ACCOUNTING TIMES

T H E O F F I C I A L P U B L I C A T I O N O F

P H I L I P P I N E I N S T I T U T E O F

C E R T I F I E D P U B L I C A C C O U N T A N T S

S E P T E M B E R 2020 | 1S T Q U A R T E R | I S S U E N O . 1 | V O L . 68

Filipino CPAs rising in solidarity amidst challenging times

G L A N C E

A T A

2 7

03 Annual Planning

03 Getting to know the

National President

04 Induction and Turnover

08 About the Cover

09 Accountancy Week

11 Membership Privilege Card

12 Across the Nation

20 Technical Briefs

22 The National Board

23  What's Next?

Our National President, Mr. Lope “Jun” Bato Jr. has been in the practice ofpublic accounting and taxation since he became a Certified PublicAccountant (CPA). In his almost 33 years of experience, he was able toobtain two global certifications: Certified Forensic Accountant (CrFA) andCertified Internal Control Auditor (CICA). While practicing his profession asa CPA under the banner of Quilab Cabilin Bato & Co., (QCB & Co.), CPAs,he concurrently led a rural bank based in Cagayan de Oro City for 15years from 1997 to 2012 as its President and CEO.

Many would have thought how our National President climbed the ladderto achieve his current distinction. He is proud of his roots as a"Siquijorian", who grew up in the beautiful island of Siquijor, known as theMystic Island of the Pacific. Later on, he moved to Mindanao and gainedhis college degree at Mindanao State University- Iligan Institute ofTechnology (MSU-IIT) and now Mr. Bato considers himself a full-blooded"Mindanawan". He later gained his Masters of Business Administrationdegree at Centro Escolar University and is now pursuing his doctoratedegree in Business Administration at La Consolacion University of thePhilippines.".

After passing the board exam, he joined SyCip Gorres Velayo & Co., (SGV& Co.) for five years. Together with two of his colleagues from SGV, theyorganized QCB & Co. CPAs, a regional audit firm based in Mindanao. In2016, he started his own firm known as Lope Laranjo Bato & Co., (LLB &Co.) CPAs together with five of his senior managers as founding partners.

While managing his own firm, he has been active also in differentprofessional organizations. He served PICPA in various capacities until hebecame the youngest Chapter President of PICPA Cagayan de Oro –Misamis Oriental Chapter in 1996 and National Vice-President for PublicPractice (PICPA National) in 2009. He is likewise very active with theAssociation of CPAs in Public Practice (ACPAPP) as the FoundingPresident of ACPAPP Northern Mindanao Chapter and as a member ofthe ACPAPP National Board for two terms. He was awarded as theOutstanding PICPA Member in 2006, Honorary Lifetime Member of PICPAin 2010, The Outstanding MSU-IIT Alumnus (TOMA) in the field of Bankingand Finance in 2009, and Most Outstanding Director of the Rotary of Clubof Cagayan de Oro (Mother Club) in 2003, among others.

Before becoming the National President for 2020-2021, he became part ofthe PICPA National Board in 2019-2020 as Regional Director representingNorthern Mindanao Region and serves as the Executive Vice-President ofPICPA at the same time.

With his significant years of experience in practicing the profession and hisinvaluable passion to serve the different professional organizations, thereis no doubt that there is a strong leader ahead for PICPA in leading FilipinoCPAs to rise in solidarity amidst the challenging times.

PICPA held its Annual Planning Conference (APC) through Zoom last June 22-26, 2020. The limitations brought by the Covid-19 pandemic did not stop theorganization especially the committee behind the APC in making the event asuccess. Kudos to the 2020-2021 APC committee composed of Ms. ConsueloCadelina, Committee Chair; Mr. Aphat Martinez, Co-chair; and members - Mr.Alejandro Palacio, Mr. Marvin Galang, Mr. Froilan Labausa, Mr. Danilo Navarro,Ms. Floredee Ordulio, Ms. Stephanie Tabella with the Liason Director, Mr. LopeBato. Jr. for their unwavering efforts to organize the event in a virtual set-up.APC is PICPA’s first event that used a digital dashboard where the resourcescould be accessed including registration, guidelines and collaterals. APC aimsto gear up the new set of leaders to plan for the year ahead.

