The Code Of Ethics And Republic Act 9298

CHAPTER 13:

 THE CODE OF ETHICS AND AND REPUBLIC ACT 9298 9298 1.

The code of profess professo!"# o!"# e$hcs e$hcs for CPA%s CPA%s pro&'#(" pro&'#("$ed $ed )* $he Bo"rd Bo"rd of Acco'!$"!c Acco'!$"!c* * "pp#es $o ". A## A## CPA% CPA%s s ! p') p')#c #c pr"c pr"c$ $ce ce.. ). A## A## CP CPA%s A%s ! ! (o+ (o+er er!& !&e! e!$$ c. A## CPA%s CPA%s ! p')#c p')#c pr"c$ce pr"c$ce "!d "!d e&p#o*e e&p#o*ed d ! pr+"$e pr+"$e )'s!ess )'s!ess.. d. A## CPAs ! p')#c pr"c$ce e&p#o*ed ! pr+"$e )'s!ess "!d !d's$r*, ! (o+er!&e!$ "!d ! ed'c"$o!.. ed'c"$o!

2.

The '!der#*!( '!der#*!( re"so! re"so! for for " code of profes professo!" so!"## e$hcs. e$hcs. ". Th"$ Th"$ s s re-' re-'re red d )* #e(s# #e(s#"$ "$o!. o!. ). To pro+de pro+de $he #ce!s!( #ce!s!( "(e!ces "(e!ces $h " )"ss for &e"s'r! &e"s'r!( ( $he perfor&"!c perfor&"!ce e of $he pr"c$$o!ers. pr"c$$o!ers. c.  The !eed for p')#c co!/de!ce co!/de!ce ! $he -'"#$* of ser+ce of $he professo! professo!.. d. Th"$ $ $ pro+de pro+des s " s"fe('" s"fe('"rd rd "("!s "("!s$$ '!scr'p '!scr'p'#o's '#o's peop#e.0. peop#e.0.

0.

The CPA CPA professo! professo! dee&ed dee&ed $ !ecess"r* !ecess"r* $o es$")#sh es$")#sh " code of e$hcs e$hcs "!d " &ech"!s& &ech"!s& for $s e!force& e!force&e!$ e!$ )ec"'se. ". A! e$hc"# e$hc"# co!d'c$ co!d'c$ $h"$ s$resses s$resses $he $he CPAs CPAs respo!s)#$ respo!s)#$* * $o c#e!$s "!d co##e"( co##e"('es 'es s " prere-'s prere-'s$e $e $o s'ccess. ). A re-'re re-'re&e!$ &e!$ of of #" pro+de pro+des s $h"$ CPAs CPAs es$")#s es$")#sh h " code code of e$hcs e$hcs.. c. Accep$"!ce of respo!s)#$* $o $he p')#c s " ds$!('sh!( &"r of " professo! . d. The es$")#sh& es$")#sh&e!$ e!$ of e3)#e e3)#e e$hc"# s$"!d"r s$"!d"rds ds pro+des pro+des se#f4pro se#f4pro$ec$o $ec$o! ! for CPAs. CPAs.

5.

6hch 6hch of $he fo##o!( fo##o!( s$"$e&e! s$"$e&e!$s $s s $r'e he! he! $he CPA CPA h"s )ee! e!("(e e!("(e $o perfor perfor& & "! "'d$ of /!"!c /!"!c"# "# s$"$e&e!$s7 ". The CPA CPA /r& s e!("(e e!("(e "!d p"d p"d )* $he c#e!$, c#e!$, $herefo $herefore, re, $he h"s h"s pr&"r* pr&"r* respo!s) respo!s)#$* #$* $o )e "! "d+"!ce for $he c#e!$. ).  The CPA /r& /r& s e!("(ed "!d p"d )* $he c#e!$, )'$ $he pr&"r* pr&"r* )e!e/c"res of $he "'d$ "re $hose ho re#* o! $he /!"!c"# s$"$e&e!$s. s$"$e&e!$s. c. Sho'#d Sho'#d " s$'"$o! s$'"$o! "rse here here $here $here s !o co!+!c! co!+!c!( ( "'$hor$"$+ "'$hor$"$+e e s$"!d"rds s$"!d"rds "+"#")#e "+"#")#e,, "!d $here $here s " choce of "c$o!s hch co'#d &p"c$ " c#e!$%s /!"!c"# s$"$e&e!$s, $he CPA s free $o e!dorse $he choce hch s ! $he !+es$ors% !$eres$s. d. The CPA CPA /r&%s /r&%s p"r"&o'!$ p"r"&o'!$ co!cer co!cer! ! sho'#d sho'#d )e $he $he !$eres$ !$eres$ of $he $he c#e!$. c#e!$.

.

6hch 6hch of $he $he fo##o!( fo##o!( s s !o$ o!e o!e of $he ch"r"c$e ch"r"c$ers rs of $he $he profess professo!7 o!7 ". "s$er* "s$er* of " p"r$c'#" p"r$c'#"rr !$e##ec$'"# !$e##ec$'"# s## s## "c-'re "c-'red d )* $r"!!( $r"!!( "!d "!d ed'c"$o! ed'c"$o!.. ). Adhere!c Adhere!ce e )* $s &e&)ers &e&)ers $o " co&&o! co&&o! code of co!d'c co!d'c$. $. c. Accep Accep$"! $"!ce ce of " d'$* d'$* $o $o soce$* soce$* "s " ho# ho#e. e. d. A respo!s)#$* $o pro$ec$ e3c#'s+e#* $he !$eres$ of " c#e!$ or e&p#o*er. e&p#o*er .

:.

I! order $o "che+e "che+e $he o);ec$+es o);ec$+es of $he "cco'! "cco'!$"!c* $"!c* profess professo!, o!, profess professo!"# o!"# "cco'!$" "cco'!$"!$s !$s h"+e $o o)ser+e o)ser+e " !'&)er of prere-'s$es or f'!d"&e!$"#s pr!cp#es. The f'!d"&e!$"# pr!cp#es !c#'de $he fo##o!(, e3cep$. ". O); ec ec$ + + $* $* ). Profe Profess sso!" o!"## Co&pe$ Co&pe$e!c e!ce e "!d "!d d'e d'e c"re. c"re. c. Tech! ech!c c"# "# S$"! S$"!d" d"rd rds. s. d. Co!/de!ce.

<.

The pr!cp#e pr!cp#e of $he professo professo!"# !"# co&pe$e!c co&pe$e!ce e "!d d'e c"re c"re &poses cer$"! cer$"! o)#("$o! o)#("$o! o! profess professo!"# o!"# "cco'!$"!$s. 6hch of $he fo##o!( s !o$ o!e of $hose o)#("$o!s re-'red )* $hs pr!cp#e7 ". To "c$ d#(e!$#* d#(e!$#* ! "ccord"!c "ccord"!ce e $h "pp#c")#e "pp#c")#e $ech!c"# $ech!c"# "!d profess professo!"# o!"# s$"!d"r s$"!d"rds. ds. ).  T  To o )e f"r, !$e##ec$'"##* ho!es$ "!d free of co!c$ of !$eres$. !$eres$. c. To )eco&e ""re ""re "!d '!ders$"! '!ders$"!d d re#e+"!$ re#e+"!$ $ech!c"#, $ech!c"#, profess professo!"# o!"# "!d )'s!es )'s!ess s de+e#op&e!$s de+e#op&e!$s.. d. To o)$"! profess professo!"# o!"# !o#ed(e !o#ed(e "!d e3pere e3pere!ce !ce $o e!")#e e!")#e $he& $o f'#/## $her $her respo!s)#$ respo!s)#$es. es.

8.

Co&pe$e!ce Co&pe$e!ce "s " cer$/ed cer$/ed p')#c p')#c "cco'!$ "cco'!$"!$ "!$ !c#'des !c#'des "## "## of $he fo##o! fo##o!( ( e3cep$. e3cep$. ". H"+!( H"+!( $he $he $ech!c $ech!c"# "# -'"#/ed -'"#/ed $o perfor& perfor& "! e!("( e!("(e&e!$ e&e!$.. ). Possess! Possess!( ( $he ")#$* ")#$* $o s'per+se s'per+se "!d e+"#'"$ e+"#'"$e e $he -'"#$* -'"#$* of of s$"= or. c. 6"rr "rr"!$ "!$!( !( $he $he !f"##) !f"##)#$ #$* * of $he or or perfor& perfor&ed. ed. d. Co!s'#$!( Co!s'#$!( o$hers f "dd$o!" "dd$o!"## $ech!c" $ech!c"## !for&"$ !for&"$o! o! s !eeded. !eeded.

9.

A! "'d$or "'d$or ho "ccep$s "ccep$s "! "'d$ e!("(e& e!("(e&e!$ e!$ "!d does does !o$ possess possess $he !d's$r* !d's$r* e3per$se e3per$se of $he )'s!ess )'s!ess e!$$* sho'#d. ". E!("(e E!("(e /!"!c"# /!"!c"# e3per$s e3per$s f"&#"r f"&#"r $h $h !"$'re !"$'re of $he $he )'s!ess )'s!ess e!$$* e!$$*. ). O)$"! !o#ed(e of &"$$ers $h"$ re#"$e $o $he !"$'re of $he e!$$*%s )'s!ess. )'s!ess .

c. d.

Refer " s')s$"!$"# por$o! of $he "'d$ $o "!o$her CPA ho ## "c$ "s $he pr!cp"# "'d$or. Frs$ !for& &"!"(e&e!$ $h"$ "! '!&od/ed op!o! c"!!o$ )e ss'ed.

1>. Professo!"# co&pe$e!ce sho'#d !c#'de

". ). c. d.

A$$"!&e!$ of professo!"# Co&pe$e!ce ?es No No ?es

&"!$e!"!ce of professo!"# Co&pe$e!ce *es *es !o !o

11. The ph"se of professo!"# co&pe$e!ce $h"$ re-'res " professo!"# "cco'!$"!$ $o "dop$ " pro(r"& des(! $o e!s're " -'"#$* co!$ro# ! $he perfor&"!ce of professo!"# ser+ces co!ss$e!$ $h $ech!c"# "!d professo!"# s$"!d"rds s. ". A$$"!&e!$ of professo!"# co&pe$e!ce. ). "!$e!"!ce of professo!"# co&pe$e!ce. c. App#c"$o! of professo!"# co&pe$e!ce. d. Re+e of professo!"# co&pe$e!ce. 12. 6hch of $he fo##o!( s $he #e"s$ re-'red ! "$$"!!( professo!"# co&pe$e!ce7 ". H(h s$"!d"rds of (e!er"# ed'c"$o!. ). Spec/c ed'c"$o!, $r"!!( "!d e3"&!"$o! ! professo!"##* re#e+"!$ s');ec$s. c. Perod of &e"!!(f'# or e3pere!ce. d. Co!$!'!( ""re!ess of de+e#op&e!$ ! $he "cco'!$"!c* professo!. 10. The esse!ce of $he d'e c"re pr!cp#e s $h"$ $he "'d$or sho'#d !o$ )e ('#$* of. ". B"s c. fr"'d ). Errors ! ;'d(&e!$ d. !e(#(e!ce. 15. The pr!cp#e of co!/de!$"#$* "pp#es $o. ". Professo!"# "cco'!$"!$s ! p')#c pr"c$ce. ). Professo!"# "cco'!$"!$s ! co&&erce "!d !d's$r*. c. Professo!"# "cco'!$"!$s ! (o+er!&e!$. d. A## Professo!"# "cco'!$"!$s 1. The pr!cp#e of co!/de!$"#$* &poses "! o)#("$o! o! professo!"# "cco'!$"!$s $o refr"! fro&. ". Dsc#os!( co!/de!$"# !for&"$o! $o "!o$her p"r$* e+e! f $he c#e!$ "'$hor@es $he dsc#os're. ). Us!( co!/de!$"# !for&"$o! "c-'red "s " res'#$ of professo!"# "!d )'s!ess re#"$o!shps $o $her perso!"# "d+"!$"(e or $he "d+"!$"(e of $hrd p"r$es. c. Dsc#os!( !for&"$o! $o defe!d $he&se#+es ! c"se of #$("$o!. d. Respo!d!( $o "! !-'r* or !+es$("$o! co!d'c$ed )* $he Professo!"# Re('#"$or* Bo"rd of Acco'!$"!c*. 1:. A CPA sh"## !o$ dsc#ose co!/de!$"#$* !for&"$o! o)$"!ed d'r!( "! "'d$ e!("(e&e!$ ! hch o!e of $he fo##o!( s$'"$o!s7 ". 6he! $he sec'r$* of $he s$"$e re-'res. ). 6$h $he co!se!$ of $he c#e!$. c. I! defe!se of h&se#f he! s'ed )* hs c#e!$. d. To " s'ccessor "'d$or $ho'$ $he c#e!$s per&sso!. 1<. 6hch of $he fo##o!( s !correc$ re("rd!( co!/de!$"#$*7 ". Professo!"# "cco'!$"!$s h"+e "! o)#("$o! $o respec$ $he co!/de!$"#$*. ). The d'$* of co!/de!$"#$* ce"ses "f$er $he e!d of $he re#"$o!shp )e$ee! $he professo!"# "cco'!$"!$ "!d $he c#e!$ or e&p#o*er. c. Co!/de!$"#$* sho'#d "#"*s )e o)ser+ed )* " professo!"# "cco'!$"!$ '!#ess spec/c "'$hor$* h"s )ee! (+e! $o dsc#ose !for&"$o! or $here s " #e("# or professo!"# d'$* $o dsc#ose. d. Co!/de!$"#$* re-'res $h"$ professo!"# "cco'!$"!$ "c-'r!( !for&"$o! ! $he co'rse of perfor&!( professo!"# ser+ces !e$her 'ses !or "ppe"r $o 'se $h"$ !for&"$o! for perso!"# "d+"!$"(e or for $he "d+"!$"(e of " $hrd p"r$*. 18. The code of e$hcs for professo!"# "cco'!$"!$s s$"$es $h"$ " CPA sh"## !o$ dsc#ose "!* co!/de!$"# !for&"$o! o)$"!ed ! $he co'rse of " professo!"# e!("(e&e!$ e3cep$ $h $he co!se!$ of hs c#e!$. I! hch of $he s$'"$o!s (+e! )e#o o'#d " CPA )e ! +o#"$o! of $he pr!cp#e of co!/de!$"#$*7 ". Dsc#os!( co!/de!$"# !for&"$o! ! order $o proper#* dsch"r(e $he CPAs respo!s)#$es ! "ccord"!ce $h hs professo!"# s$"!d"rds. ). Dsc#os!( co!/de!$"# !for&"$o! ! co&p#"!ce $h " s')poe!" ss'ed )* co'r$. c. Dsc#os!( co!/de!$"# !for&"$o! $o "!o$her "cco'!$"!$ !$eres$ ! p'rch"s!( $he CPAs pr"c$ce.

