Admission of Non-BSA Graduates to CPA Exams

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PRC BOARD OF ACCOUNTANCY NO. 64, S. of 2006: Admission of Non-BSA Graduates to CPA Exams

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Title Supreme Court: Admission of Non-BSA Graduates to CPA Exams

Law: Prc Board Of Accountancy No. 64, S. Of 2006

Decision Date: Sep 25, 2006

Graduates with a Bachelor’s Degree majoring in accounting or those without a Bachelor of Science in Accountancy are permitted to retake the CPA Board Licensure Examination, provided they had previously qualified and failed the exam before May 2006, subject to specific conditions.

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Transitional Provision Allowing Additional Candidates

Section 41, Art V of R.A. No. 9298 allows graduates with a Bachelor's Degree major in accounting to take the CPA exam within two years from the law’s effectivity.
This two-year period extended until May 2006 per Rule V of Resolution No. 71, Series of 2004.

Request From Certain Graduates

Graduates with a Bachelor’s Degree major in accounting or non-BS Accountancy holders who took and failed the CPA exam on or before May 2006 requested to retake the exam after May 2006.
The Board acknowledges their vested rights to take the exam again without requiring a BS Accountancy degree.

Legal Basis for the Board’s Authority

Section 9(o), Art. III of R.A. No. 9298 empowers the Board to exercise powers necessary or incidental to achieve the Act’s objectives.

Resolution on Admission Post-May 2006

The Board resolved to admit candidates with a Bachelor's Degree major in accounting or non-BS Accountancy who were qualified to take the CPA exams on or before May 2006 to the October 2006 and subsequent exams.
Candidates who fail two complete CPA Board exams must complete a refresher course under the Board's rules pursuant to R.A. No. 9298 and Resolution No. 71, Series of 2004.

Effectivity and Distribution of the Resolution

The resolution takes effect 15 days after publication in the Official Gazette or any newspaper of general circulation.
Copies of the resolution are forwarded to PRC Application Division, PRC Regional Offices, CHED, PICPA, and ACPAE for implementation and information.

END