PICPA, indeed, leveled up and showed its resilience as it immediately prepareditself to adapt into the new normal. This year’s week-long event, which was co-sponsored by Juantax, was attended by current and past directors, officers,council representatives, chairman, co-chairman, chapter officers, and membersof PICPA nationwide. “If you fail to plan, you plan to fail”, a well-known quote was highlighted by thenewly elected PICPA National President Lope “Jun” Bato Jr. in his speechduring the opening ceremony held on June 22, 2020. He further shared thatdespite limitations and barriers, the pandemic could not stop PICPA and itsleaders in working together in achieving the common goals and objectives. The event’s masters of ceremonies were Mr. Aphat Martinez, Co-chair APC,Mr. Alejandro Palacio, APC Secretary, Mr. Froilan S. Labausa, APC memberwho captivated the virtual crowd despite the gaps and challenges on the virtualset-up. Guest speaker for the opening ceremony who shared insights aboutleadership above expectations was no other than the famous wealth and lifecoach, Mr. Chinkee Tan. On the following days, PICPA chapters, regions,sectors and committees organized a private conference that tackled their plans,goals, and scorecards.

Continued on page 11

PICPA’S RISING TEAM HELD ITS ANNUALPLANNING CONFERENCE FOR FY 2020-2021

A C C C O U N T I N G T I M E S  |3

GETTING TO KNOWOUR NATIONALPRESIDENT: MR.LOPE "JUN" L.BATO JR.

JUST FOR LAUGHS

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Professional accountants and guests gathered virtuallyon July 3, 2020 afternoon to witness the induction of newset of officers for 2020-2021 and turnover of flag, gaveland mallet. Such anticipated annual event honors theefforts and accomplishments of the outgoing 2019-2020board of directors and officers under the leadership ofMs. Evelyn Corpuz, PICPA National President andwelcomes, at the same time, the 2020-2021 board ofdirectors and officers under the leadership of Mr. Lope“Jun” Bato Jr. with a positive note. This year’s virtualturnover demonstrated the solid foundation of PICPAleaders owing to the fact that the outgoing officerssurpassed the challenges of the 2nd quarter of the 2020i.e. battling with the barriers and issues faced by theprofession with this COVID-19 pandemic as well ascracking the walls brought by the limited movements andrestricted activities, relentlessly pursuing the plans andprojects to benefit the greater number of members andadopted communities. Likewise, the newly inductedofficers hold greater faith that they could continue toseek for hopes and victory by rising together in solidaritywith passion, dedication and resilience in fulfilling itsroles and responsibilities under the new normal. This wasunderscored during the inaugural address of Mr. Lope L.Bato Jr., 2020-2021 PICPA National President.

The important event was graced by honorablepersonalities: Senator Christopher Lawrence “Bong” Go,Secretary Karlo Alexei Nograles, Hon. Emilio Aquino ofSecurities and Exchange Commission, Hon. OrlandoRavanera of Properties Development Authority, Hon.Agnes Devanadera of Energy Regulatory Commission,Hon Michael Aguinaldo of Commission on Audit, Hon.Carlos “Sonny” Dominguez III of Department of Finance,Hon. Aurora Ignacio of Social Security Systems, Mr.Fermin A. Sta. Teresa Jr. of Home Development MutualFund and Commissioner Yolanda D. Reyes ofProfessional Regulatory Commission. The Board ofAccountancy actively joined the ceremony in thepresence of Hon. Noe G. Quiñanola, Chairman, and hismembers - Hon. Gloria T. Baysa, Hon. Arlyn Juanita S.Villanueva, Hon. Gervacio Piator, Hon. Marko Romeo L.Fuentes, and Hon. Thelma S. Ciudadano. Variouschairman and presidents from different private andbusiness organizations also showed their supportthrough their virtual presence on the said event.

President Rodrigo Duterte, as a keynote speaker, shareda recorded video to express his warm message to theorganization. He expressed his high hopes that the PICPAorganization will work with the government in attainingits goal in having a sound fiscal administration based onaccountability and transparency and to pursue inclusiveand sustainable development.

On the event proper, the PICPA officers in formal attirestook the oath of office in the virtual stage with Sec. KarloAlexei Nograles as the inducting officer. Formallytransferring the leadership, 2019-2020 NationalPresident Evelyn S. Corpuz virtually turned-over thePICPA flag and gavel and mallet to 2020-2021 NationalPresident Lope “Jun” L. Bato Jr. His acceptance of the flagand gavel and mallet signifies that newlyelected/appointed officers will lead the entiremembership towards the mission and vision of PICPA andin advancing the practice of accountancy profession.

