PROGRAM DESCRIPTION

The practice of accountancy is governed by both statutory laws and professional standards, including a specific Code of Ethics for Certified Public Accountants (CPAs). Philippine Accountancy Act of 2004 (Republic Act No. 9298), this law regulates the practice of accountancy in the Philippines. It establishes the Professional Regulation Commission (PRC) and the Board of Accountancy (BOA) as the regulatory bodies responsible for overseeing the profession. The Act outlines the qualifications for becoming a Certified Public Accountant (CPA), the licensure examination process, and the regulation of the practice of accountancy.

OBJECTIVES

The focus of this webinar on WEBINAR ON ACCOUNTANCY LAW AND CODE OF ETHICS OF CERTIFIED PUBLIC ACCOUNTANTS include:<br/><br/>1. Introduction to Accountancy Law and Ethics<br/>• Importance of ethics in the accounting profession<br/>• Overview of the Philippine Accountancy Act of 2004 (RA 9298) and its significance<br/>• Role of regulatory bodies such as the Professional Regulation Commission (PRC) and the Board of Accountancy (BOA)<br/>2. Key Provisions of the Philippine Accountancy Act (RA 9298)<br/>• Requirements for becoming a CPA<br/>• Functions and responsibilities of the PRC and BOA<br/>• Regulatory framework for the practice of accountancy in the Philippines<br/>3. Fundamental Principles of Ethics for CPAs<br/>• Overview of the Code of Ethics for CPAs in the Philippines<br/>• Explanation of key ethical principles such as integrity, objectivity, and professional competence<br/>• Application of ethical standards in accounting practice<br/>4. Ethical Dilemmas and Case Studies<br/>• Presentation of real-life scenarios involving ethical dilemmas faced by CPAs<br/>• Analysis of ethical considerations and decision-making processes<br/>• Discussion of best practices for resolving ethical conflicts<br/>5. Continuing Professional Development (CPD) Requirements<br/>• Importance of CPD for maintaining professional competence<br/>• Overview of CPD requirements for CPAs in the Philippines<br/>• Suggestions for fulfilling CPD obligations and available resources<br/>6. Regulation of Practice<br/>• Licensing and registration requirements for CPAs and accounting firms<br/>• Standards for professional conduct and practice<br/>• Regulatory oversight and enforcement mechanisms<br/>7. Emerging Issues and Trends<br/>• Discussion of current developments and challenges in the accounting profession<br/>• Impact of technological advancements, globalization, and regulatory changes<br/>• Strategies for staying updated and adapting to evolving trends<br/>8. Compliance and Enforcement<br/>• Consequences of non-compliance with accountancy laws and ethical standards<br/>• Disciplinary actions and penalties for violations<br/>• Importance of maintaining integrity and ethical behavior in the profession<br/>9. Q&A Session<br/>• Opportunity for participants to ask questions and seek clarification on any topics discussed<br/>• Engagement with participants to address specific concerns or areas of interest<br/><br/>Overall, the accountancy law and Code of Ethics for CPAs in the Philippines aim to maintain the integrity, professionalism, and ethical standards of the accounting profession, ensuring that CPAs uphold public trust and confidence in their work.<br/>

SCHEDULE

Date/s of Conduct	Venue	Attendance
APRIL 20, 2024	ONLINE PLATFORM (ZOOM)

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