d.

Dsc#os!( co!/de!$"# !for&"$o! ! "! !+es$("$o! co!d'c$ed )* $he PRC $hr' $he Bo"rd of Acco'!$"!c*.

19. 6hch of $he fo##o!( s$"$e&e!$ s f"#se7 ". Co!/de!$"#$* s )roe! he! "'d$or s prese!$ed $h " s')poe!" co!cer!!( "! "'d$ c#e!$ . ). I!for&"$o! $h"$ " CPA o)$"!s fro& " c#e!$ s (e!er"##* !o$ pr+#e(ed. c. 6he! Bo"rd of Acco'!$"!c* co!d'c$s " re+e of $he -'"#$* co!$ro#s of "!o$her CPA /r&, per&sso! of $he c#e!$ s !o$ !eeded $o e3"&!e "'d$ doc'&e!$"$o!. d. A CPA /r& hch o)ser+es s')s$"!d"rd "'d$ doc'&e!$"$o! of "!o$her /r& d'r!( " -'"#$* co!$ro# re+e sho'#d &&ed"$e#* !for& $he /r& )e!( re+eed ! order $o rec$f* $he de/ce!c*. 2>. 6hch of $he fo##o!( s co!sdered " +o#"$o! of r'#es o! co!/de!$"#$*7 ". The CPA dsc#oses !for&"$o! $o pro$ec$ hs o! !$eres$ ! $he co'rse of #e("# proceed!(s. ). The CPA dsc#oses !for&"$o! $o " s'ccessor "'d$or "f$er o)$"!!( $he c#e!$%s per&sso!. c. The CPA dsc#oses !for&"$o! $o "!o$her CPA ! co&p#"!ce $h " -'"#$* co!$ro# re+e co!d'c$ed )* $he Bo"rd of Acco'!$"!c* d. The CPA d+'#(es !for&"$o! dsc#osed $o h& )* " prospective c#e!$. 21. 6he! " professo!"# "cco'!$"!$ #e"r!s of " &"$er"# error or o&sso! ! " $"3 re$'r! of " pror *e"r, or of $he f"#'re $o /#e " re-'red $"3 re$'r!, $he professo!"# "cco'!$"!$ h"s " respo!s)#$* $o do $he fo# #o!( e3cep$. ". Pro&p$#* "d+se $he c#e!$ or e&p#o*er of $he error or o&sso! "!d reco&&e!ded $h"$ dsc#os're )e &"de $o $he re+e!'e "'$hor$es. ). I&&ed"$e#* !for& $he re+e!'e "'$hor$es. c. T"e re"so!")#e s$eps $o e!s're $h"$ $he error s !o$ repe"$ed ! s')se-'e!$ $"3 re$'r!s f $he professo!"# "cco'!$"!$ co!c#'des $h"$ " professo!"# re#"$o!shp $h $he c#e!$ or e&p#o*er c"! )e co!$!'ed. d. I!for& $he c#e!$ or $he e&p#o*er $h"$ $ s !o$ poss)#e $o "c$ for $he& ! co!!ec$o! $h $h"$ re$'r! or o$her re#"$ed !for&"$o! s')&$$ed $o $he "'$hor$es f $he c#e!$ or $he e&p#o*er does !o$ correc$ $he error. 22. I! hch of $he fo##o!( crc'&s$"!ces o'#d " CPA )e )o'!d )* e$hcs $o refr"! fro& dsc#os!( "!* co!/de!$"# !for&"$o! o)$"!ed d'r!( $he co'rse of " professo!"# e!("(e&e!$7 ". The CPA s ss'ed " s'&&o! e!force")#e )* " co'r$ order hch orders $he CP A $o prese!$ co!/de!$"# !for&"$o!. ). A &";or s$ocho#der of " c#e!$ co&p"!* sees "cco'!$!( !for&"$o! fro& $he CPA "f$er $he &"!"(e&e!$ dec#!ed $o dsc#ose $he re-'es$ed !for&"$o!. c. Co!/de!$"# c#e!$ !for&"$o! s &"de "+"#")#e $h $he c#e!$s per&sso!. d. A! !-'r* )* $he Professo!"# Re('#"$o! Co&&sso! "!d $he CPA !eeds $he dsc#os're $o defe!d h&se#f. 20. The pr!cp#e of professo!"# )eh"+or re-'res " professo!"# "cco'!$"!$ $o. ". Be s$r"(h$for"rd "!d ho!es$ ! perfor&!( professo!"# ser+ces. ). Be f"r "!d sho'#d !o$ "##o pre;'dce or )"s, co!c$ of !$eres$ or !'e!ce of o$hers $o o+errde o);ec$+$*. c. Perfor& professo!"# ser+ces $h d'e c"re, co&pe$e!ce "!d d#(e!ce. d. Ac$ ! " &"!!er co!ss$e!$ $h $he (ood rep'$"$o! of $he professo! "!d refr"! fro& "!* co!d'c$ hch &(h$ )r!( dscred$ $o $he professo!. 25. Ide!$f* $he !correc$ s$"$e&e!$.  A professo!"# "cco'!$"!$ re!der!( $"3 ser+ce s e!$$#ed $o p'$ for"rd $he )es$ pos$o! ! f"+or of " c#e!$ or "! e&p#o*er, pro+ded ". I$ does !o$ &p"r $he "cco'!$"!$s !$e(r$* "!d o);ec$+$* ). I$ s re!dered $h professo!"# co&pe$e!ce. c. I$ s co!ss$e!$ $h $he #". d.  The professo!"# "cco'!$"!$ "ss'&es respo!s)#$* for $he co!$e!$ of $he $"3 re$'r!. 2. A professo!"# "cco'!$"!$%s !"&e c"! )e "ssoc"$ed $h $he !for&"$o! $h"$ ". Co!$"!s " &s#e"d!( s$"$e&e!$. ). I!$e!$o!"##* o&$s or o)sc'res !for&"$o! c. Uses es$&"$es. d. Co!$"!s !for&"$o! $ho'$ "!* re"# !o#ed(e of he$her $he* "re $r'e or f"#se. 2:. 6he! " professo!"# "cco'!$"!$ perfor&s ser+ces ! " co'!$r* o$her $h"! $he ho&e co'!$r* "!d d=ere!ces o! spec/c &"$$ers e3s$ )e$ee! e$hc"# re-'re&e!$s of $he $o co'!$res, $he professo!"# "cco'!$"!$ sho'#d "pp#*. ". The e$hc"# re-'re&e!$s of hs or her ho&e co'!$r*. ). The e$hc"# re-'re&e!$s of $he co'!$r* ! hch ser+ces "re )e!( perfor&ed. c.  The s$rc$er of $he $o e$hc"# re-'re&e!$s.

d.

The #ess s$rc$ e$hc"# re-'re&e!$s.

2<. O!e of $he &";or d=ere!ces )e$ee! "'d$ors "!d o$her professo!"#s s $h"$ &os$ professo!"#s. ". Do !o$ h"+e $o p"ss r(oro's e3"&!"$o! $o )e "d&$$ed ! $he professo!. ). Are !o$ e3pec$ed $o "c$ ! $he )es$ !$eres$ of $he p')#c. c. Need !o$ )e co!cer!ed ")o'$ !depe!de!ce. d. Do !o$ !eed $he co!/de!ce of $he p')#c. 28. I!depe!de!ce ! "'d$!( &e"!s. ". No$ h"+!( "!* /!"!c"# or eco!o&c re#"$o!shp $h $he c#e!$. ). Be!( "! "d+oc"$e of $he "ss'r"!ce c#e!$. c.  T"!( "! '!)"sed +epo!$. d. No$ h"+!( " #o"! $o or fro& "! "ss'r"!ce c#e!$. 29. 6hch of $he fo##o!( &os$ "cc'r"$e#* s$"$es ho o);ec$+$* h"s )ee! de/!ed )* $he Code of E$hcs7 ". Be!( ho!es$ "!d s$r"(h$ for"rd ! "## professo!"# "!d )'s!ess re#"$o!shps. ). A s$"$e of &!d $h"$ per&$s $he pro+so! of "! op!o! $ho'$ )e!( "=ec$ed )* !'e!ces $h"$ co&pro&se professo!"# ;'d(&e!$. c. A co&)!"$o! of &p"r$"#$*, !$e##ec$'"# ho!es$* "!d " freedo& fro& co!c$ of !$eres$. d. A+od!( f"c$s "!d crc'&s$"!ces $h"$ co'#d red'ce $he p')#c co!/de!ce ! $he professo!"# "cco'!$"!$%s repor$. 0>. 6hch f'!d"&e!$"# pr!cp#e s sero's#* $hre"$e!ed )* "! e!("(e&e!$ $h"$ s co&pe!s"$ed )"sed o! $he !e$ proceeds o! #o"!s rece+ed )* $he c#e!$ fro& " co&&erc"#s )"!7 ". I!$e(r$* ). O); ec$ + $* c. Co!/de!$"#$* d. Professo!"# )eh"+or. 01. A CPA, h#e perfor&!( "! "'d$, s$r+es $o "che+e !depe!de!ce ! "ppe"r"!ce ! order $o. ". Red'ce rs "!d #")#$* ). Beco&e !depe!de!ce ! &!d c. "!$"! p')#c co!/de!ce ! $he professo!. d. Co&p#* $h $he (e!er"##* "ccep$ed s$"!d"rds of /e#dor. 02. The co!cep$ pf &"$er"#$* o'#d )e #e"s$ &por$"!$ $o "! "'d$or ! de$er&!!(. ". Tr"!s"c$o!s $h"$ sho'#d )e re+eed ). The !eed for dsc#os!( " p"r$c'#"r $r"!s"c$o! or e+e!$. c. The e3$e!$ of "'d$ or p#"!!ed for p"r$c'#"r "cco'!$. d.  The e=ec$ of "! "'d$or%s drec$ /!"!c"# !$eres$ ! " c#e!$. 00. The pr&"r* f"c$or $h"$ ds$!('shes " drec$ fro& "! !drec$ /!"!c"# !$eres$ s $he. ". "$er"#$* of $he "&o'!$ !+o#+e ). Co!$ro# o+er !+es$&e!$ decso!s. c. Rs "ssoc"$ed $h s'ch !+es$&e!$. d. Re#"$o!shp )e$ee! $he !+es$ors "!d !+es$ee. 05. U#$&"$e#*, $he decso! "s $o he$her $he CPA s !depe!de!$ or !o$, ## )e &"de )* $he ". C#e!$ c. p')#c ). A'd$ co&&$$ee d. "'d$or 0. The Ph#pp!e Code of E$hcs for professo!"# "cco'!$"!$s re-'res !depe!de!ce. Of mind in appearance ".  ?es *es ). ?es !o c. No !o d. No *es 0:. I!depe!de!ce s re-'red he!e+er " professo!"# "cco'!$"!$ perfor&s. ". Professo!"# ser+ces. ). Ass'r"!ce ser+ces c. No!4"ss'r"!ce ser+ces d. T"3 co!s'#$"!c* ser+ces. 0<. No$ "## e!("(e&e!$s perfor&ed )* professo!"# "cco'!$"!$s "re "ss'r"!ce e!("(e&e!$s. O$her e!("(e&e!$s fre-'e!$#* perfor&ed )* professo!"# "cco'!$"!$s $h"$ "re !o$ "ss'r"!ce e!("(e&e!$s !c#'de $he fo##o!(, e3cep$. ". A(reed4'po! proced'res. ). Co&p#"$o! of /!"!c"# or o$her !for&"$o!.

c. d.

