Friday, February 5, 2016

Updates on the new rulings issued by PRC-BOA

Like what I said from my previous post, I had my license renewed last Friday, so that I can apply for an accreditation with the Board of Accountancy. Fortunately, there was an update regarding the rulings. The BOA decided to defer the requirements of having a BOA accredited CPA in preparing the financial statements for December 31, 2015.

Based from the recent updates, the new ruling shall no longer take effect this December 31, 2015, but instead it will start on the fiscal year, June 30, 2016.

O diba bongga? I'm sure there were lots of complaints and rants that came from CPAs. Hehehehehe!

Now I have time to complete the CPD units required to be accredited by BOA.

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