Accounting Standards Reviewer

This government body in charge of regulating and licensing the practice of a profession like accounting.

It is under the jurisdiction of the PRC and is tasked to set up and promulgate a set of profesional standards and ethics in the practice of the accounting profession.

The Republic Act that regulated the practice of accounting by creating the Board of Accountancy on March 17, 1978.

This was established in 1929 to represent the interest of the Filipino CPA's, regulate the accounting practice and the CPA Board Exams.

Accounting Standards Council (ASC) was created in 1981 and replaced by _____.

It is established on October 29, 1936 and has the authority to prescribe the financial reporting framework used by corporations in the Philippines.

___ regulates the operations of all banks and financing institutions tasked to promote and maintain peso stability.

___ exacts tax and license compliance from people and business entities earning income.

Because of the increase in global business and in cross-country financing, a private institution emerge in 1973 as a standard unifying body.

____ took over the International Accounting Standards Council and is currently tasked to formulate new standards for financial reporting and measurement.