Mindanao accountants hold yearly convention in Oro

BUSINESS
By MARK FRANCISCO
August 29, 2017

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THE Philippine Institute of Certified Public Accountants (PICPA) held the 25th Mindanao Geographical Area Conference and 36th Association of CPAs in Mindanao Conference last Monday and Tuesday at Limketkai Luxe Hotel in Cagayan de Oro City.

Hosted by the PICPA Cagayan de Oro-Misamis Oriental chapter and chaired by the indefatigable Raymundo Talimio Jr., the conference was festive in nature from the start, defying misconceptions that Mindanao is an economically unviable place.

This showed in the timely theme of this year’s convention which is Shine Mindanao. Talimio said they were overwhelmed that more than 800 participants joined in this two-day convention when they were expecting only around 500.

“It just shows that we are strong and resilient through trying times…that the Marawi crisis has given us even more resolve to help build our economy in Mindanao stronger,” he said.

During the two-day event, the accountants also discussed in thorough the proposed tax reform package now under discussion in Congress and how it would affect the accounting sector and the respective businesses they represent. The tax reform package was discussed by Tax Management Association of the Philippines president Ma. Lourdes Lim.

Talimio was also happy during the first day of the event after guest speaker Mindanao Development Authority (MinDA) chair Abu Khayr Alonto promised to tap accountants in the agency’s various economic projects of Mindanao.

The technical sessions of the two-day event formed part of the continuing education for accountants as mandated by the Professional Regulation Commission (PRC). Aside from the tax reform package, there were discussions on the Board of Accountancy updates, cooperative updates, PFRS updates, strategic management accounting, fraud detection and forensic accounting.

“We are strong and we will stand united to make our island reach her full potential, to be the change we want to see, to be a beacon of light for all peoples of Mindanao,” Talimio said.

For his part, PICPA senior regional director for Northern Mindanao Amanoding Esmail said that the conference offered “proven strategies, tools and resources to help your clients increase efficiencies, improve financial controls, streamline regulatory compliance and make transactions manageable. It is also organized mainly to examine opportunities and challenges surrounding the roadmap for Mindanao development. It likewise highlights the speeches of subject experts, lawmakers and industry representatives as well as focused panel discussion on relevant topics.”


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