President’s Corner

President's Corner

About Marydith C. Miguel

Dolly is a partner in Assurance with many years of experience in audit and is IRS-accredited based on EY requirements. She has extensive experience in financial audits, agreed-upon procedures, limited-review procedures, due diligence reviews, and cross-border and local equity offerings. She has worked with companies engaged in telecommunications, real estate, investment holdings, tollways, car assembly, food retailing, and entertainment, as well as airlines, hospitals, schools, and nonstick, nonprofit organizations. She also has deep experience in the review of internal controls over financial reporting.

She was a National Board member of the Philippine Institute of Certified Public Accountants (PICPA) for 2008-2010, and served as President of the PICPA Western Manila Chapter in 2006-2007.

She was an SGV scholar at the Asian Institute of Management, where she obtained a Master in Management degree in 1996. She graduated cum laude from the University of the East in Manila with a Bachelor of Science degree in Business Administration, major in AccoFunting.

President's Message

Annual Planning Conference

Inaugural Address

Induction and Turn-Over Ceremonies

To our guest speaker and inducting officer, Former Chief Justice Artemio Panganiban, who was so gracious to accept our invite and who was so generous of his words;  the Chair of the Board of Accountancy, Honorable Dr. Noe G. Quinanola (and to other members of the Board of Accountancy – Hon. Dr. Arlyn Villanueva. Hon. Atty Sam Padilla. Hon. Dr. Gloria Baysa and Hon. Dr. Gerry Piator); immediate Past President Lope L. Bato Jr and to all Past  PICPA National Presidents in attendance; Past BOA Chair Gerard Sanvictores, the incoming Board of Directors, National Committee Chairs, Chapter Presidents, Regional Sectoral Representatives and other PICPA officers; other distinguished guests, friends, ladies and gentlemen.

As I start to speak, am trying to recall how this all started. If I have one confession to make,  it is that  I started as a reluctant PICPA member. I was then a newly promoted supervisor when Mr. Celso Vivas , one of my former partners, asked me to  be the Assistant  Secretary for Western Metro Manila Chapter. He was then about to assume the Chapter Presidency and I suppose more than the need of an Assistant Secretary, he just wanted me to be exposed outside SGV. For my part, more than the need for exposure, I just wanted to please my partner. And so that was  how my membership in PICPA started… then I find myself liking it… the friendship I found, the activities… but it was the late Mrs. Violeta Vicente who pushed me to accept the chapter presidency in PICPA WMMC and before I knew it, I was  already immersed to being a PICPA member… to borrow the term used by many PICPAns “PICPA addict”.  I was in so much  awe on how the officers can give so much time for PICPA and they seemed to be enjoying it,  until I found meaning in the things they do  and the rest is history.

I am immensely grateful but humbled to be speaking in front of you as your newly elected PICPA National President. Thank you for the trust that you have bestowed upon me by choosing me to lead our great institution, whose members includes the who’s who in the Accounting Profession, people with great minds and passion.  Your support means a lot.  Rest assured that you all have my full commitment and dedication to serve our members and our organization so that we may further transform and accelerate our progress in support of the accounting profession and hopefully the country as whole.

It is an honor to have you witness the induction of the FY21-22 National Board of Directors and officers. As you all know, the well-being of our members is our foremost priority, which is why we are holding our induction ceremony online, for the second year in a row. Although we are all physically apart, I trust that our commitment to our beloved organization will keep us united in overcoming the challenges brought about by the pandemic.  

Sustaining the continuing development of the accountancy profession and serving the needs of Filipino accountants have always been at the core of who we are. PICPA has been standing firm for decades because we have always aimed to provide solutions that help enable and empower our professionals, the industries we work in, and the nation at large. Today, the current climate calls for us to take action after the changes in the environment and the changing needs of our members are starting to shatter our norms.

But how can we meet the moment? Simple – we need to embrace transformation.

As our theme of the year aptly states, we need to Transform by embracing possibilities and realizing potentials. It is time for us to unleash our immense untapped capabilities to help reinforce our profession and rebuild the economy. Now, more than ever, we need to conjure new ideas and find innovative solutions that can enable Filipino CPAs better support and advise our stakeholders.

Recall that our organization’s mission directs us to uphold the highest standards in the accountancy profession and protect public interest. Hence, we must leverage on our values such as resiliency, fortitude and agility to make sure that we remain relevant, effective and responsible in this fast-paced modern world.