The different chapters and regions celebrated also theformal induction and turnover ceremonies in variousways after the national event.

VirtualInductionandTurnoverCeremony

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 |4A C C C O U N T I N G T I M E S

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With high hopes to RISE above the Challenges amidst pandemic, PICPA

Pampanga Chapter continues to behold a momentous 55th Induction and

Turn-over Ceremonies, 1st General Membership Meeting and Leadership

Training on August 1, 2020 at Benigno Hall, Capitol Compound, Sto. Niño, City

of San Fernando, Pampanga.

A special permit to gather following health and safety protocols was requested

from the Incident Commander of IATF-EID of the City. With a tropical-industrial

theme, this event was a great success! The City Mayor of San Fernando Edwin

Santiago officially opened the ceremony by bidding everyone a warm welcome.

He was followed by the keynote speaker Hon. Noel F. Manakil, the President of

Clark Development Corporation who talked about recent developments in

Clark and the role of accountants in these trying times. A leadership training

entitled “Building Strong Organizational Leaders in the Time of Pandemic” was

facilitated by Mr. Daryl Malonzo, RPsy, RPm.

The induction ceremony continued. Ms. Riza Añasco, on her imminent stepping

down as Chapter President, delivered her Valedictory Address. She recognized

his co-officers, directors, advisers, chairs and co-chairs, and members who

extended unwavering services to her administration by giving Plaques of

Appreciation. The induction ceremony itself formally came on. PICPA Central

Luzon Senior Regional Director, Ms. Anna Lissa C. Chua-Dycaico, led the

oathtaking before Mr. Roloyd Gozun and 15 other new officers and directors.

Añasco then handed over the Gavel & Mallet, Flag, and the Leadership Symbol

of the chapter to Roloyd Gozun. Council of Advisers and Committees were also

inducted by PICPA CLR Junior Regional Director Belen C. Esteban. Newly

installed President Roloyd Gozun delivered his Inaugural Address and message

afterwards as the leader of the RISING TEAM. The event was concluded by a

closing remarks of EVP Marwin Manaloto.

In an unprecedented situation during this pandemic, PICPA is more hopeful with a success mindset in

achieving its goals and objectives. The stamina to do so has been reflected in the current year’s theme and

logo.

The world, in general, and the Philippines, in particular, are literally at a standstill because of this COVID-19

virus and people are actually in the midst of a battle between public health and commerce. Despite this

challenging time, PICPA braced itself to stand in solidarity to make the profession relevant to the country.

RISING, the 6-point agenda for FY 2020-2021, where R represents Recovery Programs; I represents In-

house Programs and Innovations; S represents Social Responsibility Programs; I represents International

Linkages; N represents New Programs; and G represents on-Going Programs and Governance, best

describes the optimism of PICPA as it overcomes the fears of uncertainties in the middle of trying times.

PICPA rises in solidarity as it helps the profession, which plays an important role in restoring the economic

downfall by working together with resilience and compassion.

The logo having six people in different colors holding together represents unity and mutual support

among CPAs in attaining the common goal, which is the RISING agenda. The solid yellow color and check

symbol reflects the high optimism of PICPA to rise up and face the challenges resiliently during these

trying times.

NATIONWIDE INDUCTION AND TURNOVER

PICPA Camsur had a good jumpstart for the year with its first ever virtual turnover and oathtaking ceremonies for the CAMSUR Chapter and

Bicol Regional Council held on July 8, 2020, with no less than the ever admirable PICPA National President, Mr. Lope L. Bato. Jr., as the

inducting officer.

It was not just an induction ceremony but, it was combined with a webinar entitled: “How to be an Effective PICPA Leader.” The resource

person was an equally admirable and truly a seasoned speaker, Dr. Estelita C. Aquirre. She speaks from the heart and mind!

During the turnover Ceremony, outgoing Pres. Riza P. Añasco turned-over the PICPA

Banner and gavel and mallet to Newly Inducted Pres. Roloyd Gozun which

symbolizes more than cloth and pole. It carries the chapter's aspirations and history

and considered as chapter's coat-of-arms.

ABOUT THE THEME AND LOGOFilipino CPAs RISING in Solidarity amidst Challenging Times

PAMPANGA

CAMARINES SUR

A C C C O U N T I N G T I M E S  |5

PICPA Northern Mindanao Region overcame the setbacks of the

pandemic and went on to hold a successful two-in-one event in the

afternoon of July 18, 2020 with the Leadership Training Webinar and the

Virtual Joint Chapters Induction.

