The CPA (Certified Public Accountants) Board Exam is one of the toughest government examinations in the Philippines. It takes five years of rigorous studies and a six month period of review at the CPA Review Centers.
The Commission on Audit (COA) under the 1987 Constitution of the Philippines, prescribed the adoption of the New Accounting System for the Barangay that was implemented beginning the fiscal period, 1987.
Passing the CPA Board Exam is difficult. Making it to top 10 is exhilarating, especially if you come from a small public college south of Manila - DFCAMCLP, a project by incumbent Mayor Nene Aguilar.
The shift to the New Government System was made in response to conformity with the International Accounting Standard, computerization, generation of financial statements and for agency monitoring.