PRC announces rescheduling, postponement of 2014 CPA board exams

 
The Professional Regulation Commission (PRC) and the Professional Regulatory Board of Accountancy (BOA) announced Wednesday, April 16, that the licensure exams for certified public accountants (CPA) scheduled next month have been postponed indefinitely.
 
The PRC led by chairperson Teresita Manzala resolved to adopt the recommendation of the BOA by issuing PRC Resolution No. 2014-832 dated April 16, 2014 postponing and rescheduling the May 2014 licensure examinations until further notice due to vacancies in the BOA, which administers the tests.

The board only currently has two sitting members out of the six mandated by law. President Benigno Aquino III appoints members of the board.

The PRC said in its resolution:
 
"The board is short of the requirement for a quorum to validly transact official business, including the formulation and extraction of test items or questions, administration of the examination proper and releasing of results."

The PRC did not set a new date for the CPA board exams, which were supposed to take place on May 11, 12, 18 and 19.
 


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