Question & AnswerQ&A (PRC BOARD OF ACCOUNTANCY Resolution NO. 64, S. of 2006)
The resolution aims to admit graduates with a Bachelor's Degree, major in accounting or non-holders of Bachelor of Science in Accountancy, to the CPA Board Licensure Examination under specified conditions.
Applicants must be holders of the degree of Bachelor of Science in Accountancy conferred by a duly recognized or accredited institution.
They were allowed to take the CPA Examination within two years from the effectivity of RA No. 9298, specifically until May 2006, subject to Board rules and Commission approval.
The PRC Board of Accountancy Resolution No. 64, s. 2006 allowed such individuals who took and failed the CPA exam on or before May 2006 to retake it, provided they meet certain conditions.
They must have been previously admitted and qualified to take the exam on or prior to May 2006, and if they fail two complete examinations, they must submit a Certificate of Completion of a Refresher Course.
They must submit a Certificate of Completion of a Refresher Course conducted under the rules promulgated by the Board pursuant to RA No. 9298 and Res. No. 71, series of 2004.
Section 9 (o), Article III of RA No. 9298 empowers the Board to exercise such powers necessary or incidental to carrying out the Act’s objectives.
The Resolution took effect fifteen (15) days after its full and complete publication in the Official Gazette or a newspaper of general circulation.
Copies were forwarded to the PRC Application Division, all PRC Regional Offices, the Commission on Higher Education (CHED), the Philippine Institute of Certified Public Accountants (PICPA), and the Association of Certified Public Accountants in Education (ACPAE).
It allowed graduates with a Bachelor's Degree, major in accounting to take the CPA Examination within two years from the effectivity of the Act, after which the special provision expired.