RA 9298 new exam study guide solution

RA 9298 new exam study guide solution D - Mastery of a particular skill, acquired by training and education Adherence to a common code of values by an administrating body Acceptance of a duty society as a whole (usually in return for restrictions in use of a title or in granting of a qualification). D - The Philippine Accountancy Act of 2004 shall provide for and govern: a.The supervision, control,and regulation of the practice of accountancy in the Philippines. b.The standardization and regulation of accounting education. c.The examination for registration of certified public accountants. d.All of the above C - The document that contains the norm and principles governing the practice of the accountancy profession in the highest standards of ethical conduct a.RA 9298 b.Code of Ethics for CPAs in the Philippines c.IRR to RA 9298 d.PSA 220 on Quality Control D - The following statements relate to some of the provisions of RA 9298. Which is correct? a.Audit working papers are generally the property of the company whose financial statements were audited. b.After three (3) years, subject to certain conditions, the Board of Accountancy may order the reinstatement of a CPA whose certificate of registration has been revoked. c.The penal provision (Sec. 36) of RA 9298 applies only to the violation of any of the provisions of RA 9298 because its Implementing Rules and Regulations are unenforceable. d.It shall be the primary duty of thePRC and the BOA to effectively enforce the provisions of RA 9298. D - Which of the following organization has been recognized by the Commission on October 2, 1975 per Accreditation No. 15, As Accredited Professional Organization? a.Board of Accountancy (BOA)