Anyone know what a BOA is?

Anyone know what a BOA is?
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1 Answer

Answer :

answer:Google is powerful! http://www.boausa.com/
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The integrated national professional organization of Certified Public Accountants accredited by the BOA and the PRC per PRC accreditation No. 15 dated October 2, 1975. a. Philippine Institute of Certified Public Accountants (PICPA) b. Auditing and Assurance Standards Council (AASC) c. Financial Reporting Standards Council (FRSC) d. Education Technical Council (ETC)

Description : The integrated national professional organization of Certified Public Accountants accredited by the BOA and the PRC per PRC accreditation No. 15 dated October 2, 1975. a. Philippine Institute of Certified ... (AASC) c. Financial Reporting Standards Council (FRSC) d. Education Technical Council (ETC)

Last Answer : Philippine Institute of Certified Public Accountants (PICPA)

Individual CPAs, Firms or Partnerships of CPAs, including partners and staff members thereof shall register with the BOA and the PRC. If the accreditation of Velasco and Co., CPAs, was renewed on September 30, 2008, the next renewal must be on or before: a. September 30, 2010 b. September 30, 2011 c. December 31, 2010 d. December 31, 2011

Description : Individual CPAs, Firms or Partnerships of CPAs, including partners and staff members thereof shall register with the BOA and the PRC. If the accreditation of Velasco and Co., CPAs, was renewed on September 30, ... . September 30, 2010 b. September 30, 2011 c. December 31, 2010 d. December 31, 2011

Last Answer : September 30, 2011

The following are modifications made to the IFAC Code to consider Philippine regulatory requirements and circumstances, except a. The period for rotation of the lead engagement partner was changed from five to seven years. b. Advertising and solicitation by individual professional accountants in public practice were not permitted in the Philippines. c. Additional examples relating to anniversaries and websites wherein publicity is acceptable, as provided in boa resolution 19, series of 2000, were included. d. Payment and receipt of commissions were not permitted in the Philippines

Description : The following are modifications made to the IFAC Code to consider Philippine regulatory requirements and circumstances, except a. The period for rotation of the lead engagement partner was changed from ... , were included. d. Payment and receipt of commissions were not permitted in the Philippines

Last Answer : The period for rotation of the lead engagement partner was changed from five to seven years.

The primary duty to enforce the provisions of RA 9298 and its IRR rests with a. The PRC b. The BOA c. The AASC d. The PRC and BOA

Description : The primary duty to enforce the provisions of RA 9298 and its IRR rests with a. The PRC b. The BOA c. The AASC d. The PRC and BOA

Last Answer : The PRC and BOA

The BOA shall submit to the PRC the ratings obtained by each candidate within how many calendar days after the examination? a. 5 days b. 10 days c. 15 days d. 30 days

Description : The BOA shall submit to the PRC the ratings obtained by each candidate within how many calendar days after the examination? a. 5 days b. 10 days c. 15 days d. 30 days

Last Answer : 10 days

Which statement is incorrect regarding the term of office of the chairman and the members of the Board of Accountancy (BOA)? a. The Chairman and members of the Board shall hold office for a term of three years. b. A person may serve the BOA for not more than twelve years. c. A member of the BOA may continuously serve office for more than nine years. d. No person who has served two (2) successive complete terms shall be eligible for reappointment until the lapse of one (1) year

Description : Which statement is incorrect regarding the term of office of the chairman and the members of the Board of Accountancy (BOA)? a. The Chairman and members of the Board shall hold office for a term ... two (2) successive complete terms shall be eligible for reappointment until the lapse of one (1) year

Last Answer : A member of the BOA may continuously serve office for more than nine years.

A member of the BOA shall, at the time of his/her appointment, possess the following qualifications, excepta. Must be a natural-born citizen andresident of the Philippines.b. Must not be a director or officer of theAPO at the time of his/her appointment.c. Must be of good moral character andmust not have been convicted of crimesinvolving moral turpitude.d. Must be a duly registered CPA withmore than ten (10) years of workexperience in any scope of practiceof accountancy.

Description : A member of the BOA shall, at the time of his/her appointment, possess the following qualifications, except a. Must be a natural-born citizen and resident of the Philippines. b. Must not be a ... registered CPA with more than ten (10) years of work experience in any scope of practice of accountancy.