"!"(e&e!$ co!s'#$!( E3"&!"$o! of prospec$+e /!"!c"# !for&"$o!.

08. I$ refers $o $he "+od"!ce of f"c$s "!d crc'&s$"!ces $h"$ "re so s(!/c"!$ $h"$ " re"so!")#e, "!d !for&ed $hrd p"r$*, h"+!( !o#ed(e of "## $he re#e+"!$ !for&"$o! , !c#'d!( s"fe('"rds "pp#ed, o'#d re"so!")#* co!c#'de " /r&%s or " &e&)er of $he "ss'r"!ce $e"&%s !$e(r$*, o);ec$+$* or professo!"# sep$cs& h"d )ee! co&pro&sed. ". I!depe!de!ce ! f"c$ ). I!depe!de!ce ! "ppe"r"!ce c. I!depe!de!ce ! &!d. d. I!here!$ I!depe!de!ce 09. 6he! CPAs "re ")#e $o &"!$"! $her "c$'"# !depe!de!ce , $ s referred $o "s !depe!de!ce ! ". Co!d'c$ ). Appe"r"!ce c. F"c$ d. To$"#. 5>. Accord!( $o $he Code Of Professo!"# E$hcs, professo!"# "cco'!$"!$s. ". Sho'#d )e !depe!de!$ ! f"c$ "!d ! "ppe"r"!ce "$ "## $&es. ). I! p')#c pr"c$ce sho'#d )e !depe!de!$ ! f"c$ "!d ! "ppe"r"!ce "$ "## $&es. c. I! p')#c pr"c$ce sho'#d )e !depe!de!$ ! f"c$ "!d ! "ppe"r"!ce he! pro+d!( "'d$!( "!d o$her "ss'r"!ce ser+ces. d. I! p')#c pr"c$ce sho'#d )e !depe!de!$ ! f"c$ "!d ! "ppe"r"!ce he! pro+d!( "'d$!( $"3, "!d o$her "d+sor* ser+ces. 51. If re-'es$ed $o perfor& " re+e e!("(e&e!$ for " !o!4p')#c e!$$* ! hch "! "cco'!$"!$ h"s "! &&"$er"# derc$ /!"!c"# !$eres$, $he "cco'!$"!$ s ". I!depe!de!$ "!d $herefore &"* ss'e " re+e repor$. ). No$ !depe!de!$ "!d $herefore, &"* !o$ ss'e " re+e repor$. c. No$ !depe!de!$ "!d $herefore, &"* ss'e " re+e repor$. d. No$ !depe!de!$ "!d $herefore , &"* !o$ )e "ssoc"$ed $h $he /!"!c"# s$"$e&e!$s. 52. The !e$or /r&s "re re-'red $o )e !depe!de!$ of $he c#e!$. ". For "ss'r"!ce e!("(e&e!$s pro+ded $o "! "'d$ c#e!$. ). For "ss'r"!ce e!("(e&e!$s pro+ded $o c#e!$s $h"$ "re !o$ "'d$ c#e!$s, he! $he repor$ s !o$ e3press#* res$rc$ed for 'se )* de!$/ed 'sers. c. For "ss'r"!ce e!("(e&e!$s pro+ded $o c#e!$s $h"$ "re !o$ "'d$ c#e!$s, he! $he "ss'r"!ce repor$ s e3press#* res$rc$ed for 'se )*  de!$/ed 'sers d. For !o!4"ss'r"!ce e!("(e&e!$s. 50. 6hch of $he fo##o!( sho'#d )e !depe!de!$ of $he /!"!c"# s$"$e&e!$ "'d$ c#e!$7 A ) c  The &e&)ers of $he "ss'r"!ce $e"& *es *es  The /r&s *es *es Ne$or /r&s *es !o !o

d *es !o *es

*es !o

55. For "ss'r"!ce e!("(e&e!$s pro+ded $o c#e!$s $h"$ "re !o$ "'d$ c#e!$s, he! $he "ss'r"!ce repor$ s e3press#* res$rc$ed for 'se )* de!$/ed 'sers, $he fo##o!( sho'#d )e !depe!de!$ of $he c#e!$s. A ) c d  The &e&)ers of $he "ss'r"!ce $e"& *es *es *es *es  The /r&s *es *es !o !o Ne$or /r&s *es !o !o *es 5. 6hch of $he fo##o!( s$"$e&e!$s s !o$ correc$ ")o'$ !depe!de!ce re-'re&e!$s7 ". For "ss'r"!ce e!("(e&e!$ pro+ded $o "'d$ c#e!$, $he &e&)ers of $he "ss'r"!ce $e"&, $he /r& "!d !e$or /r&s "re re-'red $o )e !depe!de!$ of $he c#e!$. ). For "ss'r"!ce e!("(e&e!$s pro+ded $o !o!4"'d$ c#e!$s, $he &e&)ers of $he "ss'r"!ce $e"& "!d $he /r& "re re-'red $o )e !depe!de!$ of $he c#e!$. c. For "ss'r"!ce e!("(e&e!$s pro+ded $o !o!4"'d$ c#e!$s, here $he ds$r)'$o! of $he "ss'r"!ce repor$s #&$ed o!#* $o spec/ed 'sers, $he &e&)ers of $he "ss'r"!ce $e"& "re re-'red $o )e !depe!de!$ of $he c#e!$. d. For "ss'r"!ce e!("(e&e!$s pro+ded $o !o!4"'d$ c#e!$s, here $he ds$r)'$o! of $he "ss'r"!ce repor$ s #&$ed o!#* $o spec/ed 'sers, $he /r& sho'#d !depe!de!$ of $he c#e!$. 5:. 6hch of $he fo##o!( professo!"# "re ser+ces does !o$ re-'re !depe!de!ce7 ". Drec$ repor$!( e!("(e&e!$s. ). E3"&!"$o! of /!"!c"# forec"s$ c. T"3 co!s'#$"!c* ser+ces d. Asser$o!4)"sed e!("(e&e!$s

5<. For hch of $he fo##o!( professo!"# ser+ces &'s$ CPAs )e !depe!de!$7 ". "!"(e&e!$ "d+sor* ser+ces ). A'd$s of /!"!c"# s$"$e&e!$s. c. Prep"r"$o! of $"3 re$'r!s. d. A## $hree of $he ")o+e. 58. A CPA /r& sho'#d dec#!e "! o=er $o perfor& co!s'#$!( ser+ces e!("(e&e!$ f ". The proposed e!("(e&e!$ s !o$ "cco'!$!( re#"$ed. ). Reco&&e!d"$o!s &"de )* $he CPA /r& "re $o )e s');ec$ $o re+e )* $he c#e!$. c. Accep$"!ce o'#d re-'re $he CPA /r& $o &"e &"!"(e&e!$ decso!s for "! "'d$ c#e!$. d. A!* of $he ")o+e s $r'e. 59. The &e&)er of $he "ss'r"!ce e $e"& "!d $he /r& sho'#d )e !depe!de!$ of $he "ss'r"!ce c#e!$ d'r!( $he perod of $he " ss'r"!ce e!("(e&e!$. For $hs p'rpose, $he perod of $he e!("(e&e!$. ". S$"r$s he! $he "ss'r"!ce )e(!s $o perfor& "ss'r"!ce ser+ces "!d e!ds he! $he "ss'r"!ce repor$ s ss'ed. ). S$"r$s he! $he "ss'r"!ce $e"& )e(!s $o perfor& "ss'r"!ce ser+ces "!d e!ds he! $he /e#dor s co&p#e$ed. c. S$"r$s he! $he e!("(e&e!$ #e$$ers prep"red "!d e!ds he! $he /e#dor s co&p#e$ed. d. S$"r$s he! $he e!("(e&e!$ #e$$er s prep"red "!d e!ds he! "ss'r"!ce repor$ ss'ed. >. Ths occ'rs "s " res'#$ of $he /!"!c"# or o$her !$eres$ of " professo!"# "cco'!$"!$ or of "! &&ed"$e or c#ose f"&#* &e&)er. ". Se#f4!$eres$ $hre"$ c. "d+oc"c* $hre"$ ). Se#f4re+e $hre"$ d. f"&#"r$* $hre"$. 1. Ths occ'rs he!, )ec"'se of " c#ose re#"$o!shp, " professo!"# "cco'!$"!$ )eco&es $oo s*&p"$he$c $o $he !$eres$ of o$hers. ". Se#f4!$eres$ $hre"$ c. "d+oc"c* $hre"$ ). Se#f4re+e $hre"$ d. f"&#"r$* $hre"$. 2. Accord!( $o $he Ph#pp!e Code of E$hcs, co&p#"!ce $h f'!d"&e!$"# pr!cp#es s po$e!$"##* "=ec$ed )* se#f4!$eres$, se#f4re+e, "d+oc"c*, f"&#"r$* "!d !$&d"$o! $hre"$s. 6hch of $he fo##o!( )es$ descr)es "d+oc"c* $hre"$7 ". Ths occ'rs he! " /r& o! " &e&)er of $he "ss'r"!ce $e"& co'#d )e!e/$ fro& /!"!c"# !$eres$ ! "! "ss'r"!ce c#e!$. ). Ths occ'rs he! "!* prod'c$ or ;'d(&e!$ of " pre+o's e!("(e&e!$ !eeds $o )e re4e+"#'"$!( ! re"ch!( co!c#'so!s o! $he "ss'r"!ce e!("(e&e!$. c. Ths occ'rs he! " &e&)er of "ss'r"!ce $e"& "s pre+o's#* " drec$or or ocer of $he "ss'r"!ce c#e!$. d. Ths occ'rs he! " /r&, or " &e&)er of $he "ss'r"!ce $e"&, pro&o$es, or &"* )e perce+ed $o pro&o$e, "! "ss'r"!ce c#e!$s pos$o! or op!o! $o $he po!$ $h"$ o);ec$+$* &"* , or &"* )e perce+ed $o )e, co&pro&sed. 0. Ths occ'rs he! "!* prod'c$ or ;'d(&e!$ of " pre+o's "ss'r"!ce e!("(e&e!$ or !o!4"ss'r"!ce e!("(e&e!$ !eeds $o )e re+"#'"$ed ! re"ch!( co!c#'so!s o! $he "ss'r"!ce e!("(e&e!$ or he! " &e&)er of $he "ss'r"!ce $e"& "s pre+o's#* " drec$or or ocer of $he "ss'r"!ce c#e!$, or "s "! e&p#o*ee ! " pos$o! $o e3er$ drec$ "!d s(!/c"!$ !'e!ce o+er $he s');ec$ &"$$er f $he "ss'r"!ce e!("(e&e!$. ". Se#f4!$eres$ $hre"$ c. "d+oc"c* $hre"$ ). Se#f4re+e $hre"$ d. f"&#"r$* $hre"$ 5. Ths $hre"$ occ'rs he! " &e&)er of $he "ss'r"!ce $e"& &"* )e de$erred fro& "c$!( o);ec$+e#* "!d e3ercs!( professo!"# sep$cs& )* $hre"$s, "c$'"# or perce+ed, fro& $he drec$ors, ocers or e&p#o*ees of "! "ss'r"!ce c#e!$. ". I!$&d"$o! $hre"$ ). F"&#"r$* $hre"$ c. Ad+oc"c* $hre"$ d. Se#f4!$eres$ $hre"$ . 6hch of $he fo##o!( crc'&s$"!ces o'#d #e"s$ #e#* cre"$e se#f4!$eres$ $hre"$7 ". Co!$!(e!$ fees re#"$!( $o "ss'r"!ce e!("(e&e!$s ). A drec$ /!"!c"# !$eres$ or &"$er"# !drec$ /!"!c"# !$eres$ ! "! !$eres$ c#e!$. c. A #o"! or ('"r"!$ee $o or fro& "! "ss'r"!ce c#e!$ or "!* of $s drec$ors or ocers. d. H"+!( c#ose perso!"# re#"$o!shp )e$ee! " &e&)er of $he "ss'r"!ce $e"& "!d $he "ss'r"!ce c#e!$, $s drec$ors, ocers or e&p#o*ees. :. 6hch of $he fo##o!( o'#d #e"s$ #e#* cre"$e se#f4!$eres$ $hre"$ 7

". ). c. d.

