Manila, March 26, 2015 – The Professional Regulation Commission (PRC) announces the extension of the period of Accreditation of Individual Certified Public Accountants (CPAs) and Partnerships/Firms. Resolution no. 41(d) series of 2015, issued by the Professional Regulatory Board of Accountancy on March 4, 2015, extends the period of accreditation of all individual CPAs and partnerships/firms engaged in public accountancy until April 30, 2015.

This provisional extension shall be indicated in all documents to be signed by members of the Board of Accountancy and issued by the PRC.

All individual CPAs and partnership/firms with pending applications for renewal of accreditation with the Commission and the Board must fully comply with all the requirements in order to be issued a Certification of Renewal of Accreditation. All individual CPAs and partnership/firms which were granted provisional accreditation pursuant to Resolution no. 41(d) shall be allowed to sign and certify financial statements until April 30, 2015. Subsequent approvals for renewed accreditation shall be made effective starting May 1, 2015.