Law Summary
Accreditation Requirements
- Master's Degree Requirement: Must possess a relevant master's degree in business, accounting, taxation, law, education, or related fields recognized by CHED.
- Education Units Requirement: Completion of 12 units of education subjects from CHED-recognized schools or in-service/in-house trainings; exemption for licensed professional teachers.
- Experience Requirement: At least three years of meaningful accounting work experience in public practice, commerce and industry, or government sectors. Experience may be cumulative.
- Continuing Professional Education (CPE): Minimum 60 CPE credit units in the last three years covering various relevant topics including PFRS, PSA, specialization, taxation, ethics, teacher education, and business laws. Minimum of 15 units per year required.
Registration and Documentary Requirements
- Teachers must register with the Board of Accountancy (BOA) and the Professional Regulation Commission (PRC) and obtain a valid Certificate of Accreditation before teaching.
- Application must include personal details, valid CPA certificate, expired accreditation if renewal, PRC ID, diplomas, transcripts, CPE certificates, sworn statement of experience, NBI clearance, and payment of fees.
- Changes in registration information must be reported within 60 days.
- The Philippine Institute of Certified Public Accountants (PICPA) may assist in processing accreditation.
- BOA is responsible for validating and recommending approval or denial of applications within 60 days.
- PRC issues the Certificate of Accreditation upon BOA's favorable recommendation.
Renewal of Accreditation
- Accreditation is valid for three years.
- Renewal occurs every three years unless revoked, canceled, or withdrawn.
Penalties
- Violations of provisions subject the offender to penalties provided under the Accountancy Act of 2004, its Implementing Rules and Regulations, and PRC rules.
Transitory Provisions
- Tenured/full-time faculty not meeting requirements at the effectivity date may receive a one-time Provisional Accreditation valid for up to three years.
- Requirements apply to new CPAs entering teaching and those returning after a five-year absence.
Effectivity
- Accreditation rules effective from June 2008 for the school year 2008-2009.
- Publication required in the Official Gazette or widely circulated newspaper at least 15 days before school opening.