relation to the practice
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:5. Which statement is INCORRECT in
relation to the practice of public
accounting?*
A. Single practitioners for the practice of
O public accounting shall be registered CPA in
the Philippines.
B. Partners of partnership formed for the
O practice of public accounting shall be
registered CPAS in the Philippines.
C. The Securities and Exchange
Commission can register any corporation
organized for the practice of public
accounting
D. The Professional Regulation Commission
upon favorable recommendation of the
Board of Accountancy shall issue
O certificate of accreditation to CPAS in
public practice provided the registrant has
acquired a minimum of three years of
meaningful experience in public practice.
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