The Philippine CPA Licensure Exam and its requirements

The Philippine CPA Board Exam and its Requirements

How to pass the Philippine CPA board exam? It’s easy as 1, 2,3 for someone who really is deserving. This hub contains the best tips to pass the CPA exam. You will pass it and you knew it from the start, if you didn’t then you never would… The Philippine CPA licensure exam is considered the most difficult board exam in the history of Philippine career professionalism, yup I’d like to say even harder and tougher than the bar exam. Lawyers’ exam may contain a little bit of accounting but the CPA board exam covers one part of Law which includes 60 to one hundred items of questions to pass. This means if you failed Law among the CPA exam subjects covered, you also failed the whole exam. So you wanna be a CPA lawyer huh? 

Before we dig deeper, bear in mind cpa-wanna-be that no one ever has passed the CPA licensure exam out of luck. So forget the eenie-meenie-minee-moe in shading the right answers from the multiple choices because the board of accountancy is so conservative of luck. Ha, ok, like I told you, it’s like playing Sudoku, if you know the rules, strategies and the main concept of accounting, you’ll definitely enjoy the shading part and you won’t need to wait for the official release of PRC’s CPA results because ninety percent of CPA passers are born than made. If the genes, the IQ and the love of accounting is in your blood, being a certified public accountant will definitely be in your fate.

Scope of CPA board exam:

The examination shall include but not limited to the following subjects:

1. Theory of accounts
2. Business law and taxation
3. Management services
4. Auditing theory
5. Auditing problems
6. Practical accounting problems I
7. Practical accounting problems II

Based on Sec. 16 of Philippine Accountancy Act of 2004, in order to pass the examination, an examinee must obtain a general average of seventy-five percent (75%), with no grades lower than sixty-five percent (65%) in any given subject.

CPA board exam requirements:

The requirements for taking the CPA licensure exam in the Philippines prescribed by the PRC (Professional Regulation Commission) and given by the Board of Accountancy are:

Applicants for CPA board examination shall establish to the satisfaction of the Board:

a. He/she is a Filipino citizen.
b. He/she is of good moral character.
c. He/she is a holder of the degree of Bachelor of Science in Accountancy conferred by a school, college, academy or institute duly recognized and/or accredited by the CHED or other authorized government offices.
d. The applicant has not been convicted of any criminal offense involving moral turpitude.