Board of Accountancy
Accredited Professional Organization (APO)
Philippine Institute of Certified Public Accountants (PICPA)
PICPA House, 700 Shaw Boulevard
Tel No. 723-5467 / 726-9456 / 723-0691 to 93 / 473-2908
Fax No. 723-6305 / 726-9452
Re-accredited: Res. No. 2008-448 dated May 19, 2008
On December 7, 1925, Act No. 3264 was enacted authorizing the Board of
Accountancy to issue certificate of Public Accountants (PA) to those who
have not qualified as CPAs under Act No. 3264. The certification gave the
CPAs and the PAs the same privileges and prerogatives in the practice of the
To distinguish the two, a group of eleven (11) Certified Public
Accountants, all illustrious pioneers of the accounting profession, founded
the Philippine Institute of Certified Public Accountants (PICPA), which opened
membership only to CPAs.
The objectives of the Institute are:
- to promote and maintain high professional
and ethical standards among accountants;
- advance the Science of Accountancy;
develop and improve accountancy education;
- encourage cordial relations
- and protect the Certificate of Certified Public Accountant
granted by the Republic of the Philippines.
In 1937, the Institute’s official journal, “The Philippine Accountant’s Journal,”
was first published.
Soon after the end of the Second World War, the Institute was incorporated
and renamed “The Philippine Institute of Accountants.” It was able to get
back its former members and attract a new fold of qualified CPAs. From then
on, its membership snowballed tremendously through the years.
The Institute greatly contributed to elevating and upgrading the accountancy
profession and education and vigorously pushed for enactment of several
legislative measures that ensured the high standards of the profession.
On October 2, 1973, the PICPA was accredited by the PRC as the bona fide
professional organization of CPAs, giving it the responsibility of initiating the
integration of all CPAs in the country. On January 6, 1989, PRC Commissioner
Julio B. Francia declared the completion of the integration of CPAs.
The PICPA is an active participant in the world’s major accounting bodies
such as the International Federation of Accountants (IFAC), International Accounting
Standards Committee (IASC), Confederation of Asian and Pacific
Accountants (CAPA), and the ASEAN Federation of Accountants (AFA).
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