There were more than a hundred participants, mostly the Chapter

Presidents and their officers who were inculcated with PICPA

Knowledge like its Organizational Structure and the Duties and

Responsibilities of the officers and Board of Directors by GARCA Chair

Ray Talimio, Jr.; and Scorecards and Deadlines by RSR for Education,

Eleno O. Buray, Jr. To spice up the program even more, Parliamentary

Procedures in Conducting Meetings by Parliamentarian Herbert Glenn P.

Reyes was included, as well as the much-appreciated topic on "How to

Maximize Use of the Zoom for Meetings" by ICT Past National President

Stephanie Rosalind P. Caragos.

Immediately after the Leadership Training Webinar, the Virtual Joint

Chapters Induction followed. National President Lope L. Bato, Jr. gave an

inspiring message after which came the Induction Proper. Past National

President Pio Baconga gave a strong charging of officers before they

were Inducted into office by Pres. Jun.

Past National President Josefe C. Sorrera-Ty introduced the Guest

Speaker for the event, the Hon. Noe G. Quiñanola, Chairman of the

Professional Regulatory Board of Accountancy.

Cabanatuan City Chapter joined the PICPA Central Luzon Turn-over

Ceremonies last July 18, 2020. The event was officially opened by the

incoming Senior Regional Director Ms. Anna Lisa Chua-Dycaico as she

delivered her welcome remarks. Mr. Dante R. Torres, the outgoing Senior

Regional Director successfully delivered his valedictory address. PICPA

National President Mr. Lope L. Bato Jr. congratulated all outgoing officers and

encouraged all incoming officers to support the six RISING agenda for this

year’s federation.

Chairman of the Board of Accountancy Hon. Noe G. Quiṅanola served as the

keynote speaker. He recognized the virtual accounting and taxation tutorial

conducted by the Cabanatuan City Chapter last July 12, 2020 as part of its

Accountancy Week Celebration.

The said event recognized the leadership of Mr. Kevin Roy P. Corpuz, outgoing

Chapter President, who was one of the Outstanding Chapter President of

PICPA, and Ms. Emerita J. Modesto as the outgoing Regional Sectoral

Representative in Education.

By: Michael Bryan I. Jordan, Chapter Secretary, FY 2020-2021

On July 12, 2020, Occidental Mindoro Chapter held its induction of officers for 2020-2021 at Divine Word College of San Jose. The event was graced by

distinguished guests from the province and across provinces, the first-ever blended induction through physical and virtual presence. Despite their busy

schedules, Local Government Officials spared time and accepted the invitation. Under the new normal, the Chapter was able to make another history,

which was conducting induction ceremony with public officials. Governor Eduardo B. Gadiano was the Guest of Honor and the keynote speaker was

Congresswoman Josephine R. Sato. Board Member Aniceta Diana C. Apigo, CPA served as an inducting officer. Aside from top province public officials, the

induction ceremony was witnessed by Vice-Governor and Board Members from the two legislative districts of Occidental Mindoro

PICPA Chapter Presidents as well as the Regional Officers from the Southern Tagalog Region were virtually present to celebrate with and witness the

induction ceremony. Knowing that the local chapter of Occidental Mindoro was inactive for so many years, it was a challenge for the newly elected officers

to revive the institute in the area.

NATIONWIDE INDUCTION AND TURNOVER

NORTHERN MINDANAO REGION CABANATUAN

A C C C O U N T I N G T I M E S  |6

OCCIDENTAL MINDORO

PICPA Rizal Chapter held its 14th Turn Over and Induction Ceremony in an unusual way on July 19, 2020. Because of the COVID-19 and social distancing protocol,

Rizal Chapter and almost all the PICPA Chapters held the said ceremony through virtual platform. It was celebrated with the presence of PICPA National President,

Lope “Jun” L. Bato, Jr. as key guest speaker. Inspirational messages were also delivered by Dr. Rodolfo S. San Felipe, the Founder of Rizal Chapter; Mr. Rolando S.

Leyble, PICPA National Committee Member on Building and Grounds Facilities; and Ms. Betty B. Esplana, PICPA Southern Tagalog Senior Regional Director.