Last Answer : Must be a duly registered CPA with more than ten (10) years of work experience in any scope of practice of accountancy.

Which of the following is not one of the penalties that can be imposed by the BOA? a. Reprimand b. Fine or imprisonment c. Revocation of CPA certificate d. Suspension of CPA certificate

Description : Which of the following is not one of the penalties that can be imposed by the BOA? a. Reprimand b. Fine or imprisonment c. Revocation of CPA certificate d. Suspension of CPA certificate

Last Answer : Fine or imprisonment

A certificate under seal, bearing a registration number, issued to an individual, by the PRC, upon recommendation by the BOA, signifying that the individual has complied with all the legal and procedural requirements for such issuance: a. Certificate of accreditation b. Certificate of registration c. Certificate of quality review d. Certificate of identification

Description : A certificate under seal, bearing a registration number, issued to an individual, by the PRC, upon recommendation by the BOA, signifying that the individual has complied with all the ... accreditation b. Certificate of registration c. Certificate of quality review d. Certificate of identification

Last Answer : Certificate of registration

The Chairman and the members of the BOA shall be appointed by the: a. Commissioner of the SEC. b. President of the PICPA. c. President of the Republic of the Philippines. d. Retiring chairman of the Board of Accountancy.

Description : The Chairman and the members of the BOA shall be appointed by the: a. Commissioner of the SEC. b. President of the PICPA. c. President of the Republic of the Philippines. d. Retiring chairman of the Board of Accountancy.

Last Answer : President of the Republic of the Philippines.

Which of the following is not a ground for suspension or removal of members of BOA? a. Negligence in the performance of duties, or lack of professional competence. b. Intolerance of violations of the Philippine Accountancy Act. c. Final judgment of crimes involving moral turpitude. d. Rigging of the CPA licensure examination results.

Description : Which of the following is not a ground for suspension or removal of members of BOA? a. Negligence in the performance of duties, or lack of professional competence. b. Intolerance of ... . Final judgment of crimes involving moral turpitude. d. Rigging of the CPA licensure examination results.

Last Answer : Intolerance of violations of the Philippine Accountancy Act.

The death, or disability of an individual CPA and/or the dissolution and liquidation of a firm or partnership of CPAs shall be reported to the BOA not later than ___ days from the date of such death, dissolution or liquidation. a. 15 b. 30 c. 60 d. 90

Description : The death, or disability of an individual CPA and/or the dissolution and liquidation of a firm or partnership of CPAs shall be reported to the BOA not later than ___ days from the date of such death, dissolution or liquidation. a. 15 b. 30 c. 60 d. 90

Last Answer : 30

Which of the following does not have representations in the FRSC? a. PICPA b. BIR c. BOI d. BOA

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This body is created to assist the BOA in the attainment of the objective to continually upgrade accounting education in the Philippines, thus making Filipino CPAs globally competitive. a. PICPA CPE Council b. Education Technical Council c. Accounting Teachers' Conference d. Association of CPAs in Education

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Last Answer : Education Technical Council

The term of BOA vice-chairman is a. One year. b. Three years subject to renewal. c. At the discretion of BOA members. d. Same with the term of BOA chairman

Description : The term of BOA vice-chairman is a. One year. b. Three years subject to renewal. c. At the discretion of BOA members. d. Same with the term of BOA chairman

Last Answer : One year

The BOA vice-chairman shall be a. Appointed by the PRC b. Elected by BOA members c. Appointed by the President of the Philippines d. Appointed by the PRC upon recommendation by the PICPA

Description : The BOA vice-chairman shall be a. Appointed by the PRC b. Elected by BOA members c. Appointed by the President of the Philippines d. Appointed by the PRC upon recommendation by the PICPA

Last Answer : Elected by BOA members

Which of the following is the authoritative body designated to promulgate auditing standards? a. BOA b. PICPA c. FRSC d. AASC

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The bearing of lines OA and OB are 16° 10' and 332° 18', the value of the included angle BOA is (A) 316° 10' (B) 158° 28' (C) 348° 08' (D) 43° 52'

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