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Generally, to be a CPA one must meet certain education requirements, and pass
the CPA exam.
The CPA examination is prepared and graded twice each year. It is generally
recognized as an academic examination. It includes multiple-choice questions
in the following subjects namely, Theory of Accounts, Practical Accounting I,
Practical Accounting II, Auditing Theory, Auditing Problems, Management
Services, Business Law and Taxation.
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Refer to page 110 (Section 28 of the Philippine Accountancy Act of 2004) of the
textbook.
4.
Competencies include both what individual auditors know and what individual
auditors and audit teams do. Competencies are evidenced by auditors applying
their skills in the delivery of services to clients or supporting the delivery of
those services. These competencies categorized as High Opportunity
Competencies and Low Opportunity Competencies are as follows:
High Opportunity Competencies have a high likelihood of being building
blocks for selling or delivering new assurance services.
Analytical Skills
Business Knowledge
Communication Skills
Efficiency
Intellectual Capability
1-2
Model Building
People Development
Relationship Management
Technology
Verification
Administrative Capability
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Practice in Education/Academe
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12. This is brought about by the nature of accounting standards and the demand for
accounting-related information which have changed in several significant ways.
These changes include:
Expanded Accountability
D
C
B
B