Title
Rules on Accreditation of Accounting Teachers
Law
Prc Board Of Accountancy No. 88, S. Of 2008
Decision Date
Apr 15, 2008
The PRC Board of Accountancy establishes accreditation requirements for accounting teachers, mandating possession of a relevant master's degree, completion of education units, and three years of meaningful accounting experience to ensure high professional standards in teaching licensure subjects.
accreditation
accounting
continuing education

Legal basis and governing statutes

  • The rules are grounded on Republic Act No. 8981 (Professional Regulation Commission Modernization Act), which requires that only licensed professionals may teach licensure subjects and provides for triennial renewal of the Professional Identification Card.
  • The rules implement Republic Act No. 9298 (Accountancy Act of 2004), which treats teaching of specified subjects as practice of accountancy.
  • Republic Act No. 9298 also requires CPAs to undergo Continuing Professional Education (CPE).
  • The rules are issued under the authority of the PRC Board of Accountancy to prescribe measures for the enhancement of the profession and maintenance of high professional, ethical, and technical standards under Republic Act No. 8981 and under the Board’s specific authority under Republic Act No. 9298.

Coverage: who must be accredited

  • The accreditation policy applies to all CPAs involved in teaching accounting, auditing, management advisory services, finance, business law, taxation, and other technically related subjects.
  • Finance is defined for coverage purposes to include working capital management, investment policies, and sources of financing for long-term capital projects.
  • The policy covers CPAs teaching accounting at the primary, secondary, tertiary, and graduate levels, including CPA board review schools/centers that are school-based.
  • The accreditation requirements in Section II, Nos. 2 and 3 do not apply to CPAs already engaged in teaching as of the effectivity date of these rules.
  • Individual accounting teachers must register with the BOA and the PRC and must not commence teaching until a valid Certificate of Accreditation is issued.

Core requirements for accreditation

  • Accreditation requires possession of a relevant Master’s degree.
  • Any post-graduate degree program in business, accounting, taxation, law, education, and related fields earned from a graduate school duly recognized by CHED qualifies for this requirement (Section II, No. 1).
  • Accreditation also requires completion of twelve (12) units of relevant education subjects from CHED recognized schools (Section II, No. 2).
  • The twelve (12) units may be earned through undergraduate education programs or graduate degree programs of any HEI duly recognized by CHED, and may include subjects such as Test and Measurement/Statistical Concepts for Teachers, Classroom Management Concepts for Teachers, Curriculum Design Concepts for Teachers, Instructional Materials Preparation, and Teaching and Learning with Computer based Technologies (Section II, No. 2(a)).
  • The twelve (12) units may also be earned from in-service or in-house trainings offered by schools or training centers (Section II, No. 2(b)).
  • The twelve (12) units may be earned through a combination of in-service trainings and units earned in undergraduate or graduate education programs (Section II, No. 2(c)).
  • CPAs who have passed the Teachers Board Exams and are already licensed Professional Teachers are exempt from the twelve (12) units requirement (Section II, No. 2(d)).
  • Accreditation requires a total of three years of meaningful experience in actual accounting work in the Public Practice, Commerce and Industry, or Government sector (Section II, No. 3).
  • The three years experience is total or cumulative and not necessarily continuing (Section II, No. 3(a)).
  • Meaningful experience is satisfied through significant involvement in specified functions depending on sector (Section II, No. 3(b)):
    • Commerce and industry: includes significant involvement in general accounting, budgeting, tax administration, internal auditing, liaison with external auditors, or other related functions (Section II, No. 3(b)(i)).
    • Government: includes significant involvement in general accounting, budgeting, tax administration, internal auditing, liaison with the Commission on Audit, or other related functions (Section II, No. 3(b)(ii)).
    • Public practice: includes at least one year as audit assistant and at least two years as auditor in charge of audit engagement covering full audit functions of significant clients (Section II, No. 3(b)(iii)).
  • Accreditation requires proof that the CPA underwent CPE (Section II, No. 4).

