AT - RA 9298 Red Sirug Page 5

59. Which of the following statements is correct? a.
Any candidate who fails in two (2) complete CPA board

examinations will no longer be allowed to take another set of examinations.
b. Any candidate who fails in two (2)
complete CPA board examinations shall be
AT – RA 9298 Red Sirug Page 5
disqualified from taking another set of examinations unless he/she submits
evidence to the satisfaction of the Board that he/she enrolled in and completed at
least twenty-four (24) units of subjects given in the licensure examination.
c. The examination in which the candidate was conditioned and the removal examination oh the subject
in which he/she failed shall be counted as two (2) complete examinations.
d. The refresher course should be completed within two (2) years from the preceding examination.
60. Which of the following shall be issued to examinees who passed the CPA licensure examination?
a. Certificate of accreditation
b. Personal identification card
c. Certificate of full compliance and PRC ID. d. Certificate of registration and professional
identification card
61. To be qualified as having passed the CPA licensure examination:

a. The candidate must have a general weighted average of at least 75%.
b. The candidate must not have a grade lower than 65% in any given subject.
c. A and B
d. Neither A nor B
62. Any candidate who fails in 2 complete CPA Board Examinations shall be disqualified from taking another
set of examination unless he or she submits evidence to the satisfaction of the Board that
a. He/She enrolled in and completed at least 24 units of subjects given in the licensure
examination.
b. He/She enrolled the subjects given in the CPA Board Examination in the regular course offering. c.
He/She is ready to take another set of
examination.
d. He/She enrolled in an educational institution offering or conducting review classes in
preparation for CPA Board Examination.
63. The following statements relate to CPA examination ratings. Which of the following is incorrect?
a. To pass the examination, candidates should obtain a general weighted average of 75% and above,
with no rating in any subject less than 65%.
b. Conditioned candidates shall take an examination in the remaining subjects within two years from the
preceding examination.
c. Candidates who obtain a rating of 75% and above in at least four subjects shall receive a conditional
credit for the subjects passed.
d. Candidates who failed in four complete examinations shall no longer be allowed to take
the examinations the fifth time.
64. The following statements relate to the rating in the CPA licensure examination. Identify the incorrect
statement.
a. A candidate must have a general weighted average of at least 75% with no grades lower than 65%
in any given subject in order to pass the CPA licensure examination.
b. In the event a candidate obtains a rating of 75% and above in at least a majority of the subjects,
he/she shall receive a conditional credit for the subject passed.
c. A candidate who receives a conditional credit shall take an examination on the remaining
subjects within two years from the preceding examination.
d. A candidate who gets a conditional credit and takes an examination on the
remaining subjects must get an average of at least 75% on the subjects reexamined
and at least 65% in each of the subjects reexamined.
65. The following are grounds for the suspension or revocation of certificate of registration and professional
identification card, except:
a. Unprofessional or unethical conduct.
b. Practice in more than one field of accountancy.
c. Possession of unsound mind.
d. Conviction of a criminal offense involving moral turpitude.
66. The following are grounds for refusal to issue a certificate of registration and professional identification
card to any successful examinee except:
a. Guilty of immoral and dishonorable conduct. b. Conviction for a political offense.
c. Unsound mind.
d. Conviction of a criminal offense involving moral turpitude.
67. A CPA whose certificate has been revoked: a. Has committed a crime involving moral
turpitude.
b. Is required to take the CPA Board Licensure examinations before reinstatement.
c. May be reinstated by the BOA after the expiration of 2 years from the date of
revocation.
d. Can no longer be reinstated as a CPA.
68. The Board of Accountancy may issue certificate of registration and professional identification card to any
successful examinee:
a. Of unsound mind
b. Convicted by a court of political offense. c. Guilty of immoral or dishonorable conduct. d.
Who has falsely represented himself/herself in his/her application for examination.
69. The Board of Accountancy may, after the expiration of ____ years from the date of revocation of a
certificate of registration, reinstate the validity of a revoked certificate of registration.
a. 2 b. 3 c. 4 d. 5
70. It involves a study or appraisal by the Board or its duly authorized representatives, of the quality of audit
of financial statements through an evaluation of the quality control measures instituted by the CPA firm
to ascertain compliance with ethical and technical standards of public practice.
a. Quality review

AT - RA 9298 Red Sirug Page 5

Uploaded by

Copyright:

Available Formats

AT - RA 9298 Red Sirug Page 5

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

AT - RA 9298 Red Sirug Page 5

Uploaded by

Copyright:

Available Formats

59. Which of the following statements is correct? a.

Any candidate who fails in two (2) complete CPA board

AT – RA 9298 Red Sirug Page 5

61. To be qualified as having passed the CPA licensure examination:

You might also like