Board of Accountancy (BOA) Resolution no.

59 Series of
2012, Clarification and amendments on the CPE and
Accreditation of CPAs
August 27, 2013
The Board of Accountancy (BOA) of the Professional
Regulations Commission (PRC) in the Philippines issued BOA
Resolution 59 series of 2012, to amend and clarify the
requirements of CPAs BOA accreditation particularly BOA
Resolution 24 series of 2007.
Under BOA Resolution 24
series of 2007, the CPA must earn at least 15 units per year in
any of the three years preceding the year of application of
accreditation. Under the new resolution, the required 60
credits of CPE may be earned by the CPA in any of the three
years preceding the year of application for accreditation.
Under Resolution 59 2012, the term Continuing
Professional Development (CPD) will be used in lieu of
Continuing Professional Education (CPE).
Under the new
Resolution, the 60 units of CPD required for accreditation of
CPAs shall be distributed among five thematic areas as
follows:
Thematic
CPD units required

Areas

Enabling laws, Rules and Regulations

6
Standards
24

Applicable

to

Professional

Practice

Ethical, Governance and Quality Practice

10
Environment of the Practice
10
Development
10

of

TOTAL CREDIT UNITS

the

Person

as

Professional
60

The above mentioned accreditation requirements shall be

adopted with respect to the CPD and accreditation not only of
CPAs in public accountancy but also of CPAs in accounting
education sector.
BOA Resolution 59 series of 2012 shall be effective on June 13,
2013