CPE proof and required credits

  • CPE compliance is proven through a Certification of CPE units from accredited CPE providers issued by the Accredited Professional Organization, presently the Philippine Institute of Certified Public Accountants (PICPA) (Section II, No. 4(a)).
  • CPE compliance may also be proven by certificates of attendance or other proofs of meaningful participation in other CPE programs approved by the PRC/CPE Council, upon recommendation of the PICPA, for a minimum of sixty (60) CPE credit units earned for the past immediate three (3) years (Section II, No. 4(b)).
  • The minimum sixty (60) CPE credit units must include the following credit allocations (Section II, No. 4(b)):
    • Updates on Philippine Financial Reporting Standards (PFRS) including Interpretations thereof: 15 units
    • Updates on Philippine Standards on Auditing (PSA): 5 units
    • Updates on subject area of specialization: 10 units
    • Taxation: 4 units
    • Professional Ethics: 8 units
    • Updates on subject areas relevant to teacher education: 10 units
    • Relevant laws recently issued affecting business including recent SEC rulings and other areas as provided for in the IRR to R.A. 9298 Annex C: 8 units
  • At least fifteen (15) credit units must be earned in each year prior to renewal of accreditation (Section II, No. 4(b)).

Registration, authentication, and accreditation approval

  • Accounting teachers must register with the BOA and PRC and must not commence teaching until a valid Certificate of Accreditation is issued (Section III).
  • Accreditation applications must be filed in the form prescribed by the BOA in three (3) copies with the required metered documentary stamps (Section III, A, No. 1).
  • Accreditation applications must include the following information (Section III, A, No. 1(a)):
    • Name of the individual CPA
    • Telephone and/or facsimile numbers
    • E-mail address, if any
    • Complete home address
    • Name of the institution where the CPA is presently connected or the subjects the CPA intends to teach
  • For initial accreditation, the application must include a copy of a valid CPA Board Certificate (Section III, A, No. 1(b)).
  • For renewal, the application must include a photocopy of an expired Certificate of Accreditation of accounting teachers (Section III, A, No. 1(c)).
  • The application must include a photocopy of a valid PRC Identification Card (Section III, A, No. 1(d)).
  • The application must include a certified copy of the diploma/transcript of records of the relevant graduate degree program earned (Section III, A, No. 1(e)).
  • The application must include a certified copy of the transcript of records of the twelve (12) units of relevant education courses earned (Section III, A, No. 1(f)).
  • The application must include a certificate of CPE units earned (Section III, A, No. 1(g)).
  • The application must include a sworn statement that the CPA has at least three (3) years of meaningful experience in any of the areas defined in Section II, paragraph 3, with a detailed description of such work experience attached (Section III, A, No. 1(h)).
  • The application must include a valid NBI clearance (Section III, A, No. 1(i)).
  • The application must include payment of the prescribed accreditation fee in cash, postal money order, manager’s check, or bank draft payable to the Professional Regulation Commission (Section III, A, No. 1(j)).
  • Any change in matters enumerated under Section III, A must be reported in writing to the BOA, with a copy furnished to the Commission, within sixty (60) days from such change (Section III, A, No. 2).
  • The Education Sector of the accredited professional organization, presently the PICPA, may be deputized by the BOA to assist in processing accreditation applications (Section III, B).
  • The BOA must authenticate all applications received in proper form and, after passing upon the applications, must recommend approval or denial to the Commission not later than sixty (60) days after receipt of the application in proper form (Section III, C).
  • Upon favorable recommendation of the BOA, the Commission issues the Certificate of Accreditation to the applicant to teach accounting (Section III, D).

Renewal of accreditation period

  • A Certificate of Accreditation remains valid for three (3) years unless sooner revoked, cancelled, or withdrawn (Section IV).
  • Certificates of Accreditation are renewable every three (3) years (Section IV).

Penalties for violation

  • Any person who violates any provision of the resolution is subject to the penalties provided in the Accountancy Act of 2004, its Implementing Rules and Regulation (IRR), and the PRC rules and regulations (Section V).
  • The penalty clause applies upon conviction (Section V).

Provisional accreditation and transitions

  • Tenured/full time/full load faculty members who do not meet the requirements in Section II as of the effectivity date may be issued a Provisional Accreditation valid for not exceeding three (3) years, unless earlier withdrawn, revoked, or cancelled for cause by the Board of Accountancy (Section VI, No. 1).
  • Provisional Accreditation may be issued only once and is not renewable (Section VI, No. 1).
  • The provisional accreditation transition also applies to CPAs who want to join the teaching profession for the first time and to returning teachers who have not been teaching for the last five (5) years (Section VI, No. 2).
  • Copies of the resolution must be furnished to the PRC and CHED Regional Offices and to PICPA for dissemination to all concerned (Section VI).

Operational effect for the school year

  • The accreditation requirement takes effect June 2008 or in time for School Year 2008-2009 (Section VII).
  • Publication must occur not later than fifteen (15) days prior to the opening of classes for School Year 2008-2009 (Section VII).

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