Philippine Institute of Certified Public Accountants (PICPA)

Head Office: PICPA Building, 700 Shaw Boulevard, Mandaluyong City, Metro Manila, Philippines
Tel. Nos.: 723-0691 to 93
Fax No.: 723-6305 and 726-9452
Date of Accreditation: October 2, 1975
Website: http://www.picpa.com.ph

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 profession.

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:

1. to promote and maintain high professional and ethical standards among accountants;
2. advance the Science of Accountancy; develop and improve accountancy education;
3. encourage cordial relations among accountants;
4. 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).

http://www.prc.gov.ph/portal_articles.asp?pid=34&sid=80&aid=2922