PRC moves CPA board exam to July 2014

The Professional Regulation Commission has moved the Certified Public Accountant board exam, originally scheduled in May, to July 2014.

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In an announcement posted Wednesday on its official website, the PRC explained that the postponement was made "due to vacancies in the membership of the Professional Regulatory Board of Accountancy which left only two active members of the seven-member board thereby rendering the Board short of the requirement for a quorum to validly perform its duties and functions, specifically in the formulation and extraction of test items, conduct of the examination proper and releasing of the results."

After new members of the Board assumed office, the body approved last Monday, June 9, its resolution rescheduling the CPA licensure exam.

It will be conducted on July 20, 21, 28 and 29, 2014 in the cities of Manila, Baguio, Cagayan De Oro, Cebu, Davao, Iloilo, Legazpi and Lucena, the PRC added.