As I have presented, our plans and programs will be anchored on the five strategic pillars – – professional development, membership services, partnership with regulators and international alliances, community and social responsibility and capacity building.  While the first step to transformation begins within ourselves, we also recognize that we can no longer separate transformation from technology. Day by day, we see new advancements that can help process our work. Indeed, automation is the way of the future. Our digital transformation this year will start with the preparation of digital roadmap that will serve a as guide for PICPA’s journey to digital transformation.

We need to improve on our CPD offerings for the eventual adoption of the professional qualification framework and  we need to invest for the creation of PICPA Academy for the institutionalization of these CPD Offerings. Professional development is a core commitment of PICPA to its members.

There will also be other projects. Thus year, we pledge to initiate more projects centered to address the needs of the SMEs  as well as the SMPs,

our support to BOA for the Quality Assurance Review implementation,  amendment of the Accountancy Law to the extent we deemed beneficial to the profession and the amendment also of the PICPA articles  to amend the primary purpose, to cite a few….

Of course, we would not be able to set our sights on such immense goals, if it were not for the people who have paved the way and set the foundation to our future success. That is why I want to recognize our immediate past national president and the FY20-21 board of directors for their valiant efforts during the past year. It is inspiring how, despite being faced with such unprecedented and challenging circumstances, they still managed to spearhead and manage numerous projects that focused on important areas, such as quality with our ISO certification;

I also want to acknowledge the efforts and work done of all the other past PICPA National Presidents who were all  instrumental in building PICPA to what it is today. Allow me to cite some of the key accomplishments of our leaders  in  the last five years :

  • Immediate Past President Lope L. Bato, Jr. for our ISO certification as mentioned
  • 2019-2020 Past President Evelyn S. Corpuz for launching our online Voting System and pioneering our digital webinars.
  • 2018-2019 President Ma. Asuncion M. Golez for launching Eventbank and Quickbooks and for garnering the Outstanding Accredited Professional Organization (APO) award for PICPA.
  • 2017-2018 President Zenaida P. Alcantara for her commitment to accounting and finance education through the joint program with Card MRI Micro Business Enterprises that helped students across the country.
  • 2016-2017 President Ramonito D. Pernato who strengthened ties with International organizations. During his term, CAPA cited PICPA in helping develop the CPD Toolkit of CAPA. We also hosted the CAPA International Conference.

Each of our past PICPA National Presidents definitely had their own significant contributions to PICPA.  We all thank them for their invaluable services.

In closing, I wish to share a quote from a PICPA past president, who recently celebrated his centenary, Mr. Washington SyCip:

“Leadership qualities must be backed by high ethical and moral standards, humility, fairness, and a willingness to learn and to change”

 I urge the incoming officers for FY21-22 to take this message to heart. It tells us that in order for us to be effective leaders, we must remain unfazed by disruption and instead, focus on learning, growing and transforming so that we can adapt to challenges and seize new opportunities as they arise. By being open to change, embracing progress and demonstrating resilience, we will be better able to serve and address the needs of or members. Above all, we must become servant-leaders who practice integrity, excellence and humility in everything we do.

I trust that through our hard work and collaboration, we can further elevate the profession and uplift the lives of our members.

Before I end, allow me to thank those who were with me in this journey . ..

First I would like to thank my SGV Family who have been very supportive of all my PICPA activities .  Would like to thank our CMP Wilson Tan, our former CMP, Itos Cruz and Vic Noel,  and some of SGV’s  leadership, my SGV Partners in Market Group 2, other SGV partner friends and my managers, whom I refer to as my warriors, for their presence this afternoon. .

My sincere gratitude also to my very own chapter, Western Metro Manila Chapter, where my PICPA journey started. WMMC members have been very supportive of me ever since my Chapter President’s days, always willing to stand  in my absence and give extra hands when help is needed. . . and of course the entire Metro Manila region… thank you for the support and trust.

Shout out to my special friends who are here this afternoon  – they are my shock absorbers, supporters and at the same time my critics. You know who you are, thank you for always being there, and for the many years of friendship

To my family, for the love, care and understanding in all the things I do. Most of  the times, I am the reason why some family plans have to be moved or cancelled, always adjusting to my schedules…

And to all of you who  helped in this journey, and of course to GOD the Almighty, who made all of this possible. . . I am grateful and feel blessed.