U!d'e depe!de!ce o! $o$"# fees fro& "! "ss'r"!ce c#e!$ Co!cer! ")o'$ $he poss)#$* of #os!( $he e!("(e&e!$. H"+!( " c#ose )'s!ess re#"$o!shps $h "! "ss'r"!ce c#e!$. Press're $o red'ce !"ppropr"$e#* $he e3$e!$ of or perfor&ed ! order $o red'ce fees.

<. 6hch of $he fo##o!( o'#d &os$ #e#* cre"$e " se#f4re+e $hre"$7 ". F!"!c"# !$eres$ ! " c#e!$ ). L$("$o! !+o#+!( professo!"# "cco'!$"!$ "!d c#e!$ c. A for&er p"r$!er ;o!s $he "ss'r"!ce c#e!$. d. A for&er ocer of " c#e!$ s !o " &e&)er of $he "ss'r"!ce $e"&. 8. E3"&p#es of crc'&s$"!ces $h"$ &"* cre"$e se#f4re+e $hre"$ do !o$ !c#'de. ". Prep"r"$o! of or(!"# d"$" 'sed $o (e!er"$e /!"!c"# s$"$e&e!$s or prep"r"$o! of o$her records $h"$ "re $he s');ec$ &"$$er of $he "ss'r"!ce e!("(e&e!$. ). A &e&)er of $he "ss'r"!ce $e"& )e!( or h"+!( rece!$#* )ee!, "! e&p#o*ee of $he "ss'r"!ce c#e!$ ! "ppos$o! $o e3er$ drec$ "!d s(!/c"!$ !'e!ce o+er $he s');ec$ &"$$er of $he "ss'r"!ce e!("(e&e!$. c. Perfor&!( ser+ces for "! "ss'r"!ce c#e!$ $h"$ drec$#* "=ec$ $he s');ec$ &"$$er of $he "ss'r"!ce e!("(e&e!$. d. Po$e!$"# e&p#o*&e!$ $h "! "ss'r"!ce c#e!$. 9. 6hch of $he fo##o!( s "! e3"&p#e of "! !$&d"$o! $hre"$ $h"$ &"* "=ec$ $he !depe!de!ce of $he professo!"# "cco'!$"!$7 ". Prep"r"$o! of or(!"# d"$" 'sed $o (e!er"$e /!"!c"# s$"$e&e!$s or prep"r"$o! of o$her records $h"$ "re $he s');ec$ &"$$er of $he "ss'r"!ce e!("(e&e!$. ). Thre"$ of rep#"ce&e!$ o+er ds"(ree&e!$ ! $he "pp#c"$o! of "! "cco'!$!( pr!cp#e. c. De"#!( ! or )e!( " pro&o$er of sh"re or o$her sec'r$es ! "! "'d$ c#e!$. d. A &e&)er of $he "ss'r"!ce $e"& h"+!( "! &&ed"$e f"&#* &e&)er or c#ose f"&#* &e&)er or c#ose f"&#* ho s " drec$or or ocer of $he "ss'r"!ce c#e!$. :>. Ac$!( for "! "'d$ c#e!$ ! $he reso#'$o! of " dsp'$e or #$("$o! o'#d &os$ #e#* cre"$e. ". Se#f4!$eres$ $hre"$ c. "d+oc"c* $hre"$ ). I!$&d"$o! $hre"$ d. f"&#"r$* $hre"$. :1. The prep"r"$o! of "cco'!$!( records or /!"!c"# s$"$e&e!$s for "! "'d$ c#e!$ ## &os$ #e#* cre"$e. ". Se#f4!$eres$ $hre"$ c. !$&d"$o! $hre"$ ). Se#f4re+e $hre"$ d. f"&#"r$* $hre"$. :2. Us!( $he s"&e se!or perso!!e# o! "! "ss'r"!ce e!("(e&e!$ o+er " #o!( perod of $&e o'#d &os$ #e#* cre"$e ". I!$&d"$o! $hre"$s c. f"&#"r$* $hre"$ ). Ad+oc"c* $hre"$ d. se#f4!$eres$ $hre"$ :0. Accep$!( (f$s or '!d'e hosp$"#$* fro& "! "ss'r"!ce c#e!$ o'#d &os$ #e#* cre"$e. ". F"&#"r$* $hre"$ c. "d+oc"c* $hre"$ ). Se#f4!$eres$ $hre"$ d. !$&d"$o! $hre"$ :5. 6hch of $he fo##o!( crc'&s$"!ces o'#d #e"s$ #e#* cre"$e f"&#"r$* $hre"$7 ". A &e&)er of $he "ss'r"!ce $e"& h"+!( "! &&ed"$e f"&#* &e&)er or c#ose f"&#* &e&)er ho s " drec$or or ocer of $he "ss'r"!ce $e"&. ). A &e&)er of $he "ss'r"!ce $e"& h"+!( "! &&ed"$e f"&#* &e&)er of c#ose f"&#* &e&)er ho, "s "! e&p#o*ee of $he "ss'r"!ce c#e!$ , s ! "ppos$o! $o e3er$ drec$ "!d s(!/c"!$ !'e!ce o+er $he s');ec$ &"$$er of $he "ss'r"!ce e!("(e&e!$. c. A for&er p"r$!er of $he /r& )e!( " drec$or, ocer of $he "ss'r"!ce c#e!$ or "! e&p#o*ee ! " pos$o! $o e3er$ drec$ "!d s(!/c"!$ !'e!ce o+er $he s');ec$ &"$$er of $he "ss'r"!ce e!("(e&e!$. d. A for&er drec$or or ocer of $he "ss'r"!ce c#e!$ ;o!s $he "ss'r"!ce $e"&. :. 6he! $he $o$"# fees (e!er"$ed )* "! "ss'r"!ce c#e!$ represe!$ " #"r(e propor$o! of " /r&%s $o$"# fees, $he depe!de!ce o! $h"$ c#e!$ or c#e!$ (ro'p "!d co!cer! ")o'$ $he poss)#$* of #os!( $he drec$ ## &os$ #e#* cre"$e ". Se#f4!$eres$ $hre"$ c. !$&d"$o! $hre"$ ). Se#f>re+e $hre"$ d. f"&#"r$* $hre"$ ::. The pro+so! of ser+ces )* " /r& or !e$or /r& $o "! "'d$ c#e!$ $h"$ !+o#+e $he des(! "!d &p#e&e!$"$o! of /!"!c"# !for&"$o! $ech!o#o(* s*s$e& $h"$ "re 'sed $o (e!er"$e !for&"$o! for&!( p"r$ of " c#e!$%s /!"!c"# s$"$e&e!$s &"* &os$ #e#* cre"$e. ". Se#f4!$eres$ $hre"$ c. !$&d"$o! $hre"$ ). Se#f4re+e $hre"$ d. f"&#"r$* $hre"$

:<. 6he! $hre"$s $o !depe!de!ce $h"$ "re o$her $h"! $hose c#e"r#* !s(!/c"!$ "re de!$/ed, $he professo!"# "cco'!$"!$ sho'#d. ". Co!$!'e $he "ss'r"!ce e!("(e&e!$ )'$ $h he(h$e!ed #e+e# of professo!"# sep$cs&. ). Do!(r"de $he !"$'re of e!("(e&e!$ $o o!e $h"$ does !o$ re-'re !depe!de!ce. c. Ass(! &ore e3pere!ced s$"= $o $he "ss'r"!ce e!("(e&e!$. d. App#* "ppropr"$e s"fe('"rds $o e#&!"$e $hre"$s $o !depe!de!ce or $o red'ce $he& $o "! "ccep$")#e #e+e#. :8. S"fe('"rds f"## !$o $o )ro"d c"$e(ores cre"$ed )* $he professo!, #e(s#"$o! or re('#"$o! does !o$ !c#'de ". Ed'c"$o!"#, $r"!!( "!d e3pere!ce re-'re&e!$s for e!$r* !$o $he professo!. ). Co!$!'!( professo!"# de+e#op&e!$ re-'re&e!$s. c. Corpor"$e (o+er!"!ce re('#"$o!s. d. Doc'&e!$ed po#ces re("rd!( de!$/c"$o! of $hre"$s $o co&p#"!ce $h $he f'!d"&e!$"# pr!cp#es. :9. 6he! $he s"fe('"rds "+"#")#e "re !s'ce!$ $o e#&!"$e $he $hre"$s $o !depe!de!ce or $o red'ce $he& $o "! "ccep$")#e #e+e#, or he! " /r& chooses !o$ $o e#&!"$e $he "c$+$es or !$eres$ cre"$!( $he $hre"$ , $he o!#* co'rse of "c$o! "+"#")#e ## )e $he ". Iss'"!ce of "! "d+erse op!o! ). Iss'"!ce of -'"#/ed op!o! or dsc#"&er of op!o!. c. Iss'"!ce of '!&od/ed op!o! $h e3p#"!"$or* p"r"(r"ph d. Ref's"# $o perfor&, or $hdr""# fro& , $he "ss'r"!ce e!("(e&e!$. <>. Fr&4de s"fe('"rds ! $he or e!+ro!&e!$ &"* !c#'de. ". Le"dershp of $he /r& $h"$ s$resses $he &por$"!ce of co&p#"!ce $h $he f'!d"&e!$"# pr!cp#es. ). H"+!( "ppropr"$e )od* !depe!de!$ of &"!"(e&e!$ "ppo!$ $he e3$er!"# "'d$or. c. The cre"$o! of " corpor"$e (o+er!"!ce s$r'c$'re $h"$ pro+des "ppropr"$e o+ers(h$ "!d co&&'!c"$o! re("rd!( $he /r&%s ser+ces. d. Professo!"# s$"!d"rds. <1. S"fe('"rds $h! $he c#e!$s s*s$e&s "!d proced're &"* !c#'de ". I!+o#+!( "!o$her /r& $o perfor& or re4perfor& p"r$ of $he "ss'r"!ce e!("(e&e!$. ). Dsc'ss!( !depe!de!ce ss'es $h "'d$ co&&$$ee or o$hers ch"r(ed $h (o+er!"!ce. c. Po#ces "!d proced'res $o e&ph"s@e $he "ss'r"!ce c#e!$%s co&&$&e!$ $o f"r /!"!c"# repor$!(. d. I!+o#+!( "! "dd$o!"# professo!"# "cco'!$"!$ $o re+e $he or do!e or o$herse "d+se "s !ecess"r*. <2. The ro$"$o! of se!or "cco'!$!( perso!!e# c"! )e re("rded "s " s"fe('"rd ". Cre"$ed )* $he professo!. ). Cre"$ed $h! $he c#e!$%s s*s$e& "!d proced'res c. Cre"$ed ! $he or e!+ro!&e!$ d. Cre"$ed $h! $he )'s!ess co&&'!$*. <0. 6hch of $he fo##o!( s !o$ o!e of $he s"fe('"rds ! $he or e!+ro!&e!$7 ". Us!( d=ere!$ p"r$!ers "!d $e"&s $h sep"r"$e repor$!( #!es for $he pro+so! of !o!4 "ss'r"!ce ser+ces $o "! "ss'r"!ce c#e!$. ). Ro$"$o! of se!or perso!!e# c. Doc'&e!$ed !$er!"# po#ces "!d proced'res re-'r!( co&p#"!ce $h $he f'!d"&e!$"# pr!cp#es. d. Co!$!'!( professo!"# ed'c"$o! re-'re&e!$s. <5. 6hch of $he fo##o!( s$"$e&e!$s ")o'$ CPA%s /!"!c"# !$eres$ ! " c#e!$ s !correc$7 ". I&&"$er"# !drec$ /!"!c"# !$eres$ &p"rs $he CPA%s !depe!de!ce. ). I&&"$er"# drec$ /!"!c"# !$eres$ &p"rs $he CPA%s !depe!de!ce. c. "$er"# drec$ /!"!c"# !$eres$ &p"rs $he CPA%s !depe!de!ce. d. "$er"# !drec$ /!"!c"# !$eres$ &p"rs $he CPA%s !depe!de!ce. <. 6hch of $he fo##o!( s"fe('"rds co'#d "ddress $he $hre"$ cre"$ed )* " &"$er"# drec$ /!"!c"# !$eres$ ! "! "ss'r"!ce c#e!$7 A ) c d Dspos"# of /!"!c"# !$eres$ ! $o$"# *es *es !o *es Dspos"# of s'ce!$ "&o'!$ of /!"!c"# !$eres$ $o &"e I$ &&"$er"# *es *es *es !o Re&o+!( $s &e&)er of $he "ss'r"!ce $e"& fro&  The "ss'r"!ce c#e!$. ?es !o !o *es

