Several academic staff of the UST-Alfredo M. Velayo College of Accountancy were appointed as members to the Professional Regulatory Board of Accountancy’s (PRBOA) Technical Working Group (TWG) on the Certified Public Accountants Licensure Examination (CPALE) Enhancement Project.
Dean Patricia M. Empleo, PhD was appointed as Chair of the TWG on Business Environment and Concepts, while Assistant Dean Francisco M. Caliwan, Jr., MSPA, and Assoc. Prof. Antonio J. Dayag, PhD were appointed as Members of the TWG on Financial Accounting and Reporting. Moreover, Asst. Prof. Enrico D. Tabag and Atty. Tristan L. Lopez were appointed as Members of TWG on Tax Compliance and Planning, while Inst. Francisco H. Villamin, Jr. DBA was appointed as Member of the TWG on Auditing and Attestation. The TWG members took their oath on December 18, 2023 at the PRC Office, Philippine International Convention Center.
The TWG is taked to revise the syllabi and table of specifications of the Philippine CPALE and align it with the examination given by the American Institute of Certified Public Accountants (AICPA). Currently, the AICPA examination is comprised of two modules called core and discipline. The core module contains three compulsory parts (courses), namely: Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR) and Regulation (REG). The disciple module contains three optional parts (courses), namely: Business Analysis and Reporting (BAR), Information Systems and Control (ISC) and Tax Compliance and Planning (TCP). Philippine examinees will take all six. The AICPA-based examination is set to be given starting the October 2028 CPALE.