I know that this role will not be easy and that challenges awaits me, but it is a  source of great confidence and comfort to have all of you as partners and the former leaders as my role models in this monumental job of upholding the mission and vision of PICPA and the dream to even bring our beloved PICPA to a greater heights.

Thank you very much and may we all have a purposeful day and year ahead.

Mabuhay ang PICPA!

 

Ms. Marydith C. Miguel
National President
FY 2021-2022

President's Corner

About Lope L. Bato, Jr

He graduated Bachelor of Science in Business Administration major in Accounting at Mindanao State University – Iligan Institute of Technology (MSU-IIT) in 1986. He finished Master of Business Administration (MBA) at Centro Escolar University and now a candidate for Doctor in Business Administration (BDA) at La Consolacion University of the Philippines.

After passing the CPA Board, he joined SyCip Gorres Velayo & Co., (SGV & Co.) CPAs, and he resigned after five (5) years. Together with two (2) of his colleagues from SGV, they organized Quilab Cabilin Bato & Co., CPAs (QBC & Co., CPAs), a Regional Audit Firm based in Mindanao. In 2016, after almost twenty-five (25) years with QCB, he started his own firm known as Lope Laranjo Bato & Co., CPAs (LLB & Co., CPAs) together with five (5) of his senior managers as founding partners.

He has been in the practice of Public Accounting and Taxation since he became a Certified Public Accountant (CPA) as a Senior Auditor of SGV & Co., CPAs to Managing Partner of QCB & Co., CPAs and now as Chairman and CEO of LOPE LARANJO BATO & Co., CPAs (LLB & Co., CPAs), a Member Firm of the “Leading Edge Alliance Global”, with head office in Cagayan de Oro City and eight (8) branches operating nationwide. In his almost thirty-three (33) years in the practice of Public Accounting and Taxation, he was able to obtain two (2) global certifications, namely, “Certified Forensic Accountant (CrFA) and Certified Internal Control Auditor (CICA). While practicing his profession as a CPA under the banner of QCB & Co., CPAs, he concurrently led a Rural Bank based in Cagayan de Oro City for fifteen (15) years from 1997 to 2012 as its President and CEO.

He has been very active with his professional organization, the Philippine Institute of Certified Public Accountants (PICPA), having served in various capacities until he became the youngest Chapter President of PICPA Cagayan de Oro – Misamis Oriental Chapter in 1996 and National Vice-President for Public Practice (PICPA National) in 2009. He is likewise very active with the Association of CPAs in Public Practice (ACPAPP) having served as the Founding President of ACPAPP Northern Mindanao Chapter and as a Member of the ACPAPP National Board for two (2) terms. He was awarded, among others, Outstanding PICPA Member in 2006, Honorary Lifetime Member of PICPA in 2010, Outstanding MSU-IIT Alumnus (TOMA) in the field of Banking and Finance in 2009, and Most Outstanding Director of the Rotary of Club of Cagayan de Oro (Mother Club) in 2003.

He was again elected to PICPA National Board in 2019 as Regional Director representing Northern Mindanao Region and serves as the Executive Vice-President of PICPA. Effective July 1, 2020, Mr. Lope L. Bato, Jr. takes the helm of Presidency with the Philippine Institute of CPAs (PICPA).

Inaugural Address

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Accounting Times

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President's Corner

About Evelyn S. Corpuz

Evelyn Sungueb Corpuz hails from Carasi, Ilocos Norte where she is the LGU Chief Accountant. She has received distinguished awards that include her Special Citation for Financial Management, Northern Luzon Region (70th ANCON), Distinguished Service Award and Leadership Award as LGAO Chairperson (2015, and 2014-2015, respectively), Outstanding Diamond Jubilee Alumna Award in Accountancy and Business (NWU), Distinguished Service Award as SGC President from CNHS (2016). She has served PICPA as a leader in various positions starting as Chapter President of PICPA Ilocos Norte in 2006.
Her career in PICPA’s culmination was when she ascended to Presidency in FY 2019-2020.

Valedictory Address

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President's Corner

About Ma. Asuncion M. Golez

Ma. Asuncion M. Golez comes from a family of accountants.  She had her first exposure in the accounting profession  as a young girl of twelve, her father being a well-known CPA practitioner in Bacolod who used to be an active member of PICPA. She followed the footsteps of her father and inherited all the big hacienderos and taxpayers in negros occidental who are now her clients in her accounting firm Maravilla and Company CPAs and   in her AMGolez brokerage services. 