<:. If " /r&, or " !e$or /r&, h"s " &"$er"# drec$ /!"!c"# !$eres$ ! "! "'d$ c#e!$ of $he /r&, $he se#f4 !$eres$ $hre"$ cre"$ed o'#d )e so s(!/c"!$ !o s"fe('"rds co'#d red'ce $he $hre"$ $o "! "ccep$")#e #e+e#. The "c$o! "ppropr"$e $o per&$ $he /r& $o perfor& $he e!("(e&e!$ o'#d )e $o. ". Dspose of $he /!"!c"# !$eres$ ). Dspose of " s'ce!$ "&o'!$ of $ so $h"$ $he re&"!!( !$eres$ s !o #o!(er &"$er"#. c. E$her " or ) d. Ne$her " !or ). <<. If " &e&)er of $he "ss'r"!ce $e"&, or $her &&ed"$e f"&#* &e&)er h"s " drec$ /!"!c"# !$eres$, or " &"$er"# !drec$ /!"!c"# !$eres$, ! $he "ss'r"!ce c#e!$, $he se#f4!$eres$ $hre"$ cre"$ed o'#d )e so s(!/c"!$. Co!se-'e!$#*, $he professo!"# "cco'!$"!$ sho'#d "pp#* "ppropr"$e s"fe('"rds ! order $o e#&!"$e $he $hre"$ or red'ce $ $o "! "ccep$")#e #e+e#. 6hch of $he fo##o!( s"fe('"rds o'#d !o$ )e "ppropr"$e7 ". Dspose of $he drec$ /!"!c"# !$eres$ pror $o $he !d+d'"# )eco&!( " &e&)er of $he "ss'r"!ce $e"&. ). Dspose of $he !drec$ /!"!c"# !$eres$ ! $o$"# pror $o $he !d+d'"# )eco&!( " &e&)er of $he "ss'r"!ce $e"&. c. Dspose of " s'ce!$ "&o'!$ of $he !drec$ /!"!c"# !$eres$ so $h"$ $he re&"!!( !$eres$ s !o #o!(er &"$er"# pror $o $he !d+d'"# )eco&!( " &e&)er of $he "ss'r"!ce $e"&. d. L&$ $he p"r$cp"$o! of $he &e&)er of $he "ss'r"!ce $e"&. <8. C#ose )'s!ess re#"$o!shp c"! )e re("rded "s "! !drec$ /!"!c"# !$eres$ "!d $herefore o'#d &p"r $he professo!"# "cco'!$"!%s !depe!de!ce '!#ess. ". The "&o'!$ s &&"$er"# ). The re#"$o!shp s !s(!/c"!$ c. Bo$he " "!d ) d. Ne$her " or )

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82. The fo##o!( #o"!s "!d ('"r"!$ees o'#d !o$ cre"$e " $hre"$ $o !depe!de!ce , e3cep$ ". A #o"! for&, or " ('"r"!$ee $hereof )* , "! "ss'r"!ce c#e!$ $h"$ s " )"! or " s&#"r !s$$'$o!, $o $he /r&, pro+ded $he #o"! s &&"$er"# $o )o$h $he /r& "!d $he "ss'r"!ce c#e!$. ). A #o"! fro&, or " ('"r"!$ee $hereof )*, "! "ss'r"!ce c#e!$ $h"$ s )"! or " s&#"r !s$$'$o!, $o " &e&)er of $he " ss'r"!ce $e"&, pro+ded $he #o"! s &&"$er"# $o )o$h $he /r& "!d "ss'r"!ce c#e!$. c. Depos$s &"de )*, or )roer "cco'!$s of ", /r& or " &e&)er of $he "ss'r"!ce $e"& $h "! "ss'r"!ce c#e!$ $h"$ s " )"!, )roer or s&#"r !s$$'$o!, pro+ded $he depos$ or "cco'!$ s he#d '!der !or&"# " co&&erc"# $er&s. d. A #o"! $o "! "ss'r"!ce c#e!$ $h"$ s !o$ " )"! or s&#"r !s$$'$o!. 80. A! "'d$or%s !depe!de!ce s co!sdered &p"red f $he "'d$or h"s  ". A! &&"$er"#, !drec$ /!"!c"# !$eres$ ! " c#e!$. ). A! o'$s$"!d!( P,>>> )"#"!ce o! " cred$ c"rd ss'ed )* " c#e!$. c. A! "'$o&o)#e #o"! fro& " c#e!$ )"!, co##"$er"#@ed )* $he "'$o&o)#e. d. A ;o!$, c#ose#* he#d )'s!ess !+es$&e!$ $h $he c#e!$ $h"$ s &"$er"# $o $he "'d$or%s !e$ or$h. 85. A se#f4!$eres$ $hre"$ &"* )e cre"$ed f fees d'e fro& "! "ss'r"!ce c#e!$ for professo!"# ser+ces re&"! '!p"d for " #o!( $&e. He!ce, professo!"# fees for pror *e"r%s e!("(e&e!$s &'s$ )e p"d )efore ". The c#e!$ e!("(es $he ser+ces of $he professo!"# "cco'!$"!$ $o "'d$ $he c'rre!$ *e"r%s /!"!c"# s$"$e&e!$s. ). The professo!"# "cco'!$"!$ for&'#"$es "! op!o! o! $he c'rre!$ *e"r%s /!"!c"# s$"$e&e!$s. c.  The "'d$ repor$ o! $he c'rre!$ *e"r%s /!"!c"# s$"$e&e!$s s ss'ed.

d.

The co&&e!ce&e!$ of $he c'rre!$ *e"r%s "'d$ e!("(e&e!$.

8. E3"&p#es of c#ose )'s!ess re#"$o!shps $h"$ &"* cre"$e se#f4!$eres$ "!d !$&d"$o! $hre"$ #e#* !c#'de. ". H"+!( " &"$er"# /!"!c"# !$eres$ ! " ;o!$ +e!$'re $h $he "ss'r"!ce c#e!$ or " co!$ro##!( o!er, drec$or, ocer, or o$her !d+d'"# ho perfor&s se!or &"!"(er"# f'!c$o!s for $h"$ c#e!$. ). Arr"!(e&e!$s $o co&)!e o!e or &ore ser+ces or prod'c$s of $he /r& $h o!e or &ore ser+ces or prod'c$s of $he "ss'r"!ce c#e!$ "!d $o &"re$ $he p"c"(e $h refere!ce $o )o$h p"r$es. c. Ds$r)'$o! or &"re$!( "rr"!(e&e!$s '!der hch $he /r& "c$s "s " ds$r)'$or or &"re$er of $he "ss'r"!ce c#e!$%s prod'c$s or ser+ces, or $he "ss'r"!ce c#e!$ "c$s "s $he ds$r)'$or or &"re$er of $he prod'c$s or ser+ces of $he /r&. d. The p'rch"se of (oods "!d ser+ces fro& "! "ss'r"!ce c#e!$ )* $he /r& or fro& "! "'d$ c#e!$ )* " !e$or /r&G or " &e&)er of $he "ss'r"!ce $e"&, pro+ded $he $r"!s"c$o! s ! $he !or&"# co'rse of )'s!ess "!d o! "! "r&%s #e!($h )"ss. 8:. 6hch of $he fo##o!( "c$+$es o'#d #e"s$ #e#* &p"r $he professo!"# "cco'!$"!$%s !depe!de!ce7 ". Ser+!( "s "! ocer or drec$or of "! "'d$or c#e!$. ). De$er&!!( hch reco&&e!d"$o! of $he /r& sho'#d )e &p#e&e!$ed. c. Be!( "! ho!or"r* )o"rd &e&)er of "! "'d$ c#e!$. d. Repor$!( ! " &"!"(e&e!$ ro#e, $o $hose ch"!(ed $h (o+er!"!ce. 8<. 6hch of $he fo##o!( o'#d #e"s$ #e#* )e co!sdered " +o#"$o! of $he !depe!de!ce r'#es7 ". Rece+!( " (f$ fro& "! "ss'r"!ce c#e!$. ). Pro+d!( $"3 co!s'#$"!c* ser+ces $o "! "'d$ c#e!$. c. Pro+d!( #e("# ser+ces $o "! "ss'r"!ce c#e!$ ! #e("# dsp'$e. d. Pro+d!( )ooeep!( ser+ces $o "! "'d$ c#e!$ $h"$ s #s$ed ! $he s$oc e3ch"!(e. 88. I!depe!de!ce of "! "'d$or ! re#"$o! $o $he e!$erprse &"* )e &p"red '!der $he fo##o!( c"ses, e3cep$ ". H"+!( " drec$ or &"$er"# !drec$ /!"!c"# !$eres$ ! $he e!$erprse. ). Co!!ec$o! $h $he e!$erprse "s " pro&o$er, '!derr$er, +o$!( $r's$ee, drec$or, ocer or e&p#o*ee. c. H"+!( " #o"! $o or fro& $he e!$erprse or "!* ocer, drec$or, or pr!cp"# s$ocho#der $hereof $h cer$"! e3cep$o!s. d. E!("(ed $o re!der &"!"(e&e!$ "d+sor* ser+ces $o $he e!$erprse. 89. A! e!("(e&e!$ p"r$!er ho s ro$"$ed ! $he "'d$ of /!"!c"# s$"$e&e!$s of #s$ed e!$$* c"! o!#* p"r$cp"$e o! $he "'d$ e!("(e&e!$ for $he s"&e c#e!$ "f$er " perod of. ". To *e"rs ). Three *e"rs c. F+e *e"rs d. Te#+e *e"rs. 9>. 6hch of $he fo##o!( ## !o$ !or&"##* &p"r $he "'d$or%s !depe!de!ce 7 ". A! &&ed"$e f"&#* &e&)er of " &e&)er of $he "ss'r"!ce $e"& s " drec$or, "! ocer or "! e&p#o*ee of $he "ss'r"!ce c#e!$ ! " pos$o! $o e3er$ drec$ "!d s(!/c"!$ !'e!ce o+er $he s');ec$ &"$$er of $he "ss'r"!ce e!("(e&e!$. ). A &e&)er of $he "ss'r"!ce $e"& p"r$cp"$es ! $he "ss'r"!ce e!("(e&e!$ h#e !o!( or h"+!( re"so! $o )e#e+e, $h"$ he or she s $o, or &"*, ;o! $he "ss'r"!ce c#e!$ so&e$&e ! $he f'$'re. c. A p"r$!er or e&p#o*ee of $he /r& ser+es "s "! ocer or "s " drec$or o! $he )o"rd of "! "ss'r"!ce c#e!$. d. A p"r$!er or "! e&p#o*ee of $he /r& rece+es " $oe! (f$ fro& "! "ss'r"!ce c#e!$. 91. Co!$!(e!$ fee prc!( of p')#c "cco'!$!( ser+ces s ". Ne+er res$rc$ed ! p')#c "cco'!$!( pr"c$ce. ). Co!sdered "! "c$ dscred$")#e $o $he professo!. c. A#"*s s$rc$#* proh)$ed ! p')#c "cco'!$!( pr"c$ce. d. Proh)$ed for c#e!$s for ho& "ss'r"!ce ser+ces "re pro+ded. 92. I! de$er&!!( es$&"$es of fees, "! "'d$or &"* $"e !$o "cco'!$ e"ch of $he fo##o!(, e3cep$ $he ". "#'e of $he ser+ce $o $he c#e!$. ). De(ree of respo!s)#$* "ss'&ed )* '!der$"!( $he e!("(e&e!$ c. S##s re-'red $o perfor& $he ser+ce. d. A$$"!&e!$ of spec/c /!d!(s. 90. The CPA sho'#d !o$ '!der$"e "! e!("(e&e!$ f hs fee s $o )e )"sed 'po!. ". A perce!$"(e of "'d$ed !e$ !co&e . ). Per de& r"$es p#'s e3pe!ses.

c. d.

