Updates on government accountancy issues February 2018
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- Emil Morton
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1 Updates on government accountancy issues February 2018
2 Outline Six Point Expanding Horizons Strategic Plan 95 th Anniversary Volunteer program Future is now Globalization developments Institutional changes PFM developments Magna Carta for Government Accountants Barangay accounting and reporting responsibilities Creation of the Office of the Accountant General CPD for government CPAs Governance and Ethics Internship in government accounting offices Strengthening the professional organization BoA publications Let your voice be heard I am Accountant
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4 Six point Expanding Horizons Strategic Plan Our game plan to exceed global standards More than 110 projects ongoing Be involved
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6 Designed by Joshua Tagayuna FB page: Accountancy95years Use: #PHaccountany95years
7 VOLUNTEERS ARE WELCOME TO APPLY Showcasing the Filipino Accountant - Conference and other learning special events - Writing of articles for special edition publications - Miss Diamond CPA Beauty and Personality Contest Marketing/publicity - Maintaining a dedicated Facebook and website - Publishing flyers and other materials -Most liked Logo Anniversary FB posting -Anniversary shirt design competition Arranging for the proclamation of Malacanang of 2018 as the 95th year of the accountancy profession Issuance of a Commemorative Stamp Roll out of the applications for ASEAN Chartered Professional Accountants Documenting the History of the Accountancy Profession and Accountancy Tid bits Accountancy Anniversary Jingle/Song competition Write up /recognition of prominent Accountancy graduates from schools Working for the approval of Accountancy Law amendments. Implementation of the eqar STAKEHOLDERS ARE ENCOURAGED TO USE THE DESIGN GRAPHIC AND JOIN THE CELEBRATION BY HOLDING ACTIVITIES
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10 BoA Volunteer Program Volunteer---95 th Anniversary Working Group Be aware of what is happening Communicate these to your colleagues
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12 The future is now Future trends of robotics, artificial intelligence, cloud hosting, technology tools and applications, data analytics, cyber security, sustainability and integrated reporting, Block chain, cryptocurrency, digitalization, XBRL reporting Previous learning must be updated Accountancy leaders should lead the revolution of change Change in mindset and skills set are required Do your share read and learn and be ready
13 Globalization developments ASEAN MRA and the mobile accountant is coming Bilateral MRAs soon to follow? Global accountancy bodies in our doorsteps Partnerships with ASEAN accountancy neighbors Assistance from global developmental partners forthcoming
14 ASEAN Mutual Recognition Arrangement for Accountancy Services ASEAN MRA signed November 2014 Objectives Facilitates mobility of accountants within ASEAN Enhances exchange of information or networking Promotes adoption of best practices on standards and qualifications Be reading to apply to become an ACPA
15 IFAC and the various boards
16 IFAC and IPSASB meets with Philippine government accountants #
17 IPSASB Consultation on Work plan The International Public Sector Accounting Standards Board (IPSASB ) has published a Consultation Document on its proposed Strategy and Work Plan for with focus on the following strategic objective: Strengthening Public Financial Management (PFM) globally through increasing adoption of accrual-based IPSAS. Delivered through two main areas of activity, both of which have a public interest focus: Developing IPSAS and other high-quality financial reporting guidance for the public sector; and Raising awareness of IPSAS and the benefits of accrual adoption.
18 Major structural changes on going Revisions in accountancy law Increasing the audit thresholds Reform of the accounting education and examination tracks
19 Revisions in accountancy law Revisions referred to Congress on August 2016 Over 20 proposals - Structural. Mandate of the Accountancy Regulatory Office and BoA. Practice of Accountancy. Accountancy Examination and Program Matters. Special Provisions. Penalties and Sanctions
20 Public Finance Management developments You are part of the PFM Framework
21 Magna Carta for Government Accountants SB 579 Hearing conducted by Committee on Civil Service, Government Reorganization and Professional Regulation chaired by Senator Antonio Trillianes last April 2017 Monitor the progress referred to TWG of the Senate Committee
22 Barangay accounting and reporting responsibility Provinces: 81 Cities: 144 Municipalities:1,490 Barangays: 42,029 NGA: 2,044 PHALGA initiative to clarify and rationalize More responsibility without corresponding support and resources Use of technology tools is a must
23 Creation of the Office of the General Accountant Growing importance and requirements of government accounting Office of the Accountant General To provide overall leadership in the area of government accounting and reporting Insulate LGU accountants from political pressures Global best practice Moving forward work with a legislator sponsor
24 LGC provisions on the Government CPA 1. Qualification of LGU Accountants Section 474 of RA 7160 or also known as "Local Government Code of 1991 provides that "No person shall be appointed accountant unless he is a citizen of the Philippines, a resident of the local government unit concerned, of good moral character, and a certified public accountant LGU Accountants and other Professionals to keep their PRC License updated Par. J of Rule VII - Responsibility of the Human Resource Management Officer/Personnel Officer of CSC Memorandum Circular No. 40, s or also known as "Omnibus Rules on Appointment and Other Personnel Actions" states that "HR Officer shall submit certified copies of licenses and ensure that the same are renewed.
25 CPD for government accountants New law and regulations Republic Act No PRC Resolution No BoA Resolution No PRC Resolution Gradual increase from 60 to 120 units Shift from thematic to competency framework Online CPD courses Monitors and quizzes Online monitoring of CPD units earned Government Training and HR offices can be accredited with PRC/BoA
26 Major Initiatives in the Governance, integrity and ethics Performance Governance System Integrity Initiative October batch: 258 Evolving code of ethics Responding to Non-compliance with Laws and Regulations NCR: 46.1% Oversight over the APO and sectoral organizations Run after Erring CPAs Accountability NOW
27 Learn about the forthcoming NOCLAR rules
28 Internship in government New accounting curriculum will require one full semester of dedicated internship Over 500 accounting schools throughout the country Can assist government accounting offices lacking resources, with a large backlog in work, etc
29 Strengthening of professional organization Advocacy of national and local issues Strengthen governance practices Follow rules Transparency PGS---What s next? BoA oversight Train the trainors for CPD courses Become an accredited CPD provider E-news updates of members Expanded directory of members Networking and job/interns matching Permanent secretariat/office Technical Help desk Big brother or alliance arrangements Assistance in transactions with regulatory offices Dissemination of information and projects Financial sustainability Participation in surveys and global initiatives Support to members More chapters and membership
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32 DOWNLOADABLE FROM
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34 To date, several surveys that have been released and/or are on going. These include the Sectoral surveys for CPAs in Academe ( AE ), Public Practice ( PP ), and Commerce and Industry ( CI ); Survey on Satisfaction services of PICPA; Survey on Access to Accountancy Website and Facebook sites; New CPA Tracker Surveys, and various Mini Surveys. The surveys links are indicated below as follows: (SURVEYS CLOSED ON JAN. 15, 2018 RESULTS TO BE RELEASED SOON) AE PP CI New CPA Tracker Survey and Survey on Satisfaction on PICPA - Survey on FB and website - MORE ONLINE SURVEYS TO FOLLOW
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37 For more information: July batch: October batch: NCR: 46.1% regulatory board of accountancy
38 An exciting and inspiring video July batch: 289 I am Accountant October batch: 258 View in YouTube at NCR: 46.1%
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