Creation of Inter-Agency Task Force on Zero Hunger

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EXECUTIVE ORDER NO. 101: Creation of Inter-Agency Task Force on Zero Hunger

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Title Source: Supreme Court: CPA Exam Admission Guidelines 1994

Law: Prc Board Of Accountancy No. 04

Decision Date: Mar 15, 1994

The Board of Accountancy establishes that only graduates with a Bachelor of Science in Accountancy, as per DECS Order No. 5, s. 1990, will be eligible for the CPA Licensure Examination starting May 1994, phasing out previous Accounting major degrees.

Law Summary

Adoption of Bachelor of Science in Accountancy as Equivalent Degree

DECS Order No. 5, s. 1990 recognizes Bachelor of Science in Accountancy (BSA) as the only equivalent course for CPA exam admission.
This order was issued to phase out Accounting majors in Commerce and Business Administration courses.

Phase-Out Period for Accounting Major Programs

The Accounting major was to be gradually phased out starting school year 1990-1991.
By the end of 1993-1994, the Accounting major must be totally phased out.

Department of Justice Opinion on CPA Examination Admission

DOJ Opinion No. 42 (April 2, 1992) affirms the Board’s authority to deny CPA exam admission to candidates graduating after 1993-1994 without a BSA degree.
Candidates with Accounting major who took the CPA exam before full implementation may retake under same qualifying conditions.

Resolution on Applicant Eligibility for CPA Licensure Examinations

Effective May 1994 and thereafter, applicants admitted must either:
1. Hold a BSA degree under DECS Order No. 5, s. 1990.
2. Be graduates of Accounting major courses as of December 31, 1994.

Enforcement and Dissemination

The Resolution becomes effective 15 days after publication in the Official Gazette or general circulation newspaper.
It must be widely disseminated to universities, colleges, and all concerned for guidance and compliance.

END