It was followed by valedictory address of Ms. Remigia E. Pantoja, the immediate past president, and inaugural message of Dr. Enrique C. Pinos, the incumbent

president. Turning over the bell and gavel was also performed. Also, Ms. Remigia E. Pantoja has been awarded as one of the Outstanding Chapter President by the

PICPA National Office.

The ceremony was heart-warming and very exciting. There was even a red-carpet ceremony virtually proclaimed the best dressed officer. It was filled with joy and

laughter with officers as one, sang and danced together.

NATIONWIDE INDUCTION AND TURNOVER

RIZAL

On August 7, 2020, back-to-back with the Leadership

Training/General Membership Meeting, the PICPA IRRI-UPLB

Chapter followed the membership meeting with the Turnover

Ceremony and Induction of New Officers for FY 2020-2021 with the

National President Lope Bato as the keynote speaker and

inducting officer, in the presence of the Sr. Regional Director for

the STAR, Ms. Betty Esplana, as well as the Jr. Regional Director, Ms

Norine Recio, who introduced the keynote speaker. The

incumbent officers of the PICPA IRRI-UPLB Chapter are led by its

President, Ms. Margie D Oficial, with support from the Chapter

Adviser, Ms. Edna Barrera.

IRRI-UPLB

Due to COVID 19, the Induction and Turn-over Ceremonies were held virtually through

zoom. An inspirational message was delivered by the Senior Regional Director Betty B.

Esplana and followed by the timely and relevant messages shared by Hon. Hermilando I.

Mandanas, Batangas Governor who graced the occasion as the guest speaker. Governor

Mandanas is an Honorary Lifetime Member of the organization. A true PICPAn by heart, he

encouraged all the members to inspire others. Officers took their oath of office before the

keynote speaker, PICPA National President Lope L. Bato, Jr.

Valedictory Address was delivered by Outgoing Chapter President Ms. Jenely Dimatatac

who appreciated all the former officers and members for their unwavering support during

her term.

BATANGAS

A C C C O U N T I N G T I M E S  |7

In the inaugural address

of incoming President

Ms. Juanita Magbanua,

she hoped and prayed

that this pandemic

would end the soonest.

She challenged herself

and the Batangas

Chapter: “Ask not, what

PICPA can do for us, but

what we can do for our

PICPA”.

World-renowned artist, Anton Mahilum, bequeathsPICPA with his masterpiece – a painting showingPICPA Building along Shaw Boulevard. Thepainting will be used as the official design for the2020-2021 Membership Privilege Card.

On July 29, 2020, a simple unveiling ceremonywas held at the PICPA Building. PICPA NationalPresident Lope L. Bato, Jr. expressed his sinceregratitude to Mr. Mahilum for this gift of art and forsupporting the PICPA Membership PrivilegeProgram. In his speech, Mr. Mahilum cited that thepainting was his way of giving back to PICPA andits members who have supported his journey inthe art scene.

Also present in the event were Jill Santos, VP forOperations; Tess Dimaculangan, Treasurer andMetro Manila GAO Chair; Liezl Dycaico, Secretaryand Central Luzon Senior Regional Director;Minette Ame, Membership DevelopmentCommittee Chair, and Lolit Tang, Media RelationsCommittee Chair.

ANTONMAHILUMPAINTING

G I V I N G B A C K :

A C C O U N T I N G T I M E S | 8I N T H E S P O T L I G H T

The event kicked off on July 12 with an online mass officiated by Fr. Michael Joe B.

Zerrudo at the Most Holy Redeemer Church. During the mass, PICPA National President

Lope “Jun” Bato Jr. virtually expressed his gratitude to Fr. Zerrudo for officiating the holy

mass and encouraged the viewers to participate in all upcoming online activities. The

mass was attended by around 2,400 participants via live coverage at PICPA Facebook

page.

During the ceremony, the 2020-2021 PICPA National President, Lope “Jun” Bato Jr.,

shared in his speech a brief history of the accountancy week which has now been

celebrated for 54 years. He stated that it was in 1966 that President Ferdinand Marcos

issued Proclamation 19 declaring the accountancy week celebration and that it was in

2002 that President Gloria Arroyo issued Proclamation 218 designating the said

celebration to every 3rd week of July from what used to be 4th week of July. Mr. Jun Bato

further added that this year’s celebration of Accountancy Week marks as first in PICPA

history to be celebrated virtually.

