The Board of Accountancy (BoA) recommended the postponement and rescheduling of the board exam due to the vacancies in the board leaving only two active members of the seven-member board therefore rendering the Board short of the requirement for a quorum to validly perform its duties and functions, specifically in the formulation and extraction of test items, conduct of the examination proper and releasing of the results.
PRC Resolution No. 832 series of 2014 sought to indefinitely postpone and reschedule the CPA board exam until the new members of the Board have been duly appointed and qualified.
PRC Chairperson Teresita Mananzala together with Jennifer Jardin-Manalili and Angeline T. Chua Chiaco, Commissioners signed the resolution last April 16.
Republic Act 9298, otherwise known as the “Philippine Accountancy Act of 2004”, provides that the attendance of four (4) members of the Board shall constitute a quorum to officially transact business.
The Board Resolution No. 832 (Series of 2014) - Resolution to Postpone the May 2014 Certified Public Accountants (CPA) Licensure Examination is available here.
PRC Board News will update this site once the official date of first CPA board exam this 2014 already announced by PRC.
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