Bill Type
Congress Name
Long Title
AN ACT REGULATING THE PRACTICE OF ACCOUNTANCY IN THE PHILIPPINES, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES, REPEALING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 692, OTHERWISE KNOWN AS THE REVISED ACCOUNTANCY LAW
Date filed
January 28, 2004
Scope
Urgent Bill
Yes
Legislative History
| House Bill/Resolution NO. House Bill No. 6678, 12th Congress of the Republic | |
| REPUBLIC ACT NO. RA09298 | |
| FULL TITLE : AN ACT REGULATING THE PRACTICE OF ACCOUNTANCY IN THE PHILIPPINES, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES, REPEALING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 692, OTHERWISE KNOWN AS THE REVISED ACCOUNTANCY LAW | |
| SHORT TITLE : 'Philippine Accountancy Act of 2001' | |
| ABSTRACT : "Philippine Accountancy Act of 2004". Accountancy play a very important role in nation building and development. The bill seeks to update the antiquated and irrelevant provisions of PD 692 to make the accounting profession at par with global trends and development. It defines and interprets the practice of accountancy in commerce and industry, education, public practice and government service. The powers and functions of the Professional Regulatory Board of Accountancy are enhanced and strengthened in the proposed law. | |
| PRINCIPAL AUTHOR/S : JALA, ELADIO "BOY" | |
| DATE FILED : 2004-01-28 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Andaya | 2. Abayon |
| 3. Nachura | 4. Chatto |
| 5. Ramiro | 6. Mitra |
| DATE CERTIFIED AS URGENT:2004-02-02 | |
| URGENT BILL? Yes | |
| DATE CERTIFIED AS URGENT:2004-02-02 | |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB02748 | |
| URGENT SENATE BILL? Yes | |
| DATE CERTIFIED AS URGENT HOUSE BILL: 2004-02-02 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 02055 | |
| SUBMITTED ON 2004-01-28 | |
| SUBMITTED BY: CIVIL SERVICE AND PROFESSIONAL REGULATION, APPROPRIATIONS | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: House Bill No. 5182, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2004-02-03 | |
| DATE INCLUDED IN OB: 2004-02-03 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2004-02-03 | |
| DATE APPROVED ON SECOND READING : 2004-02-03 | |
| REMARKS : The Body approved to insert the Explanatory Note of the Bill as the sponsorship remarks; approved the amendments as contained in the CR, if any. | |
| THIRD READING INFORMATION | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2004-02-03 | |
| HOUSE VOTES: YEAS:166 NAYS:0 ABSTAIN:.0 | |
| DATE TRANSMITTED TO THE SENATE: 2004-02-03 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2004-02-04 | |
| DATE HOUSE AGREED TO THE SENATE AMENDMENTS: 2004-02-07 | |
| REMARKS : The Body adopted SB02748 as an amendment to House Bill No. 6678, 12th Congress of the Republic. | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2004-04-15 | |
| DATE ACTED UPON BY THE PRESIDENT : 2004-05-13 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : A | |
| REPUBLIC ACT NO.: RA09298 | |
| ORIGIN : SENATE | |
| REPUBLIC ACT TITLE: AN ACT REGULATING THE PRACTICE OF ACCOUNTANCY IN THE PHILIPPINES, REPEALING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 692, OTHERWISE KNOWN AS THE REVISED ACCOUNTANCY LAW, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES |
Abstract
"Philippine Accountancy Act of 2004". Accountancy play a very important role in nation building and development. The bill seeks to update the antiquated and irrelevant provisions of PD 692 to make the accounting profession at par with global trends and development. It defines and interprets the practice of accountancy in commerce and industry, education, public practice and government service. The powers and functions of the Professional Regulatory Board of Accountancy are enhanced and strengthened in the proposed law.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.