| Assessment of Competencies Required for CPAs towards Crafting a Competency Model |
| Author |
| Clieford T. Perez, Kim Nicole M. Reyes |
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| Abstract |
| Laws and regulations governing the accounting profession have been promulgated, among which are the competencies a professional accountant must possess and develop. This study aimed to assess the competencies of Certified Public Accountants (CPAs) in Batangas Province about the accreditation activities required by the PRC – Board of Accountancy. Using the descriptive type of research and with the aid of survey questionnaires, 203 respondents who are CPAs working in the four sectors of the profession, namely public practice, commerce, industry, government, and education, in Batangas Province, identified the competency areas that each of the sectors need to enhance based on their perception. The study revealed that the respondents, CPAs from public practice, commerce, industry, and the government, consider themselves competent in all areas of competence that are subjected to assessment. Also, the study revealed that CPAs from the public practice sector, commerce, and industry, and the government sector, when grouped by type of accreditation, have significantly differing perceptions regarding training in the different competency areas. When grouped according to age, the public practice and the commerce and industry sectors had significant differences in training competency areas. In contrast, no significant difference in perception was found between the government and education. The researchers proposed strategies to enhance their accounting research skills and involvement in CPA research. |
| Keywords |
| accounting, accreditation, board of accountancy, competency, continuing professional development, CPAs, Professional Regulation Commission |
| References |
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