The event’s guest speaker was Hon. Noe G. Quiñanola, Chairperson of Professional Regulatory Board of Accountancy. He noted few of the most

important initiatives for the profession. First, that the quest for quality continues and the implementation of quality assurance review for CPA’s in

public practice will be pursued. Second, the draft of the proposed amendments to the Accountancy Law is now in its final stages. Third, to help

promote efficiency on the conduct of examinations, PRC has started discussing about changing the mode of administering the licensure

examination into a computerized one. Fourth, learning shall continue and that CPD is a very important component to the implementation of

Philippines Qualification Framework or PQF. Lastly, in response to the adoption of the new BSA curriculum in 2018, revision of the syllabi on the

subjects covered in the CPA licensure examination is in progress and ready to be released in the next few days. He ended his message by

reminding everyone that the duty of guarding the strength

of the profession begins with each one of us.

With the accountants thriving in the new normal, the annual tradition of celebrating the Accountancy Week for this year was held online. The

celebration began from July 12 to 18, 2020 with the theme, “Filipino CPAs Rising Amidst Challenging Times”.

2020 ACCOUNTANCY WEEK CELEBRATION: THE NEW NORMAL

A C C C O U N T I N G T I M E S  |9

The event was also graced by Senator Sherwin T. Gatchalian, as a keynote speaker, who shared his insights about the accountancy profession in

the midst of these challenging times and the related reforms. Adopting digital solutions in all industries and sectors was highlighted in his

speech. He further emphasized the CPAs’ vital role in keeping businesses afloat and in turn, preserves employment.

The first day ended with Mr. Florenz Tugas, NACPAE President, delivering his closing remarks and a photo op of all the guests present in the

ceremony (upper right).

The rest of the week’s activities were hosted by each sector. Metro Manila Region hosted the afternoon event of the first official day. Their

activities included a webinar entitled “Financial Strategies in a Challenging Environment” by Mr. Jonathan L. Ravelas, VP & Chief Market Strategist

of BDO Unibank. It was followed by Hon. Jose Maria Clemente “Joey” S. Salcedas’s talk on Philippine Economy After Covid 19: The Role of the

CPAs. The last event for the day was a webinar on “Keeping the Family Values and Managing Relationships” by Ms. Maribel S. Dionisio, Ms. Aiza

Tabayoyong & Mr. Raf Dionisio.

The third day of the event was hosted by ACPAPP. Dr. Benjamin E. Diokno, BSP Governor, was the keynote speaker during the day’s opening

ceremonies. Their activities were webinars entitled “Focus Areas in an Evolving Audit Environment” by Ms. Sue Almond, a member of the

International Auditing and Assurance Standards Board, and “Challenges of the CEOs during the Pandemic” by Ms. Rosario S. Bernaldo, CEO &

Chairperson of R.S. Bernaldo & Associates.

ACPACI hosted the fourth day with a webinar by Mr. Alex Foong, Director of IMA Southeast Asia Operations on “Achieving Competitive

Advantage in the Digital Age, a Call for Action”. The afternoon’s event was a panel discussion on “How to Survive: Leading in Turbulent Times”.

GACPA Day followed with technical sessions on “CSC MC No. 10 Guidelines on Alternative Work Arrangement” and “System of Filing and Payment

of Taxes Under the New Normal” provided by Mr. Rodolfo B. Encajonado, GACPA Assistant Treasurer and Ms. Marivic A. Galban, Head Revenue

Executive Assistant of the Bureau of Internal Revenue (BIR), respectively. It was also a Virtual Cooperative Day with technical sessions on

“Cooperatives: Rising above the Pandemic” by Hon. Orlando R. Ravanera, Chairman of Cooperative Development Authority and “Tax Compliance

of Cooperatives Amid Covid 19” by Ms. Rhodora G. Icaranom, Managing Owner of RGI Accounting & Auditing and former BIR RDO.

The Friday of the week-long event was hosted by NACPAE with CHED and PRC BOA’s webinars on “Plans and Directions in the New Normal” by

Dr. Arnel Onesimo O. Uy, PhD, Chairman of CHED’s Technical Committee for Accountancy and by Hon. Noe Quiñanola, respectively. The CHED’s

event aimed to discuss relevant changes by CHED in light of Covid 19 pandemic with respect to the curriculum of the four Accountancy

programs. Meanwhile, the PRC BOA’s webinar aimed to discuss the relevant changes instituted with respect to supervision of the Bachelor of

Science in Accountancy program, guidelines on PRC BOA accreditation and renewal of PRC license and provided updates on CPALE with

respect to schedule, syllabi, and tables of specifications. Regulators Forum was held in the afternoon with panelists from Board of Accountancy,

Bureau of Internal Revenue, Securities and Exchange Commission, Bangko Sentral ng Pilipinas, National Privacy Commission and Insurance

Commission with a topic “How to Comply with Regulatory Requirements in the New Normal.”

