CEAs'Renewal Requirements

MEMORANDUM CIRCULAR NO.
2009 – 03
GUIDELINES FOR THE ACCREDITATION OF COOPERATIVE EXTERNAL AUDITORS
CDA Board Resolution No. 203, S – 2009
September 14, 2009
Section 10. renewal of accreditation
 For Individual CPA
1. PRC ID
2. Individual’s current Certificate of Registration with the PRC/BOA
3. Current PTR issued by the local government
4. Certificate of Good Standing with his/her PICPA Chapter
5. Certificate of Training equivalent to 24 hours of training attended on coop

updates and issuances and other related courses provided by CDA/CDA accredited
institutions;
6. Expired Certificate of Accreditation by the CDA
7. List of coops audited
8. Sworn Statement of CEA re: Social Responsibility
9. Sworn Statement by the CEA that he has observed the conditions prescribed
under Sec. 5 of these guidelines.
Section 5. Conditions for Engagement of an CEA:
a. No EA may be engaged/qualified in the audit & any of its subsidiary if he/she or

any member of his/her immediate family had or has committed to acquire any direct or
indirect financial interest in the coop, or if his/her independence is considered impaired
under the circumstances specified in the Code of Professional Ethics for CPA. In the case
of partnership, this prohibition shall apply to the partners and the auditors in-charge of
the engagement
b. The EA and the members of the audit team do not have/shall not have
outstanding loans or any credit accommodations with the coop at the time of signing of
the engagement and during the engagement. In the case of partnership, this prohibition
shall apply to the partners and the auditor-in-charge of the engagement
c. The EA must not be currently engaged nor was engaged during the past 3 years
in providing the following services to the coop
a. Internal audit functions
b. Information systems design, implementation, and assessment; &
c. Such other services, w/c could affect independence as may be

determined by CDA
d. Adherence to the highest professional, ethical and technical standard, such as

the PAS, PFRS, and PSA
e. For the immediate past 3 years, must not have held the following position to the
coop being audited: CEO, Chief Financial officer, Comptroller, Accountant, Bookkeeper,
Audit Committee, etc.
f. For the immediate past 3 years, should not have been an

officer/member/employee of federation/union of which the coop being audited is
affiliated
g. Should not be related up to the 4th degree of consanguinity or affinity of the

cooperative being audited or to be audited
h. Prohibition on auditing for not more than 5 consecutive years
 For partnership/firm
1. SEC Registration
2. Partnership’s Current Certificate of Registration with the BOA
3. Business Permit/Municipal License
4. In case such partner referred to in Section 2.A.2.iv decides to leave the said
partnership, another partner associated with it shall file comply with Section 2.A.2.iv
5. Certificate of Training equivalent to 24 hours of training attended on coop

updates and issuances and other related courses provided by CDA/CDA accredited
institutions;
6. Expired Certificate of Accreditation by the CDA
7. List of coops audited

8. Sworn Statement of that CEA has engaged in at least one activity for
cooperatives that is free of charge (e.g. installation of books of accounts,
consultancy, etc.): as part of his/her Social Responsibility
9. Sworn Statement by the CEA that he has observed the conditions prescribed
under Sec. 5 of these guidelines
Section 8. Accreditation fees
INITIAL RENEW RE-

FILING AL FEE APPLICATI
FEE ON FEE
For
P2,000.0 P1,000. P2,000.00
Individual
CPA 0 00
For
P5,000.0 P3,000. P5,000.00
Partnership
or Firm 0 00
Note: Kindly accomplish it in four (4) copies:
1. CDA Central Office – 2 copies

2. CDA Regional Office – 1 copy
3. Applicant’s File – 1 copy
Please specify the name of cooperatives and nature/types of social responsibility provided
MERCY J. GABASA
Chief, CRITS , CDA
MEMORANDUM CIRCULAR NO. 2009 – 03

GUIDELINES FOR THE ACCREDITATION OF COOPERATIVE EXTERNAL AUDITORS
CDA Board Resolution No. 203, S – 2009
September 14, 2009
Application Requirements
1. For Individual CPA
a. Application Form
b. Professional Regulation Commission Identification Card (PRC-ID);
c. Certificate of Registration with BOA/PRC
d. Current Professional Tax Receipt (PTR) issued by the Local

Government;
e. Certificate of Membership in Good Standing with the PICPA

Chapter
f. Certificate of Completion of Training
2. For Partnership/Auditing Firm
a. Application Form
b. SEC Registration
c. Partnership/s Current Certificate of Registration with the BOA;
d. Business Permit/Municipal License
e. Certificate of Membership in Good Standing with PICPA Chapter of

at least one (1) partner; and
f. Certification of at least partner complied with the training
Note: Kindly accomplish it in four (4) copies:
4. CDA Central Office – 2 copies

5. CDA Regional Office – 1 copy
6. Applicant’s File – 1 copy
MERCY J. GABASA
Chief, CRITS , CDA

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MEMORANDUM CIRCULAR NO.

Section 10. renewal of accreditation

 For Individual CPA

2. Individual’s current Certificate of Registration with the PRC/BOA

3. Current PTR issued by the local government

4. Certificate of Good Standing with his/her PICPA Chapter

5. Certificate of Training equivalent to 24 hours of training attended on coop

6. Expired Certificate of Accreditation by the CDA

7. List of coops audited

8. Sworn Statement of CEA re: Social Responsibility

Section 5. Conditions for Engagement of an CEA:

a. No EA may be engaged/qualified in the audit & any of its subsidiary if he/she or

a. Internal audit functions

b. Information systems design, implementation, and assessment; &

c. Such other services, w/c could affect independence as may be

d. Adherence to the highest professional, ethical and technical standard, such as

f. For the immediate past 3 years, should not have been an

g. Should not be related up to the 4th degree of consanguinity or affinity of the

h. Prohibition on auditing for not more than 5 consecutive years

2. Partnership’s Current Certificate of Registration with the BOA

3. Business Permit/Municipal License

5. Certificate of Training equivalent to 24 hours of training attended on coop

6. Expired Certificate of Accreditation by the CDA

7. List of coops audited

Section 8. Accreditation fees

INITIAL RENEW RE-

1. CDA Central Office – 2 copies

MEMORANDUM CIRCULAR NO. 2009 – 03

1. For Individual CPA

b. Professional Regulation Commission Identification Card (PRC-ID);

c. Certificate of Registration with BOA/PRC

d. Current Professional Tax Receipt (PTR) issued by the Local

e. Certificate of Membership in Good Standing with the PICPA

f. Certificate of Completion of Training

2. For Partnership/Auditing Firm

c. Partnership/s Current Certificate of Registration with the BOA;

d. Business Permit/Municipal License

e. Certificate of Membership in Good Standing with PICPA Chapter of

f. Certification of at least partner complied with the training

Note: Kindly accomplish it in four (4) copies:

4. CDA Central Office – 2 copies

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