Published: 6 August 2021
Commission on Audit (COA) Commissioner Roland C. Pondoc was inducted and conferred as an “ASEAN Chartered Professional Accountant” at a formal ceremony on 31 July 2021 during the 2nd ASEAN Chartered Public Accountant Conference virtually held in Cebu City.
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Commissioner Pondoc, also a lawyer, is one of 96 Filipino CPAs who joined the ranks of ASEAN Chartered Professional Accountants. The members took their oath before Professional Regulatory Commission (PRC) Chairman Teofilo S. Pilando, Jr. The new members will be issued an ASEAN PRC identification card and certificate.
Under mutual recognition agreements signed by all ten ASEAN member states, ASEAN Chartered Professional Accountants are legally allowed to provide accountancy services in ASEAN markets without having to undergo extensive re-training or re-qualification procedures.
Mr. Rosanno Luga, president of the Davao City chapter of the Philippine Institute of Certified Public Accountants (PICPA), said that there are about 5,300 ASEAN professional accountants to date including the newly conferred Filipino ASEAN CPAs, three of whom are past presidents of the PICPA Davao Chapter and are now holding important positions in the government. They are Commissioner Pondoc, Energy Regulatory Commission Commissioner Marko Romeo L. Fuentes, and Professional Regulatory Board of Accountancy (PRBOA) Vice-Chairperson Thelma S. Ciudadano.
The conferment was held on the second day of the 2nd ASEAN CPA Conference hosted by the PRBOA and PICPA from 30-31 July 2021. With the theme “Forging Alliances. Strengthening Links,” the Conference gathered a vast number of CPAs from all over the ASEAN region to better facilitate mobility of accounting professionals across the ASEAN and promote adoption of best practices and standards.