Certified Public Accountants Board Exam
The Certified Public Accountants Board Exam, also known as the Certified Public Accountants Licensure Examination, is a board exam facilitated by the Board of Accountancy under the Professional Regulatory Commission to assess the competency of BS Accountancy graduates.
As per R.A. 1080, individuals who passed the board exam need not take the civil service exams to be eligible for the following positions:
- Financial Accounting & Reporting Staff
- Management Accounting Staff
- Tax Accounting Staff
- Internal Audit Staff
- Financial Analyst
- Budget Analyst
- Credit Analyst
- Revenue Officer
- Audit Examiner
- Financial Services Specialist
- Accounting Instructor
- Comptroller
- Senior Information Systems Auditor
- Senior Fraud Examiner
- Senior Forensic Auditor
- National Treasurer
- Commissioner
- Chief Financial Officer
Review Courses for Certified Public Accountants Board Exam
There are review courses that you can take to prepare for the board exam. The content of these review courses may vary depending on the review centers, but they’re mostly based on the examination scope released by the Professional Regulatory Commission which includes:
- Theory of Accounts
- Auditing Theory
- Management Services
- Practical Accounting Problems I
- Auditing Problems
- Practical Accounting Problems II
- Business Law and Taxation
TAKING THE EXAM
Licensure exams for BS Accountancy graduates are held twice a year. Below are the dates and testing centers for the 2012 Certified Public Accountants Licensure Exam:
DATE | DAY/s PLACE | DEADLINE OF FILING |
---|---|---|
May 13-14, 20-21 | Sun, Mon / Manila, Baguio, Cagayan de Oro, Cebu, Davao, Iloilo & Legazpi | April 23, 2012 |
October 6-7, 13-14 | Sat, Sun / Manila, Baguio, Cagayan de Oro, Cebu, Davao, Iloilo & Legazpi | September 17, 2012 |
NATIONAL PASSING RATE
The table below shows the number of board passers in the Certified Public Accountants Licensure Exam in the last 2 years:
EXAM | EXAM TAKERS | BOARD PASSERS | PASSING RATE |
---|---|---|---|
October 2011 | 8,525 | 4,066 | 47.69 % |
May 2011 | 5,259 | 2,130 | 40.50 % |
November 2010 (Special Exam for OFWs) | 96 | 35 | 36.45 % |
October 2010 | 8,216 | 3,973 | 48.35 % |
May 2010 | 4,772 | 1,886 | 39.52 % |