President’s Message

Handog: Thanksgiving & Appreciation night marks the quarter under review. Once again, another page of PICPA’s achievements was proudly presented by our dear President Marydith; recognizing and thanking the people behind her tenure, from her inner circles in the National Office to the Chapter Officers in the field.

As a prelude early on the day, the Chapter Presidents had a session with a top Philippines wellness coach on handling stress and positive attitude.

The event is a trademark model in the private sector. Honoring the employees every year-end for their contribution to the company. It was a departure presentation model from previous events I have seen in PICPA. Here, the Executive Officers sang with their raw singing talents guided by a small singing group. It was hilarious but more heartwarming because it came straight from their hearts at no additional expense from the association’s coffers.

The chapter got two (2) awards. The recognition as a PICPA Chapter that supports its Vision-Mission Statements and adherence to its core values and a special citation to the chapter president to its contribution to the E-journal of which my special thanks to the Assistant Secretary, VP Professional Devt. And the Secretariat for this project.

Three significant events stand out.

The election of officers was clearly a success, clean, honest, orderly and more digitally held election. Transforming the voting preference of the members to online voting. More empowered members desired to serve the chapter that the chapter candidates exceeded by 4 (more than the 15 slots for election).

PICPA Comelec did a terrific job that the results of the election was posted in the association’s website, shortly after the election.

I am happy to report that your cash donations did produce results. Two of our participants in the STaR regional quizbowl garnered an award. Let’s continue to mentor, inspire and motivate them in the same manner we motivated our children that we can at least hope for them as future PICPA leaders.

The Lord’s blessings extends to the Sector Representative for Education who leads this project with a passing mark in the Pandemic BAR examination.

To institutionalize our secondary support effort for this activity, the motivational participation incentive scheme was put in writing with a memorandum of support and pledge with the sponsor on doubling the provincial award if and when a participant garner a regional award.

Following are our winners in the STaR Quizbowl Contest Basic Category:

Akol, Alyssa Joy O. – University of Rizal System – 3rd place

Intermediate Category:

Caraan, Rhica Mae C. – Tomas Claudio College – 1st place

Advanced Category:

Third, more than ever, the campaign for proxy gathering was more focused and intense that (8) incumbent chapter officers and (5) advisers personally eMailed to 230 nonMIGS for them to avail the extended amnesty program for them to execute their proxy. We ranked top 6th (@46% of Chapter MIGS) of 13 chapters in the STaR region proxy gathering performance. The VP Membership was concentrating on the MIGS proxy.

Our sincerest thanks to the National Office Finance for sending to us the much needed chapter share of membership fee for the period August 2021 to October 2021 amounting to Php51,367.00.

Professional development has managed to conduct two webinars in May & June despite of the heavy burden of the national elections and proxy gatherings.

Treasury operations timely disbursed via GCash the awards to the winners of the chapter’s Accounting Quizbowl contest. The committed additional awards from the Chapter President to those who garnered the regional place has also been disbursed to the 2 placers.

The Secretary department sustained timely reporting to the National Office. In addition, supported the dizzying requirements for the PICPA national elections.

And Sectoral Representative in Public Practice, Sister Normie, continued to storm high heavens with her daily virtual prayers that we be guided and directed in our daily tasks and projects, heal those who are suffering and always be with a grateful and generous heart. And her prayers were granted.

Thank you guys for the generous support to PICPA Rizal chapter. It is a wonderful and rewarding feeling of which I would like you to taste the same. Let’s move forward, highly empowered, informed and prudently happy.

WEBINARS

The Role of CPAs under the Anti-Money Laundering Law Part 1 webinar was conducted on May 28, 2022 from 10:00am to 12:00 noon. The resource speaker, Atty. Rainer dela Fuente discussed the AMLC regulations for Designated Non-Financial Businesses and Professionals (DNFBPs) in particular those applicable for covered professionals such as Lawyers and CPAs. The resource speaker identifies those who are covered professionals under the AMLA as amended. He also identified the role of the covered professionals in helping the AMLC in the implementation of the AMLC. It was offered to all members in good standing (MIGS) for Php375 and a package of Php700 for Part 1 (conducted on May 28, 2022) and Part 2 (to be conducted on June 4, 2022) while Non‐Members and Non‐MIGS for Php500 and a package of Php950 for Part 1 and Part 2 webinars. The participants earned 1.5 CPD units under Competence A.

PICPA Rizal Chapter conducted the webinar on The Role of CPAs under the Anti-Money Laundering Law Part 2 on June 04, 2022 from 10:00am to 12:00 noon. The resource speaker, Atty. Rainer dela Fuente discussed the covered persons and the requirements for AMLC registration. He also tackled the obligations and duties of the covered persons, including preventive measures, customer due diligence, transaction reporting and recordkeeping. The resource speaker covered other important matters like financial sanctions and guidelines on the digitization of customer records. It was offered to all members in good standing (MIGS) for Php375 and a package of Php700 for Part 1 (conducted on May 28, 2022) and Part 2 (conducted on June 4, 2022) while Non‐Members and Non‐MIGS for Php500 and a package of Php950 for Part 1 and Part 2 webinars. The participants earned 1.5 CPD units under Competence A.