PICPA Rizal Chapter 3rd Quarter Fy 2020-2021

PICPA STAR GOVERNMENT SUMMIT

PICPA RIZAL CHAPTER WEBINARS

Hosted by the PICPA Southern Tagalog Region

Secret to Lifetime Happiness and QAR Considerations

PICPA RIZAL CHAPTER MAGAZINE

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PICPA Rizal Chapter 3rd Quarter FY 2020-2021 Issue

TABLE OF

Contents

03

Birthday Celebrants

04

Webinars

06

Meetings

07

PICPA STAR Government Summit and Joint General Membership Membership Meeting of STAR and Chapters

PICPA RIZAL CHAPTER 3RD QUARTER FY 2020-2021

PICPA Rizal Chapter 3rd Quarter FY 2020-2021 Issue

03

RAMON NAVARRO P.R.O. jANUARY 2

Happy

BIRTHDAY

ROSEMARIE LEONIDA PAST PRESIDENT jANUARY 21

ROLANDO LEYBLE FEBRUARY 4

MA LOLITA FERNANDEZ SECRETARIAT FEBRUARY 17

ESTELA PASCUAL VP MEMBERSHIP MARCH 14

PICPA Rizal Chapter 3rd Quarter FY 2020-2021 Issue

04

Secret of Lifetime Happiness Resource Speaker: Edes M. Banting February 19, 2021, the PICPA Rizal Chapter held its webinar on the topic Secret of Lifetime Happiness with resource speaker Ms. Edes M. Banting. This webinar was co-hosted with PICPA San Pablo Chpater and PICPA Marinduque Chapter. The resource speaker gave tips and reminders to participants on how to achieve a lifetime happiness through in our daily lives.

"When gratitude becomes your default setting, life changes Nancy Ligh Demos "

"Start each day with a grateful heart"

PICPA RIZAL CHAPTER 3RD QUARTER FY 2020-2021

05

PICPA Rizal Chapter 3rd Quarter FY 2020-2021 Issue

QAR Consideration in Accordance with PSA 220 Resource Speaker: Marco Fernando L. Ng The Quality Assurance Review (QAR) Program is a step for improving the credibility and reliability of financial statements audited by Philippine auditors, be it done by an individual CPA practitioner or by a large CPA firm. This program was introduced by the Board of Accountancy (BOA) in accordance with the practice of CPAs around the world that is becoming a standard. Aside from that, according to BOA, that it is their legal obligation under the Accountancy and auditing standards and practices.

The topic was about the evaluation and review in accordance with various Philippine Standard on Auditing (PSA). The program on quality control for an Audit of Financial Statements (PSA220), Audit documentation (PSA230); The Auditors responsibility to consider fraud in an audit of financial statements (PSA240); identifying and assessing the risk of material misstatement through understanding the entity and its environment (PSA315) and other PSA’s.

The Session started with enumerating the various Philippine Standard on Auditing (PSA) and the evaluation and review are in accordance with the said PSA. The discussion focusses on the quality control for an audit of financial statements, audit documentation the auditor responsibility to consider fraud in an audit of financial statements, identifying and assessing the risks of material misstatement through understanding the entity and its environment. Risk of non-compliance is also discussed. Audit methodologist such as the top- down approach and transaction cycle approach were also emphasized. During the open forum participants were inquisitive and find interest on the topic of audit risk model.

Thus, emphasis was also given much attention to the said model.

"Quality Assurance Review Program is a step for improving the credibility and reliability of financial statements audited by Philippine auditors "

PICPA Rizal Chapter 3rd Quarter FY 2020-2021 Issue

06

Board Meeting The Board of Directors held their seventh and eight board meeting on January 31 and February 10, 2021.

The agendas for the two board meetings were: 1. Quickbooks Direct Connection to National Office 2. Updated List of Merchants 3. Upcoming Chapter Sponsored Webinars 4. Chapter Self-Assessment

"Increasing performance and value"

PICPA RIZAL CHAPTER 3RD QUARTER FY 2020-2021

PICPA Rizal Chapter 3rd Quarter FY 2020-2021 Issue

07

PICPA STaR Government Summit and Joint General Membership Meeting of STaR and Chapters Taxation in the New Normal & Women's Month Celebration Last March 24 and 25, 2021, the PICPA Southern Tagalog region held its 2nd STaR Government Summit in celebration of Women's Month. The summit was also co-hosted by the PICPA Batangas Chapter, PICPA Rizal Chapter, PICPA San Pablo Chapter, PICPA Marinduque Chapter and PICPA Oriental Mindoro Chapter.

It was attended by the respectable and amazing resource speakers., Hon, Roland Pondoc, Dr. Estelita C. Aguirre, Dr. Enrique C. Pinos and Dr. Esmenia R. Javier.

PICPA RIZAL CHAPTER 3RD QUARTER FY 2020-2021

PICPA Rizal Chapter 3rd Quarter FY 2020-2021 Issue

CREDITS 01 02

CANVA

Screenshots from Webinars

PICPA RIZAL CHAPTER 3RD QUARTER FY 2020-2021