President's Report

September 24-28, 2020

To my fellow ACPACIans, fellow CPAs, colleagues, guests and friends – welcome to our ACPACI General Membership Meeting and a very pleasant afternoon to all.
 

Aside from Mr. Jose Mari Chan, let me be the one to greet you first a “Merry Christmas!”.  The months had passed so very quickly and sometimes quietly. The first “ber” month is almost over - and by next week, we’re already in the last quarter of 2020.  

Let me share with you the activities so far of our organization, ACPACI:

Strategic Planning Session – January 11

ACPACI Induction Ceremony – January 24
In the early part of this year, ACPACI Board Members and committee chairpersons had its Strategic Planning Session and ACPACI Induction Ceremony. 

PICPA PGS Meeting – January 7
In matters of our PICPA support and coordination, we had participated in the monthly meetings of the Performance Governance System (PGS) Committee discussions. PGS is a governance framework that utilizes a balanced scorecard as a tool to incorporate good governance and best practices in the profession.

1st National Summit of CPAs in Commerce & Industry – January 30

With PICPA Metro Manila Region and Geographical Area Office, we held our 1st National Summit of CPAs in Commerce & Industry at Century Park Manila.  We are also planning to have our 2nd National Summit of CPAs in Commence in Industry by January of next year and hope to see you again in this well anticipated summit.

Position Paper and Comments on Accountancy Law Amendments – February 7
Regarding the amendment of the Accountancy Law, ACPACI had submitted our comments and position paper on February 7 to the Board of Accountancy.

Joint Letter with Professional Organizations to DOF  for the Extension Filing Due Dates – March 12
Joint Letter with Professional Organizations to BIR for Submission Facilities on AITR  Attachments – May 7

During the early stages of the quarantine, together with PICPA, the Association of CPAs in Public Practice (ACPAPP), Tax Management Association of the Philippines (TMAP) and Bankers’ Association of the Philippines (BAP), we have forwarded to the Department of Finance our letter request for the on line and filing extension of various tax returns and documents due to the Community Quarantine wherein we received positive response in our request. 

 

Comments on AASC Exposure Draft A-001 – May 15
ACPACI also reviewed the Audit and Assurance Standards Council Exposure Draft A-001 with regard the Amendments on Regulations on Financial Audit of Banks and Non-Bank Financial Institutions.  We had submitted our comments on May 15.
 

Webinars – April 21 to May 15

In supporting the Professional Development  of our members, ACPACI partnered with PICPA Metro Manila Region in holding series of free Webinars to our fellow ACPACIans and CPAs.  Currently, ACPACI is planning to have at least two more Webinars before December, and I am looking forward for your support in these upcoming activities.

Institute of Management Accountants

ACPACI had collaborated with the Institute of Management Accountant (IMA) of Southeast Asia so that ACPACI members can obtain on-line certifications on the training programs of IMA. This is the best time that ACPACIans and fellow CPAs avail of the free access on certain programs of IMA.  

Shares Shoes Project:  Good for the Soles – February 9
Our Social Involvement program started February of this year when the officers of ACPACI and SM Foundation went to Nasugbu, Batangas to distribute shoes and school supplies to around 400 students of Looc Elementary School.  

SOASP Meeting – February 21 & Sept. 25

ACPACI continuously supporting the advocacy of Accounting education.  We are again in  collaboration for this year with PICPA, National Association of CPAs in Education (NACPAE) and Punongbayan & Araullo Grant Thornton Foundation for the annual Search for Outstanding Accounting Students of the Philippines (SOASP).  

PLM Scholars

ACPACI is also assisting Accountancy Students through the Pamantasan ng Lungsod ng Maynila Scholars Foundation.  We have 5 scholars as of the moment.

Food Assistance & PPEs
Through PICPA and in the names of our Accountancy Week speakers, we donated and shared packed foods to front liners of Philippine General Hospital.  With Philippine Association of Management Accountants and SM Foundation, ACPACI is also committed for the donation of PPEs to a chosen government hospital.

Induction of Nueva Ecija Chapter
On July18, we formally inducted the first officers and member of ACPACI Nueva Ecija Chapter lead by President Ronald Leabres.

Regulatory Updates
ACPACI had worked for the linking of the ACPACI FB Page and Website with Isla Lipana & Company PriceWaterhouse with regard to the timely regulatory updates such those issued by BIR, SEC, DOFs.  Our Regulatory and Special Project Committee is also working with a link later on with NavarroAmper & Co. Deloitte Philippines and Punongbayan & Araullo Grant Thornton.

We also prepared a short video/powerpoint presentation of our activities.

In Closing
The activities of our organization, ACPACI would not succeed without your unwavering support and assistance.  I am also grateful for the continued support of PICPA, PICPA Metro Manila Region and the professional sectors of the Association of CPAs in Public Practice, National Association of CPAs in Education and Government Association of CPAs, and our friends from both the private and government sectors.  

In behalf of ACPACI, I would like to extend my heartfelt thanks to all.  As what Dr. Jess Estanislao had vibrated in his earlier discussion on ethics and pandemic, “we are here not just for ourselves but for others”.  God bless to all of us, and maraming salamat po!