Virtual closing ceremonies were held on July 18, the last day of the week-long event. The accountancy week celebration, which was spearheaded

by PICPA, in coordination with PRC BOA, ACPACI, ACPAPP, GACPA, NACPAE, Cooperative Development Committee and PICPA MMR & GAO,

highlighted the value and contribution of Filipino CPAs in nation-building. The activities all throughout the week supported the continuing

commitment to making the accountancy profession more relevant during the changing and challenging times. Despite few connectivity issues

during the week-long festivities, the online celebration of the 2020 accountancy week was still a success.

The event was made possible with the help of the dynamic 2020-2021 AWC committee composed of Mr. Aphat Martinez Jr., Chair; Ms. Consuelo

Cadelina, Co-Chair and their members – Mr. Alejandro Palacio, Secretary; Mr. Dexter Ortega; Mr. Marvin R. Galang; Ms. Floredee Adulio; Mr. Froilan

Labausa; Ms. Stephanie Tabella; Mr. Norlito Antonio; Mr. Dmitri Navarro; Mr. Gil Samson Garcia with Ms. Ma. Teresita Dimaculangan as the Liason

Director.

2020 ACCOUNTANCY WEEK CELEBRATION: THE NEW NORMAL

A C C C O U N T I N G T I M E S  |10

In line with the thrust of National PresidentLope Bato, Jr.,

the PICPA Membership Development Committee

headed by Committee Chair, Minette Ame and Liaison

Director, Jill Santos launched its Membership Privilege

Program (MPP). The MPP is conceptualized to entice the

PICPA members to stay active and participate in the

activities of the organization. In this program, all

members in good standing, including Honorary Life

Members and Sustaining Life Members, will be entitled

to a Membership Privilege Card (MPC), a privilege and

identification

card rolled into one.

With an MPC, a PICPA member will be entitled to various

privileges such as discounts and freebies from merchant

partners. The list of the participating merchant partners

will be posted in the PICPA website and Facebook page.

PICPA LAUNCHESMEMBERSHIP PRIVILEGEPROGRAM

A C C O U N T I N G T I M E S SEPTEMBER 2020 | 1ST QUARTER

BEHIND THE BY LINESBEHIND THE BY LINES

CHAIR ELIRIE S. ARANAS

CO - CHAIR MICHELLE A. RECTO

MEMBERS RAYMUND TALIMIO JR.

SARAH FE SHARON GABRIEL

LOVELY JOY AVISADO

JENNY ANN GREPO

BRENDA JANE SARDONCILLO

FRANCIS ALEXIS PENANO

MAICA ELLA DE LA TORRE

CONTRIBUTORS MINETTE ILAGAN - AME

CHAPTERS AND REGIONS

SECRETARIAT NARCY CAPANGPANGAN

BRYAN RIÑOZA

LIAISON OFFICER MELANIE ROSALIND TALIMIO

COUNTINUED FROM PAGE 3 ...ANNUALPLANNING CONFERENCEDuring this uncertain time, PICPA anchored its plans and actions for 2020-

2021 on the theme “Filipino CPAs RISING in Solidarity Amidst Challenging

Times” that best describes the resilient mindset of PICPA leaders in bracing

and embracing themselves to the “new normal”. PICPA’s 6-point agenda

pertains to Recovery Programs encompassing livelihood bridge and

webinars on skills training; In-house Programs covering the timely releases

of publication materials and full implementation of events bank with virtual

meeting platform; Social Responsibility Programs by collaborating with the

government and private group for financial accounting and tax advisory

(FATA) program, etc.; International Programs such as promoting

international certifications and assisting memorandum of agreements

(MOA) with NCPACA in US, Canada, and Middle East and assisting MICPA in

learning English in applying the profession and maintaining

chairmanship/membership in International Federation of Accountants

(IFAC); New programs such as ISO certification, active campaigns and past

president’s tribute and on-Going programs such as online voting, annual

national convention (ANC), cooperative summit, various conferences,

women summit, and NGO summit.