Despite her being a sugar planter  with a lucrative realty business and accounting practice,  she may not know it, but you can feel her humility which is  evident in her way of expressing herself especially in her speeches.

She was imbued with the  values of humility and modesty by  the nuns of  St Scholastica College where she studied in the elementary and high school, after which she moved to college and graduated from the Far Eastern University Bachelor of Science in Accountancy. 

She has been very active for over three decades  with  PICPA as a member of negros occidental chapter, having served as its president in 1999, as member or chairman of various PICPA national committees and as a regional director and national board member.  She has received many awards from PICPA, notable of which are the outstanding PICPA member award in 2004 and the Honorary Life Member (HLM) award in 2007.   She is  considered the godmother of the Performance Governance System (PGS) in the accountancy profession which she  supported and laboured together with the PGS committee since 2006  until it got the PGS institutionalized award, gold performance trailblazer award and the Island of Good Governance award, and  recognized  by  the International Federation of Accountants last June 31, 2018.

She is happily married to a sugar planter from Negros Occidental, Mr Eric Golez. They are blessed with two daughters and one son,  all professionals. Ma. Asuncion M. Golez is now a grandmother with  four grandkids. but look at her, she does not look like one.

Accounting Times

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President's Corner

About Zenaida P. Alcantara

A wealth of experience in two allied professions has transformed Atty. Zenaida P. Alcantara into a picture of confidence and expertise in auditing, accounting, legal and tax practice, and business advisory.   Defying traditional expectations about the number 13, she owned the thirteenth slot in the 1972 CPA Board Exams, after graduating magna cum laude from the University of the East earlier that same year.  Later she would add to her academic achievements the distinction of being a Dean’s lister at the Ateneo de Manila University School of Law, where she pursued her legal studies.  She went on to graduate with her Bachelor of Laws degree in 1987, passed the BAR examinations that same year, and took her first steps in the legal profession the following year.      

Zeny, as she is known to friends and family, prides herself on having built a career spanning four decades of extensive professional experience in both the legal and accounting professions.  The foundations of her singular career were established when she marked a decade of work as an auditor at SGV & Company, where she served from 1973 to 1983.  The chance to spread her wings came when she joined Filinvest Land, Inc. group of companies in 1983 as its comptroller, rising to the position of Head of the Filinvest’s Internal Audit Group.  She went on to serve as Comptroller of Yupangco Cotton Mills, Inc., a position she held from 1989 to 1993.  Armed with twenty years of wide-ranging experience, she established her own law practice,  the Alcantara Law Office, from which she made a name for herself as a legal consultant and tax practitioner.

A dedicated member of the accounting profession, Zeny has been an active officer / member of the Philippine Institute of Certified Public Accountants (PICPA) for at least three (3) decades.  Having witnessed the creation of the PICPA Metro Manila Chapters in 1990, Zeny is justifiably proud of having the distinction of being one of the pioneer Chapter officers for the Northern Metro Manila Chapter, which she served as Executive President in 1990, going on to become Chapter President in 1992.

At the National level, Zeny is a long-time member of the Tax and Legislation Committee and the Chapters Committee (now GARCA), serving either as a member or the Chair of these Committees. She became a member of the National Board of Directors when she was named as Sectoral Director for the Commerce and Industry Sector, for FY July 2007 to June 2008.  Greater responsibilities came when Zeny was elected Regional Director for Metro Manila; sat as a member of the National Board of Directors for a two-year term, from FY 2009 to 2011; and was appointed to her first-year term as Vice President for Operations (for FY July 2009 to June 2010), and to her second year as Vice President for the Commerce and Industry Sector (for FY July 2010 to June 2011).

In 2016, she was again elected as Regional Director for Metro Manila, and she sat her second two-year term as a member of the National Board of Directors for FY2016 to 2018.  She was appointed as the Executive Vice President for FY July 2016 to June 2017, and, in recognition of her years of singular and dedicated service to PICPA, she was hailed as PICPA National President for FY July 2017 to June 2018.  

