p"etation -o&&ittee . 61 A "e$ite"ed p"ofeional ho i o"+in$ ab"oad hall be te&po"a"ily e%e&pted f"o& co&pliance ith -P: "e,ui"e&ent du"in$ hihe" tay ab"oad' p"ovided 62 Thoe ho failed to "ene p"ofeional licene fo" a pe"iod of th"ee continuou yea" f"o& initial "eco$nition' o" f"o& lat "eneal' hall be decla"ed delin,uent. a. T"ue' t"ue b. T"ue' fale c. 5ale' t"ue d. 5ale' fale 8. The folloin$ a"e "e$a"ded by RA9298 a -PA e"vice in public p"actice if offe"ed o" "ende"ed on a fee bai and to &o"e than one client!
P"epa"ation and i$nin$ of audit "epo"t. P"ofeional aitance on accountin$ p"ocedu"e. Rep"eentation of client befo"e $ove"n&ental a$encie on ta% and othe" &atte" "e$a"dle of it "elation to accountin$. a. b. c. d. K:6 K:6 K:6 K:6 K:6 =? =? K:6 K:6 K:6 =? =? 9. hich of the folloin$ tate&ent i co""ect* a. The chai"&an and &e&be" of the oa"d hall "eceive co&penation and alloance co&pa"able to that bein$ "eceived by the chai"&an and &e&be" of the e%itin$ "e$ulato"y boa"d unde" the PR- a p"ovided fo" in the ene"al App"op"iation Act. b. =o pe"on hall e"ve in the oa"d fo" &o"e than nine yea". c. The ?A chai"&anha the ole poe" to ad&inite" oath in connection ith the ad&init"ation of the accountancy la. d. The oa"d hall be unde" ad&init"ative upe"viion of the P3-PA. 80. Thi o"$ani#ation ad&inite" and i&ple&ent and enfo"ce the "e$ulato"y policie of the Philippine ove"n&ent ith "epect to the "e$ulation and licenin$ of the va"iou p"ofeion unde" it ju"idiction' one of hich i accountancy. a. ?A b. P3-PA c. -?A d. PR81. ay a -PA $ive a b"ochu"e to a nonclient* a. =o' becaue thi i a violation of the "evied "ule on adve"tiin$. b. Ke' ince thi i acceptable unde" "evied "ule on adve"tiin$. c. =o' unle the nonclient beco&e a client ithin 10 day f"o& "eceipt of the b"ochu"e. d. Ke' if the nonclient ha &ade an unolicited "e,uet . 82. hich if the folloin$ pa"tne" p"ofile info"&ation &ay be poted in a fi"& ebite* a. =a&e b. :ducational attain&ent and b"ief litin$ of e"vice c. Potal add"e' telephone' fa%' and e&ailadd"e d. All of thee &ay be poted in a fo"& ebite
8/. Re$a"din$ annive"a"ie' a fi"& &ay unde"ta+e p"e "eleae of othe" &edia "eleae to co&&e&o"ate thei" annive"a"ie 3 public p"actice only eve"y! a. Kea" b. / yea" c. 4 yea" d. yea" 84. The acc"editation $"anted fo" accountin$ teache" i valid fo"! a. 1 yea" b. 2 yea" c. / yea" d. 4 yea" 8. The contitution of the Philippine "e,ui"e thi office to D+eep the $ene"al account of the ove"n&ent and fo" uch pe"iod a &ay be p"ovided by la' p"ee"ve the vouche" pe"tainin$ the"eto.E a. =ational Accountin$ ?ffice b. init"y of 5inance c. -o&&iion on Audit d. Accountin$ Cnit 87. A -PA fi"& uualy offe" nonaduit e"vice' uch a &ana$e&ent advio"y e"vice. 3t pi&a"y pu"poe i to! a. 5u"nih p"ofeional advice and aitance hich ill enable the client to i&p"ove ope"ation b. Leep the -PA fi"&co&petitive ith othe" fi"&. c. :tablih the fi"& a a conultant' thu enu"in$ it futu"e e%panion and $"oth. d. Pe"&it the fi"& taff &e&be" to ac,ui"e e%pe"tie in othe" a"ea of p"actice 8. Cnde" thi ðod of buildin$ a client' the e%te"nal audito" cha"$e on the bai of actual ti&e pent by p"incipalpa"tne"'upe"vio" 'enio" and junio" at p"edete"&ined "ate a$"eed upon ith the client c. flat fee o" flat u& bai a. Pe" die& bai. b. "etaine" bai. d. &a%i&u& fee bai 88. the folloin$ a"e $"ound fo" the upenion o" "evocation of ce"tificate of "e$it"ation and p"ofeional identification ca"d' e%ce"t! a. Poeion of an unound &ind b. P"actice in &o"e than one field of accountancy c. -onviction of a c"i&inal offene involvin$ &o"al tu"pitude d. Cnp"ofeional o" unethical conduct' &alp"actice' o" violation of RA9298.
6ou"ce! (288) Re6A handout
