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.