A / 3ed "&o'!$ The co&p#e3$* of $he ser+ce re!dered

95. I! hch of $he fo##o!( s$'"$o!s o'#d " p')#c "cco'!$!( /r& h"+e +o#"$ed $he Code of E$hcs ! de$er&!!( $s fee7 ". A fee hch s )"sed 'po! $he !"$'re of $he e!("(e&e!$ r"$her $h"! 'po! $he "c$'"# $&e spe!$ o! $he e!("(e&e!$. ). A fee )"sed o! $he de(ree of respo!s)#$* $h"$ $he ser+ce e!$"#s. c. A fee )"sed o! he$her or !o$ $he "'d$ repor$ #e"ds $o $he "ppro+"# of c#e!$%s "pp#c"$o! for #o"!. d. A fee $h"$ ## )e es$")#shed "s " res'#$ of " )"!r'p$c* proceed!(s. 9. Fees "re !o$ $o )e re("rded "s co!$!(e!$ f $hese "re. ". Co&p'$ed "s " perce!$"(e of $he c#e!$%s !e$ !co&e. ). Co&p'$ed "s " perce!$"(e of $he "&o'!$ $"$ $he co&p"!* c"! s"+e fro& $s $"3 re$'r!. c. Depe!de!$ o! $he "ppro+"# of " )"! #o"!. d. B"sed o! ;'dc"# or o$her (o+er!&e!$ "(e!c* proceed!(s. 9:. The pro+so! of #e("# ser+ces )* " /r&, or !e$or /r&, $o "! e!$$* $h"$ s "! "'d$ c#e!$ &"* cre"$e Ad+oc"c* $hre"$ se#f4re+e $hre"$ ". ?es !o ). No *es c. No !o d.  ?es *es 9<. A drec$or, "! ocer or "! e&p#o*ee of $he "ss'r"!ce c#e!$ ! " pos$o! $o e3er$ drec$ "!d s(!/c"!$ !'e!ce o+er $he s');ec$ &"$$er of $he "ss'r"!ce e!("(e&e!$ h"s )ee! " &e&)er of $he "ss'r"!ce $e"& or p"r$!er of $he /r&. Ths o'#d s$'"$o! &os$ #e#* cre"$e. ". Se#f4!$eres$ $hre"$ c. !$&d"$o! $hre"$ ). Se#f4re+e $hre"$ d. f"&#"r$* $hre"$ 98. The "ppro"ch $o " po$e!$"# c#e!$ for $he p'rpose of o=er!( professo!"# ser+ces s c"##ed. ". I!dece!$ propos"# c. e!cro"ch&e!$ ). So#c$"$o! d. "d+er$s!(

99. The co&&'!c"$o! $o $he p')#c of f"c$s ")o'$ " professo!"# "cco'!$"!$ hch "re !o$ des(!ed for $he de#)er"$e pro&o$o! of $h"$ pro&o$o!"# "cco'!$"!$ s c"##ed. ". Ad+er$s!( c. so#c$"$o! ). P')#c$* d. "d+er$s!( 1>>.A professo!"# "cco'!$"!$ ! p')#c pr"c$ce $o ho& $he e3s$!( "cco'!$"!$ or $he c#e!$ of e3s$!( "cco'!$"!$ h"s referred "'d$, "cco'!$!( , $"3"$o!, co!s'#$!( or s&#"r "ppo!$&e!$s, or ho s co!s'#$ed ! order $o &ee$ $he !eeds of $he c#e!$ s c"##ed ". A &"!"(e&e!$ co!s'#$"!$ c. "! e3per$ ). A rece+!( "cco'!$"!$ d. " s'ccessor "'d$or 1>1.A s'ccessor "'d$or s re-'red $o co&&'!c"$e $h $he pre+o's "'d$or. The pr&"r* co!cer! ! $hs co&&'!c"$o! s ". I!for&"$o! hch ## he#p $he s'ccessor "'d$or de$er&!e he$her $here "re ss'es ")o'$ &"!"(e&e!$ !$e(r$*. ). To #e"r! ")o'$ c#e!$ )* e3"&!!( predecessor%s or!( p"pers. c. To e!")#e s'ccessor "'d$or $o perfor& " &ore ece!$ "'d$. d. To s"+e s'ccessor "'d$or $&e "!d &o!e* ! ("$her!( d"$". Philippine Accountancy Act of 2004

1>2.The o);ec$+e of $he Ph#pp!e Acco'!$"!c* Ac$ 2>>5 !c#'des ". The s$"!d"rd@"$o! "!d re('#"$o! of "cco'!$!( ed'c"$o! ). The e3"&!"$o! for re(s$r"$o! of cer$/ed p')#c "cco'!$"!$s. c. The s'per+so!, co!$ro#, "!d re('#"$o! of $he pr"c$ce of "cco'!$"!c* ! $he Ph#pp!es. d. A## of $he ")o+e. 1>0.6hch of $he fo##o!( does !o$ co!s$$'$e " pr"c$ce of "cco'!$"!c* ". " perso! ho#d!( o'$ h&se#f "s o!e s##ed ! $he !o#ed(e, sce!ce "!d pr"c$ce of "cco'!$!( "!d "s " -'"#/ed perso! re!der professo!"# ser+ces "s " CPA $o &ore $h"! o!e c#e!$.

). c. d.

A perso! represe!$!( hsJher e&p#o*er )efore (o+er!&e!$ "(e!ces o! $"3 "!d o$her "cco'!$!( re#"$ed &"$$ers. A perso! ! ed'c"$o!"# !s$$'$o! $e"ch!( "cco'!$!(, "'d$!(, )'s!ess #", $"3"$o! or o$her $ech!c"##* re#"$ed s');ec$s. A perso! s "ppo!$ed "s " &"re$!( drec$or of " (o+er!&e!$ o!ed "!d co!$ro##ed corpor"$o! .

1>5.The fo##o!( s$"$e&e!$s re#"$es $o $he Bo"rd of Acco'!$"!c*. 6hch s$"$e&e!$ s correc$7 ". The )o"rd co!ss$s of " Ch"r&"! "!d s3 &e&)ers. ). The ch"r&"! "!d &e&)ers "re "ppo!$ed )* $he Presde!$ of $he Ph#pp!es 'po! reco&&e!d"$o! of PICPA. c. The Professo!"# Re('#"$o! Co&&sso! &"* reco+er fro& $he Bo"rd "!d &e&)ers hose cer$/c"$e $o pr"c$ce h"s )ee! re&o+ed or s'spe!ded. d. ";or$* of $he )o"rd &e&)ers sh"## "s &'ch "s poss)#e )e ! p')#c pr"c$ce. 1>.The Professo!"# Re('#"$or* Bo"rd of Acco'!$"!c* sh"## )e co&posed of $he ch"r&"! "!d :G &e&)ers $o )e "ppo!$ed )* $he LISTA AG fro& " #s$ of $hree reco&&e!ces for e"ch pos$o! "!d r"!ed )* $he #s$ BG fro& " #s$ of /+e G !o&!ees for e"ch pos$o! s')&$$ed )* LIST CG. LIST A LIST B LIST C ". Co&&sso! PICPA Presde!$ of $he Ph#s. ). Presde!$ of $he Ph#s PICPA co&&sso! c. Co&&sso! Co&&sso! PICPA d. Presde!$ of $he Ph#pp!es Co&&sso! PICPA. 1>:.6hch of $he fo##o!( s$"$e&e!$s ")o'$ $he co&pos$o! of $he Bo"rd of Acco'!$"!c* s !correc$7 ". The )o"rd sh"## )e co&posed of " ch"r&"! "!d s3 &e&)ers. ). The &e&)ers of $he Bo"rd sh"## )e "ppo!$ed )* $he Presde!$ of $he Ph#pp!es fro& " #s$ of $hree reco&&e!dees for e"ch pos$o! "!d r"!ed )* $he Co&&sso!, fro& " # s$ of /+e !o&!ees for e"ch pos$o!s s')&$$ed )* "ccred$ed Professo!"# Or("!@"$o! or PICPA. c. The Bo"rd sh"## e#ec$ " ch"r&"! fro& "&o!( $s &e&)ers $o ser+e for " $er& of o!e *e"r. d. If $he APO f"#s $o s')&$ $s !o&!ees $h! :>d"*s pror $o e3pr* of $he $e"& of "! !c'&)e!$ ch"r&"! or &e&)er, $he co&&sso! ! co!s'#$"$o! $h $he Bo"rd sh"## s')&$ $o $he presde!$ " #s$ of $hree !o&!ees for e"ch +"c"!$ pos$o!. 1><.6hch of $he fo##o!( s !o$ o!e of $he -'"#/c"$o!s of $he &e&)ers of $he Bo"rd of Acco'!$"!c*7 ". HeJshe &'s$ )e " !"$'r"#4)or! c$@e! "!d " resde!$ of $he Ph#pp!es. ). HeJshe &'s$ )e " d'#* Cer$/ ed P')#c Acco'!$"!$ $h "$ #e"s$ $e! *e"rs of e3pere!ce ! pr"c$ce of p')#c "cco'!$"!c*. c. HeJshe &'s$ !o$ h"+e "!* drec$ or !drec$ pec'!"r* !$eres$ ! "!* schoo#, co##e(e, '!+ers$*, or !s$$'$o! o=er!( " BS Acco'!$"!c* co'rse or !s$$'$o! co!d'c$!( re+e c#"sses ! $he prep"r"$o! for $he #ce!s're e3"&!"$o! "$ $he $&e of hs "ppo!$&e!$ $o $he Bo"rd. d. HeJshe &'s$ !o$ )e " drec$or or ocer of PICPA "$ $he $&e of hs "ppo!$&e!$. 1>8.6hch of $he fo##o!( s !o$ o!e of $he -'"#/c"$o!s of $he &e&)ers of $he Bo"rd of "cco'!$"!c*7 ". 's$ )e " !"$'r"# K)or! CPA "!d resde!$ of $he Ph#pp!es. ). 's$ )e " d'#* Cer$/ed P')#c Acco'!$"!$ $h "$ #e"s$ $e! *e"rs of e3pere!ce ! pr"c$ce of "cco'!$"!c*. c. 's$ )e of (ood &or"# ch"r"c$er. d. 's$ !o$ h"+e )ee! co!+c$ed of cr&es !+o#+!( &or"# $'rp$'de. 1>9.6hch s$"$e&e!$ s correc$ re("rd!( $he $er& of oce of $he ch"r&"! "!d $he &e&)ers of $he Bo"rd of Acco'!$"!c* BOAG7 ". No perso! ho h"s ser+ed $hree 0G s'ccess+e co&p#e$e $er&s sh"## )e e#()#e for re"ppo!$&e!$ '!$# $he #"pse of o!e 1G *e"r. ). Appo!$&e!$ $o /## 'p "! '!e3pec$ed $er& s $o )e co!sdered " co&p#e$e $er&. c. A perso! &"* ser+e ! $he Bo"rd of Acco'!$"!c* for e(h$ co!sec'$+e *e"rs . d. No perso! sh"## ser+e ! $he Bo"rd for &ore $h"! 1> *e"rs. 11>.The presde!$ of $he Ph#pp!es, 'po! $he reco&&e!d"$o! of $he co&&sso!, &"* s'spe!d or re&o+e "!* &e&)er of $he Bo"rd of Acco'!$"!c*. 6hch of $he fo##o!( s !o$ " +"#d (ro'!d for s'spe!so! or re&o+"# of &e&)ers of $he )o"rd of Acco'!$"!c*7 ". Ne(#ec$ of d'$* or !co&pe$e!ce. ). A &e&)er of $he Bo"rd of Acco'!$"!c* &"!p'#"$ed $he CPA #ce!s're e3"&!"$o! res'#$s. c. A &e&)er of $he Bo"rd h"s +o#"$ed RA 9298. d. A &e&)er of $he Bo"rd h"s )ee! s'ed of cr&es !+o#+!( &or"# $'rp$'de. 111.6hch of $he fo##o!( s !o$ " f'!c$o! of $he Bo"rd of Acco'!$"!c*7 ". To s'per+se $he re(s$r"$o!, #ce!s're "!d pr"c$ce of "cco'!$"!c* ! $he Ph#pp!es. ). To ss'e, s'spe!d, re+oe or re!s$"$e $he cer$/c"$e of re(s$r"$o! for $he pr"c$ce of $he "cco'!$"!c* professo!.

c. d.

To prescr)e "!dJor "dop$ " code of e$hcs for $he pr"c$ce of "cco'!$"!c* To "dop$ "! oc"# se"# of $he co&&sso!.