Education has always been a priority for Zeny.  So it was that during her term as National President, she was a steadfast champion of the professional development of PICPAns across the country.  Indeed, it was through her initiative, the CPD Council (which was revived under her watch) was mandated to develop and copyright training modules as the intellectual property of PICPA. This passion for education and research helped her to address lifelong learning challenges that inspired accounting professionals to attend PICPA seminars and conferences; and to work for the improvement of the quality of seminars offered, in terms of content and delivery of the resource persons. These twin achievements saw a dramatic increase in the number of seminars offered and, more importantly, the attendance and involvement of CPAs and non-CPAs in unprecedented numbers.  Under her impetus, regions and geographical area offices also conducted their conferences, and saw the active participation of CPAs nationwide, as evidenced by well-attended conferences across the country; indeed, inspired by her promotion of CPD, more chapters were also able to offer seminars for their members. 

Such was Zeny’s zeal in promoting the interests of her fellow accounting professionals that the PICPA Annual National Convention held in November 2017 at the Philippine International Convention Center, attended by 5,200 delegates, registered the highest number of attendees for the first time since its inception.

Believing in the universal importance of the accounting profession, Zeny has actively represented the Philippine accounting professionals as PICPA representative before international bodies.  She has served either as a council member or as a voting member at the International Federation of Accountants Conference (IFAC), the Confederation of Asian and Pacific Accountants (CAPA), and the ASEAN Federation of Accountants (AFA).  It is an enduring source of pride for Zeny that for the first time, two Filipino CPAs were appointed to the chairmanships of committees in CAPA and AFA.  With her encouragement, PICPA hosted the IFAC meeting of its PAODC Committee, where Zeny participated as an Observer.

One of Zeny’s proudest moments came when she represented the Philippine accounting professionals before the United Nations Conference on Trade and Development (UNCTAD), which had invited the PICPA President to the 34th International Standards of Accounting and Reporting (ISAR) Conference and Accounting Workshop of Experts held at the United Nations in Geneva, Switzerland from October 31 to November 3, 2017.  Zeny was also in attendance at the 35th and 36th ISAR Conferences held in 2018 and 2019 in Geneva, and she enthusiastically promoted PICPA’s participation in conferences organized by the World Bank, the Asian Development Bank (ADB) and the Asia-Pacific Economic Conference (APEC).

With her encouragement, PICPA held three international conferences in 2018: in Dubai, UAE in January 2018; Sydney, Australia in June 2018; and London, United Kingdom in June 2018.  And, with her support, PICPA hosted the historic signing of the Memorandum of Agreement (MOA) between the Institute and the Professional Regulation Commission, implementing the ASEAN Mutual Recognition Arrangement on Accountancy Services that will recognize the ASEAN Chartered Accountants.

Zeny’s term as National President was also marked by great strides in the improvement of PICPA’s financial position.  The robust financial condition shown in PICPA’s audited financial statements for the fiscal year ending in June 30, 2018 resonated through capital improvements and initiatives to implement systems improvement. These received general acclaim and contributed greatly to the PRC’s conferment of the award as Outstanding Accredited Professional Organization in Accountancy on PICPA in 2019.

At the helm of PICPA, Zeny has promoted social responsibility with micro-enterprise capacity building through the CARD MRI, Inc.; organized free seminars for teachers, barangay and LGU finance officers; and gathered donations for calamity-stricken areas and other entities that were generously shared through the PICPA chapters.      

As Chairman of the PICPA Foundation, she has worked for its accreditation with the Philippine Council for NGO Certification, thereby enabling the Foundation to obtain its tax-exempt status. She also directed the First Joint Accounting Research Summit, which brought educators and students together to deliver and publish research findings and output.  She likewise spearheaded the selection of awardees to the Parangal San Mateo Award given in June 2019 , which is conferred on deserving CPAs who exemplified the Foundation’s ideals and are chosen from a national selection of nominees.

An appreciative PICPA conferred on Zeny the Outstanding PICPA Member Award in 2006; hailed her as the Outstanding PICPA Lady President in March 2019; and presented to her the PICPA Honorary Life Member Award in November 2019.  And in recognition of her distinguished achievement in the pursuit of her profession, she was awarded the 2019 Outstanding Alumna of the College of Business Administration of her alma mater, the University of the East, by the UE Alumni Association, Inc.

Yet with all her professional achievements and success, she considers her happy family life as her greatest treasure.  She is married to Luis, a fellow CPA, with whom she has four children: Allan Roy, a lawyer; Louis Paulo, a civil engineer; Isa Portia, who followed in her parents’ footsteps as a CPA; and Carlo Fernando, a financial manager.