Membership is open to Filipino-Americans who were granted a valid certificate by the Board of Accountancy (or equivalent governing board) of the Republic of the Philippines or of any state of the United States, entitling them to practice as certified public accountants at the time these certificates were issued. Membership is also extended to non-CPA professionals and students who are interested in the accounting and business fields.
Aside from being a part of a growing CPA Society, the benefits members obtain are:
- Continuing Professional Education through State Board required programs and updates on technical and current pronouncement affecting the accounting profession
- Personal and professional development through leadership training and experience
- Online accounting and tax library (coming soon!)
- Networking opportunities
- Job placement opportunities
- Community involvement
- Support group to U.S. and Philippine licensed CPAs
- Scholarships, grants and awards
Active Member – holds a CPA license in the Philippines or any U.S. state
Associate Member – non-Filipino or non-CPA expressing interest in accounting
Student Member – Accounting student either in undergraduate or graduate school
Excerpt from the By Laws:
ARTICLE III – MEMBERSHIP
Section 1. Qualifications. Except as provided in Section 4and 6 of this Article, membership shall be open only to Pilipino-Americans who were granted valid a certificate by the Board of Accountancy (or equivalent governing board) of the Republic of the Philippines or of any state of the United States, entitling them to practice as certified public accountants at the time these certificates were issued.
The Board at its discretion may, from time to time, request proof of the reliability of information as provided by the member or applicant on his/her application for membership or verify by whatever means the Board sees appropriate the veracity of such information. Any deliberate intent by the applicant or member to supply false information as it may materially affect the qualification of the applicant or member may result to nonacceptance or termination of membership.
Section 2. Classification of Members. Membership in the Society shall be classified into active, honorary, life, associate, and student.
Section 3. Active Members. Active members of the Society shall be of FILIPINO descent or heritage.
Section 4. Honorary Members. Honorary membership may be conferred by two-thirds vote of the Board of Directors to any individual who has excelled in his/her chosen profession or has performed outstanding contribution to the Society or to the accounting profession.
Honorary members cannot vote or be elected into any position of the Society.
Section 5. Life Members. Active members, upon application and two-thirds vote of approval by the Board of Directors, may become life members of the Society. They are exempt from payment of annual dues and continue to enjoy the rights and privileges of active members.
Section 6_ Associate Members_ Persons who are members in good standing of the Filipino Accountants Association, Los Angeles Chapter (FAA); Filipino Accountants of Southern California (FASC) and the Philippine Institute of Certified Public Accountants, Southern California (PICPA) as of the (ORIGINAL) adoption date (of JULY 14, 1986) of this Constitution and By-Laws, who do not otherwise meet the qualifications for membership shall be admitted as associate members of the Society.
Associate members will also include persons who work as an accountant or have taken or are currently taking the CPA board examination.
They will also include persons who have majored in other fields of business other than accounting, such as economics, management services, marketing, finance, taxation, computer science, etc. They will also include persons presently engaged in financial services like insurance, financial planning, sales of securities, estate planning, tax planning, etc.
Associate membership can also be extended to other non-Pilipino CPA’s who are, nevertheless, interested in joining the Society. The Society sees this as an opportunity to welcome ideas of other non-Pilipinos in the profession; thus broadening its horizon professionally and-culturally.
Section 7. Student members. Students who are currently enrolled in an accredited United States or Philippine college or university, are majoring in accounting or are in the process of earning the minimum units in accounting to qualify him or her for the CPA board examination.