The last is definitely not the least! On the last day of the event, more fun and

sharing continued. The zoom virtual room got jam-packed with various

learning sessions with Atty. Arnold A. Apdua (Data Privacy Officer of PICPA)

as he shared insights about the data privacy act and Dr. Cesar C. Mansibang

(Former VP for Operations of PICPA) as he talked about the important

values of leaders to be different from the rest. The current year awards

criteria of PICPA was presented by GARCA Chair, Mr. Ray Talimio. Then, an

in-depth panel discussion about leadership motivated the crowd even more

with speakers and moderators from different chapters, regions and sectors.

The fun and enjoyment continued in the evening with games, raffles and

classic dance beats from Askendo band.

The RISING Team, as the 2020-2021 leaders call themselves, is set to embark

on a journey of uncertainties and limitations amidst the trying times.

However, there is no stopping or slowing down of leaders’ momentum as

long as there are concrete plans and programs ready for execution and

implementation.

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ICPA Cabanatuan City Chapter commenced its celebration for this year’s Accountancy

Week through a thanksgiving mass at San Lorenzo Ruiz Parish Church, Talavera, Nueva Ecija

celebrated by Fr. Carlos Padilla last July 12, 2020. Due to the Covid-19 pandemic and

community quarantine restrictions, other officers and members attended their respective

Sunday masses virtually at home.

Despite the continuous implementation of community quarantine nationwide due to the

pandemic, PICPA Cabanatuan City Chapter is unstoppable in offering services to the

accounting community especially to the aspiring colleagues in the profession – the

Accountancy students. The Chapter launched its first ever virtual tutorials last July 12, 2020,

open to all students who have accounting subjects. The sessions were participated by students

from different colleges and universities inside and outside the province of Nueva Ecija like Holy

Angel University in Pampanga, Pamantasan ng Lungsod ng Maynila in Manila, Polytechnic

University of the Philippines in Manila, University of San Carlos in Cebu, etc. Quizzes were also

administered wherein the winners received a scholarship grant from Premiere Professional

Development Center.

ICPA and JPIA had its successful launching of the Accountancy Week through its opening

program last July 12, 2020 via Zoom hosted by Ms. Grace Salvador and PICPA former President

Jeserio Lonon, Jr., graced by fellow PICPAns, JPIAns, incumbent chapter officers, other former

presidents of the local chapter, as well as distinguished guests. President-elect Raymond

Vasquez formally declared the opening of the Accountancy Week and Chapter President

Evangeline Capundag delivered her welcome remarks to start the ball rolling for the week-long

activity. Likewise, PICPA National President Jun Bato gave his warm message to everybody. After

which, the attendees grooved to the virtual zumba led by Ms. Christy Ann Lastimosa.

Likewise, exciting teasers of various entries from different contests coming from both student

and professional categories were shown. Some of these include the TikTok Challenge, Spoken

Word Poetry, and Short Video Competition. Throwback videos of AWC activities were shown to

hype up the celebration this year, even in the new normal.

he PICPA CAMSUR Chapter started the celebration on July 12,

2020 with a holy mass held at the Archdiocesan Shrine and Parish of

Saint Jude Thaddeus.

A free webinar on “Studying in the New Normal: The Accountancy Way”

was also held during the week-long celebration with Dr. Nora Elizabeth

F. Maniquiz as resource speaker. Her talk was truly attuned to the new

normal. The faculty members and accountancy students in Camarines

Sur were invited to attend.

P

ACROSS THE NATION

CABANATUAN

T

CAMARINES SUR

ACCOUNTANCY WEEK 2020

CAGAYAN DE ORO- MISAMIS ORIENTAL

P[Upper Left] he Chapter started its celebration with a thanksgiving

mass on July 12, 2020 officiated by Fr. Ramonito Torres.

[Upper right] PICPA’s Fitness: Zumba All-out Workout with PP/Zin

Ennalyn D. Limin

[Lower Left and Right] Accountancy Week Celebration Kick-off Program:

Unveiling of the official audio-visual presentations relevant to the fiscal

year’s theme, “Filipino CPAs Rising In Solidarity Amidst Challenging

Times” by PICPA Pampanga Chapter and the “Rise and Stand Still” of the

Junior Philippine Institute of Accountants.

T

PAMPANGA

ACCOUNTING TIMES  |12