International Finance and Accounting Handbook

15 • 12

Country

Title of Auditor

Source of Authority

Licensing Procedures

Training

Asia and Pacific (Continued)Philippines

Certified Public Accountant

Revised Accountancy Law

The applicant must be a citi-

After graduation, graduates

(Presidential Decree No. 692)

zen of the Philippines or of a

can take the Board

and supervision of the

country granting reciprocal

Examination immediately.

Professional Regulation

privileges, 21 years of age, of

Commission through the

good moral character, and

Board of Accountancy

the holder of a B.S. Degree inCommerce or the equivalentfrom a recognized college oruniversity.

At present only

holders of Bachelor ofScience of Accountancy cantake the Board Examination.

Singapore

Certified Public Accountant,

The Accountants Act of 1987

Applicants must be 21 years

To qualify for registration,

Singapore (CPA)

and the Companies Act of

of age, of good character,

public accountants without

1994

and not engaged in an occu-

structured practical experi-

pation inconsistent with the

ence must have three years of

integrity of the Institute of

experience in a public ac-

Certified Public Accountants

countant’s office before

of Singapore (ICPAS). They

gaining membership in the

must have passed examina-

Institute or else five years of

tions in accountancy at the

experience in areas of

National University of

accounting, auditing, and

Singapore/Nanyang

taxation in a public accoun-

Technological University or

tant’s office, of which at least

its recognized equivalent or

two years are obtained after

be a member of a recognized

passing the qualifying

accounting association of

examination.

another country, with at leasttwo years of structured prac-tical experience in areas ofaccounting, auditing, andtaxation.