Question & AnswerQ&A (PRC BOARD OF ACCOUNTANCY Resolution NO. 88, S. OF 2008)
The legal basis is Republic Act No. 8981 (Professional Regulation Commission Modernization Act) and Republic Act No. 9298 (Accountancy Act of 2004), which regulate the practice of accountancy and require licensed professionals to teach licensure subjects including accounting.
It covers all Certified Public Accountants (CPAs) involved in teaching accounting, auditing, management advisory services, finance, business law, taxation, and other related subjects at primary, secondary, tertiary, graduate levels, and CPA board review schools/centers that are school-based.
The applicant must possess a relevant Master's degree from a recognized graduate school in business, accounting, taxation, law, education, or related fields, and complete 12 units of relevant education subjects unless already licensed as a Professional Teacher or currently engaged in teaching at the rules' effectivity.
Yes, a total of three years of meaningful experience in actual accounting work in public practice, commerce and industry, or government is required. This experience can be cumulative and need not be continuous.
Meaningful experience includes involvement in general accounting, budgeting, tax administration, internal auditing, liaison with external auditors or government agencies, or full audit functions in public practice as defined under the resolution.
Applicants must have completed at least 60 CPE credit units over the past three years including specified units in Philippine Financial Reporting Standards, Auditing Standards, taxation, professional ethics, and relevant laws, with a minimum of 15 units earned in each year prior to renewal.
Applicants must file a duly accomplished application with required documents to the Board of Accountancy, which authenticates and recommends approval to the PRC that issues the Certificate of Accreditation within 60 days.
The Certificate of Accreditation is valid for three years and is renewable every three years unless revoked, cancelled, or withdrawn.
Violators are subject to penalties as provided under the Accountancy Act of 2004, its Implementing Rules and Regulations, and PRC rules and regulations, which may include fines, suspension, or revocation of accreditation or professional license.
Full-time or tenured teachers not meeting requirements may be issued a Provisional Accreditation valid for up to three years, non-renewable, and the requirements also apply to new or returning teachers after five years of not teaching.