The Board of Accountancy in collaboration with the Philippine Institute of Certified Public Accountants and other sectoral organizations celebrated the centenary of the accountancy profession in the country on March 17.
It is the culmination of the year-long celebration which was launched on March 17, 2022. Organizers adopted “Celebrating the Past, Transforming the Present, Shaping the Future” as theme of the centennial celebration.
Accountancy was recognized as a profession on March 17, 1923 when the Philippine Legislature enacted Act No. 3105, also known as the Accountancy Act of 1923. With the passage of the law, Filipinos were empowered to practice accountancy in the country, a profession that was once limited to foreign accountants. In 1967, the Accountancy Act of 1967 was passed. Under this legislation, only Filipinos and citizens of countries offering the same privileges to Filipinos can become Certified Public Accountants in the Philippines.
The current Board of Accountancy is chaired by Dr. Noe Quiñanola. Other members of the board are Samuel Padilla, Gloria Baysa, Thelma Ciudadano, Rosalinda Evangelista, Gervacio Piator and Maria Teresita Zuñiga-Dimaculangan.