112.6hch s #e"s$ f'!c$o! of $he Bo"rd of Acco'!$"!c*7 ". To prep"re, "dop$, ss'e or "&e!d s*##") "$ $he s');ec$s for e3"&!"$o!s ! co!s'#$"$o! $h $he "c"de&e. ). To prep"re -'es$o! for $he CPA #ce!s're e3"&!"$o! hch sh"## s$rc$#* $h! $he scope of $he s*##") of $he s');ec$s for e3"&!"$o!7 c. To !+es$("$e +o#"$o! of $he RA 9298 d. To s'per+se PICPA 110.6hch of $he fo##o!( s !o$ o!e of $he f'!c$o!s of $he Bo"rd of Acco'!$"!c* spec/c"##* pro+ded '!der $he RA 92987 ". To &o!$or $he co!d$o!s "=ec$!( $he pr"c$ce of "cco'!$"!c* "!d "dop$ s'ch &e"s'res dee&ed proper for $he e!h"!ce&e!$ "!d &"!$e!"!ce of h(h professo!"#, e$hc"#, "cco'!$!( "!d "'d$!( s$"!d"rds. ). To co!d'c$ "! o+ers(h$ !$o $he -'"#$* of "'d$s of /!"!c"# s$"$e&e!$s $ro'(h " re+e of $he -'"#$* co!$ro# &e"s'res. c.  To de#e("$e $s poer "!d f'!c$o! $o de$er&!e "!d prep"re $es$ -'es$o!s for $he CPA #ce!s're e3"&!"$o!. d. To &"e !+es$("$o! "s $ dee&s !ecess"r* $o de$er&!e he$her "!* perso! h"s +o#"$ed "!* pro+so!s of $hs #" or "!* s$"!d"rds pro&'#("$ed )* $he B"rd "s p"r$ of $he r'#es (o+er!!( $he pr"c$ce of "cco'!$"!c*. 115.The "'d$!( s$"!d"rds se$$!( )od* cre"$ed )* $he PRC s !o! "s ". F!"!c"# Repor$!( S$"!d"rds Co'!c# FRSCG ). A'd$!( S$"!d"rds "!d Pr"c$ces Co'!c# ASPCG c. Acco'!$!( S$"!d"rds Co'!c# ASCG d. A'd$!( "!d Ass'r"!ce S$"!d"rds Co'!c# AASCG 11.6hch of $he fo##o!( s$"$e&e!$s s correc$ ")o'$ AASC7 ". The AASC sh"## )e co&posed of " ch"r&"! "!d s3 &e&)ers. ). The ch"r&"! "!d &e&)ers of $he AASC sh"## )e "ppo!$ed )* $he Presde!$ of $he Ph#pp!es fro& " #s$ of $hree reco&&e!dees r"!ed )* $he Co&&sso! fro& $he #s$ of  !o&!ees for e"ch pos$o! s')&$$ed )* APO. c. The ch"r&"! "!d &e&)ers of $he AASC sh"## h"+e " $er& of $hree *e"rs re!e")#e for "!o$her $er&. d. The AASC sh"## e#ec$ " ce Ch"r&"! fro& "&o!( $s &e&)ers for " $er& of o!e *e"r. 11:.The sec$or $h"$ s &os$ represe!$ed ! $he AASC s $he. ". Co&&erce "!d !d's$r* ). Ac"de&e c. Mo+er!&e!$ d. P')#c pr"c$ce 11<.6hch of $he fo##o!( s$"$e&e!$s ")o'$ Acco'!$!( S$"!d"rds Se$$!( Co'!c# s f"#se7 ". The "cco'!$!( s$"!d"rds se$$!( )od* s $o )e !o! "s F!"!c"# Repor$!( S$"!d"rds Co'!c# FRSCG ). The Acco'!$!( s$"!d"rds se$$!( )od* sh"## )e co&posed of " ch"r&"! "!d fo'r$ee! &e&)ers. c. The ch"r&"! "!d &e&)ers of $he s$"!d"rd se$$!( co'!c# sh"## )e "ppo!$ed )* $he co&&sso! 'po! $he reco&&e!d"$o! of $he Bo"rd ! coord!"$o! $h APO. d. The p')#c "cco'!$!( pr"c$ce s $he sec$or $h"$ s &os$ represe!$ed ! $he "cco'!$!( s$"!d"rd se$$!( co'!c#. 118.6hch of $he fo##o!( (o+er!&e!$ re('#"$or* "(e!ces s !o$ represe!$ed ! $he AASC7 ". Sec'r$es "!d e3ch"!(e Co&&sso! ). B're"' of !$er!"# re+e!'e c. B"!o Se!$r"# N( P#p!"s d. Bo"rd of Acco'!$"!c*. 119.Ed'c"$o!"# Tech!c"# Co'!c# ETCG d=ers fro& "cco'!$!( "!d "'d$!( s$"!d"rds se$$!( co'!c# ! $h"$ ". ETC s co&posed of 1 &e&)ers $h ch"r&"!. ). The ch"r&"! "!d &e&)ers of ETC "re "ppo!$ed )* $he Co&&sso!. c. The ch"r&"! "!d &e&)ers of ETC h"+e " $hree *e"r $er& re!e")#e for "!o$her $er&. d. The ch"r&"! of ETC &'s$ h"+e )ee! or prese!$#* " se!or "cco'!$!( pr"c$$o!er ! Ac"de&eJed'c"$o!. 12>.6hch of $he fo##o!( s !o$ o!e of $he f'!c$o!s of E TC7

". ). c. d.

Reco&&e!ded $o $he Bo"rd $he re+oc"$o! of $he cer$/c"$e of re(s$r"$o! "!d $he professo!"# de!$/c"$o! c"rd of "! !d+d'"# CPA or CPA /r& !c#'d!( "!* of $her &e&)ers ho h"+e !o$ co&p#ed $h $he s$"!d"rds of -'"#$* prescr)ed for $he pr"c$ce of p')#c "cco'!$"!c*. De$er&!e " &!&'& s$"!d"rd c'rrc'#'& for $he s$'d* of "cco'!$"!c* $o )e &p#e&e!$ed ! "## schoo#s o=er!( BS Acco'!$"!c*. Es$")#sh $e"ch!( s$"!d"rds, !c#'d!( $he -'"#/c"$o! of $he &e&)ers of $he f"c'#$* of schoo#s "!d co##e(es of "cco'!$"!c*. o!$or $he pro(ress of $he pro(r"& o! $he s$'d* of "cco'!$"!c* "!d '!der$"!( &e"s'res for $he "$$"!&e!$ of " h(h -'"#$* "cco'!$"!c* ed'c"$o! ! $he co'!$r*.

121.The fo##o!( s$"$e&e!$s re#"$e $o $he RA9298. 6hch s$"$e&e!$ s $r'e7 ". The Professo!"# Re('#"$o! co&&sso! h"s $he "'$hor$* $o re&o+e "!* &e&)er of $he Bo"rd of Acco'!$"!c* for !e(#(e!ce, !co&pe$e!ce, or "!* o$her ;'s$ c"'se. ). I!s"!$* s !o$ " (ro'!d for proceed!( "("!s$ " CPA. c. No perso! sh"## )e "ppo!$ed "s " &e&)er of $he Bo"rd of Acco'!$"!c* '!#ess he h"s )ee! ! $he pr"c$ce of Acco'!$"!c* for "$ #e"s$ 1> *e"rs, "&o!( o$hers. d. Af$er $hree *e"rs, s');ec$ $o cer$"! co!d$o!s, $he Bo"rd of Acco'!$"!c* &"* order $he res$"$e&e!$ of " CPA hose cer$/c"$e of re(s$r"$o! h"s )ee! re+oed. 122.The fo##o!( "re -'"#/c"$o!s of " pp#c"!$s for CPA #ce!s're e3"&!"$o! e3cep$. ". HeJshe s F#p!o C$@e!. ). HeJshe s of (ood &or"# ch"r"c$er c. HeJshe s ho#der of $he de(ree of B"che#or of Sce!ce ! Acco'!$"!c* d. HeJshe s "$ #e"s$ 21 *e"rs of "(e. 120.To )e -'"#/ed "s h"+!( p"ssed $he CPA #ce!s're e3"&!"$o! ". The c"!dd"$e &'s$ h"+e " (e!er"# e(h$ed "+er"(e of "$ #e"s$ <. ). The c"!dd"$e &'s$ !o$ h"+e " (r"de #oer $h"! : ! "!* (+e! s');ec$. c. Bo$h A "!d B d. N e$her A or B 125.The )o"rd of "cco'!$"!c* sh"## s')&$ $o $he PRC $he r"$!(s o)$"!ed )* e"ch c"!dd"$e $h!  d"*s "f$er $he e3"&!"$o! '!#ess e3$e!ded for ;'s$ " c"'se. ". 1> ).  c. 2 d. 0 12.A!* c"!dd"$e ho f"#s ! 2 co&p#e$e CPA Bo"rd e3"&!"$o! sh"## )e ds-'"#/ed fro& $"!( "!o$her se$ of e3"&!"$o! '!#ess he or she s')&$s e+de!ce $o $he s"$sf"c$o! of $he Bo"rd $h"$. ". HeJshe e!ro##ed ! "!d co&p#e$ed "$ #e"s$ 25 '!$s of s');ec$s (+e! ! $he #ce!s're e3"&!"$o!. ). HeJshe e!ro##ed ! "! ed'c"$o!"# !s$$'$o! o=er!( or co!d'c$!( re+e c#"sses ! prep"r"$o! for CPA Bo"rd E3"&!"$o!. c. HeJshe e!ro##ed $he s');ec$ (+e! ! $he CPA )o"rd E3"&!"$o! ! $he re('#"r co'rse o=er!(. d. HeJshe s re"d* $o $"e "!o$her se$ of e3"&!"$o!. 12:.6hch of $he fo##o!( sh"## )e ss'ed $o e3"&!ees ho p"ss $he CPA #ce!s're e3"&!"$o!7 ". Cer$/c"$e of "ccred$"$o! ). Perso!"# de!$/c"$o! c"rd. c. Cer$/c"$e of re(s$r"$o! "!d professo!"# de!$/c"$o! c"rd. d. Cer$/c"$e of f'## co&p#"!ce "!d PRC ID. 12<.6hch of $he fo##o!( s o!e of $he re"so!s for !o$ ss'!( " cer$/c"$e of re(s$r"$o! $o " s'ccessf'# e3"&!ee7 The !d+d'"# ". Is of '!so#d &!d ). H"d )ee! ('#$* of &&or"# "!d dsho!or")#e co!d'c$. c. H"d )ee! co!+c$ed )* " co'r$ of " cr&!"# o=e!se !+o#+!( &or"# $'rp$'de. d. A## of (+e! choces. 128.A CPA hose cer$/c"$e of re(s$r"$o! h"s )ee! re+oed. ". C"! !o #o!(er )e re!s$"$ed ). Is "'$o&"$c"##* re!s$"$ed "s " CPA )* $he PRC "f$er $o *e"rs f he h"s "c$ed ! "! e3e&p#"r* &"!!er c. "* he re!s$"$ed )* $he Professo!"# Re('#"$o! Co&&sso! "f$er $o *e"rs f he h"s "c$ed ! "! e3e&p#"r* &"!!er. d. "* he re!s$"$e "s " CPA )* $he Bo"rd of Acco'!$"!c* "f$er $o *e"rs f he h"s "c$ed ! "! e3e&p#"r* &"!!er. 129.A Professo!"# Ide!$/c"$o! C"rd )e"r!( $he re(s$r"$o! !'&)er d"$e of ss'"!ce, e3pr* d"$e, d'#* s(!ed )* $he ch"rperso! of $he C o&&sso!, sh"## )e ss'ed $o e+er* re(s$r"!$ re!e")#e e+er* ". To *e"rs ). Three *e"rs

c. d.

Fo'r *e"rs F +e *e"r s.

