The licensure exams for certified public accountants (CPA) scheduled next month have been postponed indefinitely, the Professional Regulation Commission (PRC) announced Wednesday.
In a resolution, PRC officials led by chairperson Teresita Manzala ordered the deferral and rescheduling of the CPA board exams due to vacancies in the Board of Accountancy, which administers the tests.
The board only currently has two sitting members out of the six mandated by law. President Benigno Aquino III appoints members of the board.
“The board is short of the requirement for a quorum to validly transact official business, including the formulation and extraction of test items or questions, administration of the examination proper and releasing of results,” the PRC said in its resolution.
The PRC did not set a new date for the CPA board exams, which were supposed to take place on May 11, 12, 18 and 19.