CPA is a person who has received from the Board a certificate of registration/professional license and issued a professional identification card or a valid temporary/special permit duly issued to him/her by Board of Accountancy and the PRC. Thus, qualifies the person to practice accountancy in the Philippines, and use the title Certified Public Accountant or CPA.

Board refers to the Professional Regulatory Board of Accountancy in the Philippines.

A licensure examination is required to be undergone by all applicants for registration for the practice of accountancy. The exam is to be given by the Board in such places and dates as the PRC may designate subject to compliance with the requirements prescribed by PRC in accordance with PRC Modernization Act of 2000.

Applicants for CPA board examination shall establish to the satisfaction of the Board:
a. He/she is a Filipino citizen.
b. He/she is of good moral character.
c. He/she is a holder of the degree of Bachelor of Science in Accountancy conferred by a school, college, academy or institute duly recognized and/or accredited by the CHED or other authorized government offices.
d. The applicant has not been convicted of any criminal offense involving moral turpitude.

Scope of CPA Board Examination

The examination shall include but not limited to the following subjects:
1. Theory of accounts
2. Business law and taxation
3. Management services
4. Auditing theory
5. Auditing problems
6. Practical accounting problems I
7. Practical accounting problems II

Based on Sec. 16 of Philippine Accountancy Act of 2004, in order to pass the examination, an examinee must obtain a general average of seventy-five percent (75%), with no grades lower than sixty-five percent (65%) in any given subject.

Oath of Profession

All successful examinees shall be required to take an oath of profession before any member of the Board Accountacy or before any government official authorized by PRC or any person authorized by law to administer oaths upon presentation of proof of his/her qualification, before entering their practice of accountancy.