BOA announces increase of CPD unit requirements, change to Competence Areas for CPAs

BOA increases CPD requirements for CPAs to 120 units within 3 years of compliance.

MANILA - In line with the latest Professional Regulation Commission (PRC) resolution on the new CPD Law, the Board of Accountancy (BOA) has announced the increase of CPD unit requirements for renewal of Professional ID Cards of Certified Public Accountants (CPA).

Professional Regulatory Board of Accountancy Resolution No. 358 series of 2016 resolves the increase of 120 units of Continuing Professional Development within a compliance period of three (3) years for all CPAs.

Implementation of CPD requirements will be done in the following phases:

Year of Renewal	Required number of CPD Units
2016	60
2017	80
2018	100
2019	120

The Board also changed the Thematic Areas of CPD activities to Competence Areas in order to align with the International Education Standards. The 3 major categories are the following: Technical Competence, Professional Skills and Professional Values, Ethics & Attitudes.

How to earn CPD units

1. Professional Track - Training offered by Accredited CPD Providers

Participant - Approved credit unit for the program
Resource Speaker - 3 credit units
Panelist - 2 credit units
Facilitator - 1 credit unit
CPD Monitor - Twice the number of approved credit units for the program
In-service Training/OJT - Maximum of 20 credit units for a 12-month period or a fraction thereof upon completion

2. Academic Track

Master's Degree or equivalent - 60 credit units
Doctorate Degree - 60 credit units upon Completion of Candidacy, plus 30 CU upon Completion of Degree
Bachelor of Laws - 30 CU upon completion, plus 30 upon passing of Bar
Professional Certifications - 10 CU
Foreign Language Certifications - 10 CU
Professional Chair - 15 CU per year
Internship/Specialty/Subspecialty - 10 CU per year
Fellowship Grant - 2 CU for participant, 4 CU for Resource Speaker, 5 CU for researcher
Post Graduate Diploma - Maximum of 30 CU for an 18-month period upon completion

3. Self Directed (Training offered by Non-accredited CPD Providers, Face-to-face or online) And/Or Lifelong Learning

Participant - Credit units for the Program as evaluated by CPD Council
Resource Speaker - 3 credit units
Panelist - 2 credit units
Facilitator - 1 credit unit
In-service Training/OJT - Maximum of 20 credit units for a 12-month period or a fraction thereof upon completion
Program/Module Training Dev't - 10 credit units for complete module
Technical Paper - 5 credit units
Article Published in Professional Journal - 10 Cu for Author, 2 CU for peer reviewer
Socio-Civic Activities - 3 credit units

4. Such other activities recommended by CPD Council and approved by BOA and PRC.

Here's the full text of BOA Resolution and CPD Matrix of Activities: