Continuing Professional Development Issuances and Guidelines Issued in 2016 to 2017




Here are the list of CPD issuances and guidelines that has been issued in 2016 to 2017
  • PRC Resolution 2016-990 – Amendment to the Revised Guidelines on CPD for All Registered and Licensed Professionals (effective August 6,2016)
  • Republic Act No. 10912 – The CPD Law of 2016 (Lapsed into Law on July 21, 2016; effective August 15,2016)
  • BOA Resolution 358-2016 – Increasing the minimum CPD units from 60 to 120 credit units over a 3-year compliance period and changing Thematic Areas to Competence Areas (effective January 22,2017)
  • PRC Resolution 2017-1032 – IRR of RA 10912, CPD Act of 2016(approved February 15,2017; effective March 15,2017)
  • BOA Resolution No.254-2017 Operational Guidelines in the implementation of the CPD Program
  • CPD Frequently Asked Questions (August 8, 2017)
  • PRC Memorandum Circular 10-2017 dated October 13, 2017-Guidelines and Procedures
ANNOUNCEMENT: The above listed issuance shall be covered in the forthcoming May 2018 CPA Licensure Examination, However, for the issuances listed below, which are the subject of most frequently asked questions when these will be covered in the CPA Licensure Examination, the Board of Accountancy confirms that the following will be covered only beginning on the October 2018 CPA Licensure Examination:
  • PFRS 9---Accounting for Financial Instruments
  • PFRS 15-Revenue from Contracts with Customers
  • Republic Act No. 10963---Tax Reform for Acceleration and Inclusion
 
FOR Clickable Links, please go to :  http://www.prc.gov.ph/news/?id=7793
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2018 PRC Examination Schedule







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RA 10963 TRAIN - Tax Reform for Acceleration and Inclusion Act

Republic of the Philippines
Congress of the Philippines
Metro Manila
Seventeenth Congress
Second Regular Session
Begun and held in Metro Manila, on Monday, the twenty-fourth day of July, two thousand seventeen.


AN ACT AMENDING SECTIONS 5, 6, 24, 25, 27, 31, 32, 33, 34, 51, 52, 56, 57, 58, 74, 79, 84, 86, 90, 91, 97, 99, 100, 101, 106, 107, 108, 109, 110, 112, 114, 116, 127, 128, 129, 145, 148, 149, 151, 155, 171, 174, 175, 177, 178, 179, 180, 181, 182, 183, 186, 188, 189, 190, 191, 192, 193, 194, 195, 196, 197, 232, 236, 237, 249, 254, 264, 269, AND 288; CREATING NEW SECTIONS 51-A, 148-A, 150-A, 150-B, 237-A, 264-A, 264-B, AND 265-A; AND REPEALING SECTIONS 35, 62, AND 89; ALL UNDER REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENU CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES
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