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AT - RA 9298 Red Sirug Page 2

The document contains multiple choice questions about the Board of Accountancy (BOA) based on RA 9298. 1) A sole practitioner can continue using a partnership name for an indefinite period after other partners withdraw. 2) One qualification for BOA members that is listed as an incorrect answer is being a director or officer of PICPA at the time of appointment. 3) The President of the Philippines can suspend or remove BOA members upon recommendation of the Commission, except the grounds does not include being sued for crimes involving moral turpitude.

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Paula Mae Dacanay
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234 views2 pages

AT - RA 9298 Red Sirug Page 2

The document contains multiple choice questions about the Board of Accountancy (BOA) based on RA 9298. 1) A sole practitioner can continue using a partnership name for an indefinite period after other partners withdraw. 2) One qualification for BOA members that is listed as an incorrect answer is being a director or officer of PICPA at the time of appointment. 3) The President of the Philippines can suspend or remove BOA members upon recommendation of the Commission, except the grounds does not include being sued for crimes involving moral turpitude.

Uploaded by

Paula Mae Dacanay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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22. Based on R.A.

9298, how many years can a partner  who survived the death or withdrawal of other 

AT – RA 9298 Red Sirug Page 2 

partner(s) continue to practice under the partnership  name after becoming a sole practitioner? 
a. 1 year 
b. 2 years 
c. 3 years 
d. Indefinite period of time 

23. Which of the following is not one of the qualifications  of the members of the Board of Accountancy? a.
He/She must not be a director or officer of  PICPA at the time of his appointment. 
b. He/She must be a natural-born citizen and a  resident of the Philippines. 
c. He/She must be a duly Certified Public  Accountant with at least ten years of  
experience in practice of public  
accountancy. 
d. He/She must not have any direct or indirect  pecuniary interest in any school, college,  
university, or institution offering a BS  
Accountancy course or institution conducting  review classes in preparation for the licensure 
examination at the time of his appointment to  the Board. 

24. Which of the following is not one of the qualifications  of the members of the Board of Accountancy? a.
Must be a natural-born CPA and a resident  of the Philippines. 
b. Must be a duly registered Certified Public  Accountant with at least ten years of experience  in practice
of accountancy.  
c. Must be of good moral character. 
d. Must not have been convicted of crimes involving  moral turpitude. 

25. No person shall serve the Professional Regulatory  Board of Accountancy for more than: 
a. 3 years 
b. 6 years 
c. 9 years 
d. 12 years 

26. The President of the Philippines, upon the  recommendation of the Commission, may suspend or  remove
any member of the Board of Accountancy.  Which of the following is not a valid ground for  suspension or
removal of members of the Board of  Accountancy? 
a. Neglect of duty or incompetence 
b. A member of the Board manipulated the CPA  licensure examination results. 
c. A member of the Board has been sued of  crimes involving moral turpitude. 
d. A member of the Board has violated RA 9298. 

27. Which statement is correct regarding the term of  office of the chairman and the members of the Board  of
Accountancy (BOA)? 
a. A person may serve in the Board of  Accountancy for eight consecutive years. b. No
person who has served three (3) successive  complete terms shall be eligible for  
reappointment until the lapse of one (1) year c. Appointment to fill up an unexpired term is to be 
considered a complete term. 
d. No person shall serve in the Board for more than  10 years. 

28. Which of the following is not one of the functions of  


the Board of Accountancy specifically provided under  the RA 9298? 
a. To monitor the conditions affecting the practice  of accountancy and adopt such measures  
deemed proper for the enhancement and  
maintenance of high professional, ethical,  
accounting and auditing standards. 
b. To make investigations as it deems necessary to  determine whether any person has violated any 
provisions of this law or any standards  
promulgated by the Board as part of the rules  governing the practice of accountancy 
c. To delegate its power and function to  determine and prepare test questions for  the CPA
licensure examination. 
d. To conduct an oversight into the quality of audits  of financial statements through a review of the 
quality control measures. 

29. Which is the least function of the Board of  Accountancy? 


a. To prepare, adopt, issue or amend syllabi at the  subjects for examinations in consultation with  the
academe. 
b. To investigate violations of the RA 9298 c. To prepare questions for the CPA licensure  examination
which shall strictly within the scope  of the syllabi of the subjects for examination. d. To supervise
PICPA. 

30. The following statements relate to the RA 9298.  Which statement is true? 
a. The Professional Regulation Commission has the  authority to remove any member of the Board of 
Accountancy for negligence, incompetence, or  any other just cause. 
b. No person shall be appointed as a member  of the Board of Accountancy unless he has 
been in the practice of accountancy for at  least 10 years, among others. 
c. Insanity is not a ground for proceeding against a  CPA. 
d. After three years, subject to certain conditions,  the Board of Accountancy may order the  
reinstatement of a CPA whose certificate of  
registration has been revoked. 

31. Which of the following is not a function of the Board  of Accountancy? 


a. To supervise the registration, licensure and  practice of accountancy in the Philippines 
b. To prescribe and/or adopt a code of ethics for  the practice of accountancy 
c. To issue, suspend, revoke, or reinstate the  certificate of registration for the practice of the 
accountancy profession 
d. To adopt an official seal of the  
Commission. 

32. The person authorized to remove a member of BOA  on valid grounds and after due process is: 
a. The Commissioner of the PRC. 
b. The Chairman of BOA, unless he is the one  under investigation. 
c. The President of the Philippines. 
d. Congress of the Philippines. 

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