10>.RA 9298, re-'res $h"$ he!e+er " CPA s(!s " doc'&e!$ ! co!!ec$o! $h $he pr"c$ce of hsJher professo!, he or she &'s$ !dc"$e $he Cer$/c"$e of  Re(s$r"$o! soc"# Sec'r$* Professo!"# T"3 N'&)er !'&)er recep$ !'&)er ". ?es *es *es ).  ?es !o *es c. No *es !o d. ?es !o !o 101.The Bo"rd of Acco'!$"!c* &"* ss'e cer$/c"$e of re(s$r"$o! "!d professo!"# de!$/c"$o! c"rd $o "!* s'ccessf'# e3"&!ee. ". Of '!so'!d &!d ). Co!+c$ed )* " co'r$ of po#$c"# o=e!se. c. M'#$* of &&or"# or dsho!or")#e co!d'c$. d. 6ho h"s f"#se#* represe!$ed h&se#fJherse#f ! hsJher "pp#c"$o! for e3"&!"$o!7 102.The Bo"rd of Acco'!$"!c* &"*, "f$er $he e3pr"$o! of  *e"rs fro& $he d"$e re+oc"$o! of " cer$/c"$e of re(s$r"$o!, re!s$"$e $he +"#d$* of " re+oed cer$/c"$e of re(s$r"$o!. ". 2 ). 0 c. 5 d.  100.The fo##o!( s$"$e&e!$s re#"$e $o ros$er of CPAs. Ide!$f* $he !correc$ s$"$e&e!$. ". A ros$er sho!( $he !"&es "!d p#"ce of )'s!ess of "## re(s$ered CPAs sh"## )e prep"red "!d 'pd"$ed )* $he Bo"rd. ). Copes of $he ros$er sh"## )e &"de "+"#")#e $o "!* p"r$* "s &"* )e dee&ed !ecess"r*. c. The Bo"rd, 'po! "ppro+"# of $he Co&&sso! , &"* de#e("$e $he prep"r"$o! of $hs ros$er $o $he APO. d. The p')#c"$o! of $he ros$er ! $he oc"# ("@e$$e or ! "!* &";or !es p"per of p')#c crc'#"$o! sh"## )e dee&ed co&p#"!ce $h $he re-'re&e!$s of RA 9298. 105.A!* perso! ho sh"## +o#"$e "!* of $he pro+so!s of $he Acco'!$"!c* Ac$ or "!* of $s &p#e&e!$!( r'#es "!d re('#"$o!s pro&'#("$ed )* $he Bo"rd of Acco'!$"!c* s');ec$ $o $he "ppro+"# of $he PRC, sh"## 'po! co!+c$o!, )e p'!shed )*. ". Le$h"# !;ec$o! ). A /!e of !o$ &ore $h"! p>,>>> c. I&prso!&e!$ for " perod !o$ e3ceed!( $o *e"rs. d. A /!e of !o$ #ess $h"! P>,>>> or )* &prso!&e!$ for " perod !o$ e3ceed!( $o *e"rs or )o$h. 10.6ho s !o$ per&$$ed '!der RA9298 $o pr"c$ce p')#c " cco'!$"!c*7 ". A corpor"$o!, hose s$ocho#ders "re "## CPAs ). A (e!er"# p"r$!ershp c. A #&$ed #")#$* p"r$!ershp. d. A so#e propre$orshp. 10:.A cer$/c"$e of "ccred$"$o! sh"## )e ss'ed $o cer$/ed p')#c "cco'!$"!$s ! p')#c pr"c$ce o!#* 'po! sho!(, ! "ccord"!ce $h r'#es "!d re('#"$o!s pro&'#("$ed )* $he Bo"rd "!d "ppro+ed )* $he Co&&sso!, $h"$ s'ch re(s$r"!$ h"s "c-'red ho &"!* *e"rs of &e"!!(f'# e3pere!ce ! " !* "re"s of p')#c pr"c$ce7 ".

O!e

). $o

c. $hree d. fo'r

10<.Be#o "re !"&es of fo'r CPA /r&s "!d per$!e!$ f"c$s re#"$!( $o $he&. U!#ess o$herse !dc"$ed, $he !d+d'"#s !"&ed "re C.P.As. "!d p"r$!ers "!d $here "re !o o$her p"r$!ers. 6hch /r& !"&e "!d re#"$ed f"c$s !dc"$ed " +o#"$o! of $he Ph#pp!es Acco'!$"!c* Ac$ of 2>>57 ". B!h , )!$ "!d )($ CPAs )($ ded ")o'$  *e"rs "(o B!h "!d B!$ "re co!$!'!( $he /r&G ). T' "!d R"&os, CPAs $he !"&e of R. Her&os##", CPA, " $hrd p"r$!er s o&$$ed fro& $he /r&G. c. B$"*, "!d B(o, CPAs  B$"* ded ")o'$ $hree *e"rs "(o, B(o s co!$!'!( $he /r& "s " so#e pr"c$$o!er G d. . ce!co "!d Co., CPAs . ce!co h"s $e! o$her p"r$!ers ho "re "## CPAsG

151 "!d 150 "re )"sed o! $he fo##o!( !for&"$o! CPAs, /r&s "!d p"r$!ershps of CPAs e!("(ed ! $he pr"c$ce of p')#c "cco'!$"!c* !c#'d!( p"r$!ers "!d s$"= &e&)ers $hereof, sh"## re(s$er $h $he Co&&sso! "!d $he Bo"rd , s'ch re(s$r"$o! $o )e re!eed e+er*  o! or )efore . 108.". o!e *e"r ). $o *e"rs

c. $hree *e"rs d. /+e *e"rs

109.

c. Sep$e&)er 0> d. "* 01

". Apr# 1 ) Dece&)er 01

15>.If $he "pp#c"$o! for re(s$r"$o! $o pr"c$ce p')#c "cco'!$"!c* of ce!co "!d CO. CPAs, "s "ppro+ed o! Apr# >,2>1:, $he re(s$r"$o! sh"## e3pre o!. ". Sep$e&)er 0>,2>18 c. Apr# 0>,2>19 ). Sep$e&)er 0>,2>19 d. Dece&)er 01, 2>18 151.6hch of $he fo##o!( or("!@"$o! h"s )ee! reco(!@ed )* $he Co&&sso! o! Oc$o)er 2,19< per Accred$"$o! No. 1 , "s Accred$ed Professo!"# Or("!@"$o!7 ". Bo"rd of Acco'!$"!c* BOAG ). Ph#pp!e I!s$$'$e of CPAs PICPAG c. Assoc "$o ! o f CPAs ! P')#c Pr"c$ce ACPAPPG d. ASSOCIATION OF CPAs IN Ed'c"$o! ACPAEG 152.The PICPA sh"## re!e $s cer$/c"$e of " ccred$"$o! o!ce e+er* ". To *e"rs c. fo'r *e"rs ).  Three *e"rs d. /+e *e"rs 150.6hch of $he fo##o!( s$"$e&e!$s s correc$ ")o'$ $he PRC CPE Co'!c#7 ". The Co'!c# sh"## )e co&posed of s3 &e&)ers "!d " ch"rperso!. ).  The &e&)ers of $he Bo"rd sh"## choose " ch"rperso! fro& "&o!( $he&se#+es c. The &e&)ers of $he Co'!c# sh"## )e "ppo!$ed )* $he Co&&sso! 'po! reco&&e!d"$o! of $he Bo"rd ! coord!"$o! $h APO. d. The ch"rperso! "!d &e&)ers of $he Co'!c# sh"## h"+e " $er& of $hree *e"rs re!e")#e for "!o$her $er&. 155.For e+er* CPE se&!"rs or co!+e!$o!s "$$e!ded, p"r$cp"!$ CPAs sh"## (e$. ". O!e cred$ '!$ per ho'r c. $hree cred$ '!$s per ho'r. ). To cred$ '!$s per ho'r d. /+e cred$ '!$s per ho'r. 15.A re(s$ered professo!"# sh"## )e per&"!e!$#* e3e&p$ed fro& CPE re-'re&e!$s 'po! re"ch!( $he "(e of. ".  *e"rs o#d c. :> *e"rs o#d. ). : *e"rs o#d d. <> *e"rs o#d. 15:.A re(s$ered CPA ho s or!( or pr"c$c!( hsJher professo!"# f'r$her!( ")ro"d sh"## )e $e&por"r#* e3e&p$ed fro& co&p#"!ce $h CPE re-'re&e!$s d'r!( $he perod of hsJher s$"* ")ro"d, pro+ded $h"$ pror $o $he d"$e of re!e"# heJ she h"s )ee! o'$ of $he co'!$r* for "$ #e"s$. ". Fo'r *e"rs c. $o *e"rs ). Three *e"rs d. o!e *e"r 15<.U!#ess o$herse e3e&p$ed, re(s$ered CPAs ! $he pr"c$ce of "cco'!$"!c* ho h"+e !o$ co&p#e$ed $he CPE re-'re&e!$s sh"##. ". Be dropped fro& $he ros$er of CPAs ). No$ )e "##oed $o re!e $her professo!"# #ce!ses. c. Prese!$ e+de!ce $o $he s"$sf"c$o! of $he Bo"rd $h"$ $he* h"+e $he !ecess"r* !o#ed(e, s##s "!d e3pere!ce $o dsch"r(e $her professo!"# respo!s)#$*. d. S')&$ " #e$$er "ddressed $o $he Bo"rd !dc"$!( $he re"so!s for !o$ co&p#*!( $h $he CPE re-'re&e!$s.

158.A3!( $he CPAs re"# "!d s(!"$'re o! $he "'d$or%s repor$ s "! !dc"$o! of ". CPA%s "ccep$"!ce of respo!s)#$* for $he /!"!c"# s$"$e&e!$s "'d$ed. ). Co&p#"!ce )* $he CPA of $he re-'s$e "cco'!$!( "!d "'d$!( s$"!d"rds "!d r'#es . c. CPA%s "ccred$"$o! $o pr"c$ce p')#c "cco'!$"!c* d. F"r prese!$"$o! of /!"!c"# s$"$e&e!$s "'d$ed. 159.Spec"#J$e&por"r* per&$ &"* )e ss'ed )* $he Bo"rd $o $he fo##o!( perso!s e3cep$.

". ). c. d.

A fore(! CPA c"##ed for co!s'#$"$o! or spec/c p'rpose hch s esse!$"# for $he de+e#op&e!$ of $he co'!$r* "!d $h"$ $here "re !o F#p!o CPA%s -'"#/ed for s'ch co!s'#$"$o! or spec/c p'rpose. A fore(! CPA e!("(ed "s " professor or #ec$'rer ! $he /e#ds esse!$"# $o "cco'!$"!c* ed'c"$o! ! $he Ph#pp!es. A fore(! CPA $h spec"#@"$o! ! "!* )r"!ch of "cco'!$"!c* "!d hsJher ser+ce s esse!$"# for $he "d+"!ce&e!$ of "cco'!$"!c* ! $he Ph#pp!es. A fore(! CPA ho c"! pro+e $h"$ $he co'!$r* of hch he or she s " c$@e! "d&$s of $he Ph#pp!es $o $he pr"c$ce of $he s"&e professo!"# $ho'$ res$rc$o!.

1>.6hch of $he fo##o!( s$"$e&e!$s ")o'$ or !( p"per s correc$7 ". 6or!( p"pers prep"red )* " CPA !c#'d!( $hose prep"red "!d s')&$$ed )* $he c#e!$ "re $he perso!"# proper$* of $he "'d$or "!d $he c#e!$ h"s !o r(h$ $o $hese or!( p"pers. ). 6or!( p"pers &"* s')s$$'$e $he c#e!$%s "cco'!$!( records c. 6or!( p"pers "re s');ec$ $o co!/de!$"#$* r'#es "!d $he* c"!!o$ )e sho! $o $hrd p"r$es ! "!* crc'&s$"!ces. d. 6or!( p"pers sho'#d !o$ ser+e "s " refere!ce so'rce for $he c#e!$s "cco'!$!( records. 11.The fo##o!( s$"$e&e!$s re#"$e $o RA 9298. Ide!$f* $he !correc$ s$"$e&e!$. ". I&p#e&e!$!( r'#es "!d re('#"$o!s sh"## $"e e=ec$ 1 d"*s fo##o!( $s p')#c"$o! ! $he oc"# ("@e$$e or ! "!* d"#* !esp"pers of (e!er"# crc'#"$o!. ). A!* perso! ho sh"## +o#"$e "!* of $he pro+so!s of RA 9298 or $he IRR sh"## 'po! co!+c$o! , )e p'!shed )* " /!e of !o$ &ore $h"! P>,>>> or )* &prso!&e!$ for " perod !o$ e3ceed!( 2 *e"rs or )o$h. c. The )o"rd &"$ "f$er $he e3pr"$o! of 2 *e"rs fro& $he d"$e of re+oc"$o! of Cer$/c"$e of re(s$r"$o! &"* re!s$"$e $he re+oed cer$/c"$e. d. A## (r"d'"$es $h )"che#or%s de(ree &";or ! Acco'!$!( sh"## )e "##oed $o $"e $he CPA Lce!s're e3"&!"$o! $h! $o *e"rs fro& $he "=ec$+$* of RA 9298 or '!$# "* 2>>:. 12.6hch of $he fo##o!( f'!c$o!s $o pro&'#("$e "'d$!( s$"!d"rds7 ". A !"$o!"# Accred$ed Professo!"# Or("!@"$o!. ). F!"!c"# Repor$!( S$"!d"rds Co'!c# c. ACPAPP d. A'd$!( "!d Ass'r"!ce S$"!d"rds Co'!c#. 10.Ro, CPA s "pp#*!( for re!e"# of hs professo!"# #ce!se. She s e3e&p$ed fro& $he CPE re-'re&e!$s. ". If she s "$ #e"s$ : *e"rs o#d. ). If she s or!( ")ro"d "!d he h"s )ee! o'$ of $he co'!$r* for "$ #e"s$ $o *e"rs &&ed"$e#* pror $o $he d"$e of re!e"#. c. E$her A or B d. U!der !o crc'&s$"!ce.

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