Cognizant of the need to incessantly develop, improve and advance the accounting practice in the country, a group of luminaries of the Philippine Institute of Certified Public Accountants (PICPA) founded the PICPA Foundation, Inc. on December 29, 1981.
The Foundation’s primary purpose is to pursue research and development programs to assess the impact of paradigm shifts in business and technological advances in all areas of the accountancy profession.
Specifically, it is formed to create, establish and provide a private institutional entity and or medium which will initiate, promote, sponsor, assist, pursue support and conduct programs, projects and studies that are geared towards research development and improvement in the various fields of accounting practices and procedures, and other related sciences.
The Foundation is under the management Board of Trustees composed of elected qualified members. The Board then elects its Chairman, Vice-Chairman, Secretary and Treasurer to be its lead officers.
The first Board of Trustees of the Foundation is composed of fifteen (15) individuals, namely: 1) Jaime C. Laya, 2) Washington A. SyCip, 3) Roberto Ongpin, 4) Gregorio S. Licaros, 5) Carlota P. Villanueva, 6) Panfilo G. Domingo, 7) Alice L. Reyes, 8) Jovencio F. Cinco, 9) Renato L. Paras, 10) Romeo Y. Co, 11) Adriano C. Dy, 12) Francisco F. Gonzalez IV, 13) Luis P. Vera, 14) Fortunato B. Cruz, and 15) Corazon S. de la Paz.
The Foundation focuses on the 3 main programs and activities, namely: 1) Research and Development, 2) Professional Development and 3) Scholarship. These are managed by committees led chairs who are appointed from among the qualified members.
PICPA is a key partner of the organization that has been providing assistance to the Foundation.
To sustain the relevance of professional accountants in initiating, promoting and conducting programs, projects and studies on research, development and improvements in the various fields of accountancy.
Professional accountants in research and development advancing the accountancy profession.
PICPA Journal of Accounting Theory and Practice Volume 1, Issue 1 (2021)
Undergraduate Scholarship Program
PICPA Foundation in partnership with Polytechnic University of the Philippines(PUP) through a Memorandum of Agreement bowed its continuous commitment to an educational system relevant to the needs of the country for progress and social development thus, provided scholarship grants to poor and deserving students enrolled in the Accountancy Course offered PUP.
Amidst the Pandemic that currently happening in the country, the screening of the scholars was conducted via Phone calls by the members of the Scholarship Committee and the final interview via Zoom. Three batches of final interviews of applicants endorsed by PUP were conducted on December 16-18, 2020 by the Chairperson of the Scholarship Committee, Ms. Pamela Ann Escuadro.
On January 27, 2021, PICPA Foundation ’s Board of Trustees approved the applicants endorsed by the Scholarship Committee as the new scholars of the Foundation for Academic Year 2020-2021. In total, PICPA Foundation have Three (3) 4 th Year and Eight (8) 3rd Year Undergraduate Scholars.
A commitment letter was emailed to the scholars after the approval of the Board. The Scholars will receive a financial assistance to cover their food allowance, internet allowance, electricity allowance, books, school supplies and e-learning materials.
Review Scholarship Program
In September 17, 2021, PICPA Foundation started the dissemination of the flyer for accepting the applicants for Review Scholars for May 2021 CPA Licensure Examination (CPALE). The Scholarship Committee reached out to CPAR and ReSa Review School for the posting of flyer in their Facebook Page.
Fourty Six (46) applicants expressed their interest to apply in the Review Scholarship of the Foundation and Only Twenty Six (26) Applicant submitted complete requirements and undergone the Initial Interview
Same with the Undergraduate Process, Applicants was screened via Phone calls by the member of the Scholarship Committee and the final interview via virtual through Zoom.
Eight batches of final interview conducted on September 23-28, October 22-28 2020 by the Chairperson of the Scholarship Committee Ms. Pamela Ann Escuadro.
On October 31,2020 and January 27, 2021, PICPA Foundation ’s Board of Trustees approved the 20 applicants who passed the Final Interview which were endorsed by the Scholarship Committee as the new batch of review scholars of the Foundation who will take the October 2021 CPALE.
Acknowledgement to our Benevolent Donors
• TORRE, SOBREMONTE AND ASSOCIATES COMPANY
• JOCELYN FORGE INCORPORATED
Thank you for your unwavering support to the Projects of PICPA Foundation…