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Ethics and Excellence

“Ethics and Excellence” is the theme for the 67th Annual National Convention of Philippine Institute of Certified Public Accountants (PICPA) held in Butuan City, Philippines last November 28 to December 1, 2012. The event focuses on the importance of ethics and excellence in the practice of CPAs in their selected profession – Commerce and industry, Education, Public Practice, or Government. In the event, a speech by Teresita J. Herbosa was delivered focusing on Ethics and Excellence. In her speech, it was stressed that one cannot exist with the other. According to her, upholding Ethics and pursuing Excellence is appropriate and timely to address the challenges of modern times where regulations and standards become more stringent, competition within profession abound, and where the public demands more from the professional services of the accountants. She further said that these are the present day realities that accountants find themselves in and how they respond to these challenges reflect the values that they espouse. In a nut shell, they must excel but they must always keep their core values intact. There are many examples of great leaders who were “excellent” yet failed due to lack of ethics. For the past decades, various scandals involving large companies like Enron Corporation and WorldCom, along with its auditors, have collapsed. The root cause of these collapse can be summarized in one word — Greed. It is sad to mention that most, if not all, of its leaders are graduates of prestigious universities and have various awards, and are considered “Excellent” in their profession. Despite all of these, they lack integrity, which is one of the most important factor of leadership. They neglected ethics and chose to be under greed instead. With all of these scandals that happened, governing bodies, not just in the US, but all around the world, became stringent with their laws and focused on strict implementation of Ethics. As defined, Ethics involves systematizing, defending, and recommending concepts of right and wrong conduct. Professional ethics is a set of standards adopted by a professional community. Professional ethics are regulated by standards, which are often referred to as codes of ethics. As professionals, CPAs  adopt a code of ethics that govern them when providing a service to the public. The code of ethics...

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PICPA Annual National Convention 2012

What: PICPA Annual National Convention 2012 Who: To all Certified Public Accountants (CPAs) and non-CPAs who want to be updated with the current development and issues confronting each sector and the accounting profession, in general. Where: Almont Hotel’s Inland Resort, Butuan City When: November 28 to December 1, 2012. Schedule of Activities. How much: Pre-registration is P5,500 and on-site registration is P6,000 How to register: Just log on to the official site of PICPA Annual National Convention 2012 and register either online or offline. Procedures are as follows: Online:  Fill up the Online Registration Form. Pay registration fee through bank. Deposit payment at account No. 002-000137012 under the name 67th PICPA Annual National Convention. Fax the deposit slip at the following numbers: (085)342-1580, (085)341-1062, (085)342-1495; or email a scanned copy at 67thpicpaanc@gmail.com. Wait for a call or e-mail for confirmation. Offline:  Download the 67th PICPA ANC Form Print the registration form and manually write and fill it up, legibly. Pay registration fee through bank. Deposit payment at account No. 002-000137012 under the name 67th PICPA Annual National Convention. Fax the deposit slip at the following numbers: (085)342-1580, (085)341-1062, (085)342-1495; or email a scanned copy at 67thpicpaanc@gmail.com. Wait for a call or e-mail for confirmation. Why register:  PICPA Annual National Convention 2012 has become a vital spark for the Institute. It has been the most attended and most specially planned event of PICPA. It serves as a venue for discussion of current development and issues confronting each sector and the profession, in general. The technical sessions are designed to bring in new knowledge and enhanced competency to the members. ANC also serves as an opportunity for fellowship and camaraderie among members from different parts of the country. The theme of PICPA Annual National Convention 2012 is “Ethics. Excellence.” It is an affirmation of PICPA’s core values of integrity, professional excellence, innovation, discipline, teamwork, social responsibility and commitment. With these two mighty words, every professional accountant is reminded and challenged to live out his profession as ethical and excellent as possible. Speakers are experts from different sectors. Key Note speaker is Hon. Teresita J. Herbosa, the Chairperson of the SEC, who will discuss about “Ethics and Excellence”. One of the guest speaker for the event is Robert Gilfoyle, hub-leader for Vietnam and Regional Coordinator for the Corporate Financial Reporting Agenda of World Bank, who will...

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