‘More accountants needed in PH’

The Philippines is in need of more accountants, an official said, as the accounting profession marks its 100th anniversary in the country. 

There are around 200,000 certified public accountants registered in the country, according to Noe Quiñanola, chairman of the Professional Regulatory Board of Accountancy, but there is still a significant need for more CPAs.

According to him, accountants are one of the forces behind economic progress, and many organizations require additional accountants.

Many young Filipinos are drawn to work abroad, but Thelma Ciudadano, the chairperson of the Centenary Celebration, said she hoped they would stay because there are plenty of opportunities in the nation.

The "Accountancy Centennial Award of Excellence" was given to 100 seasoned accountants on the same day.

The Transportation Secretary Jaime Bautista, Felipe Medalla, the governor of the Bangko Sentral ng Philippines, Emilio Aquino, the former senator Manny Villar, Kim Henares, the former chief of the Bureau of Internal Revenue, and numerous other prominent businessmen, accountants, and former government officials were recognized.

The Board of Accounting was established by law in the Philippines in 1923, marking the discipline's official legal recognition.

Officials from the board stated that the profession has contributed to nation-building in 2023 and that more people are encouraged to enter it. Romeo Braceros Jr.