“MGA ALIGUTGOT”: CONTINUING PROFESSIONAL

DEVELOPMENT OF CERTIFIED PUBLIC ACCOUNTANTS FOR

RENEWAL OF LICENSE

An Undergraduate Thesis Presented to the Faculty of the

Department of Accounting Education UM Digos College

Digos City

In Partial Fulfillment of the Requirements for the Degree of

Bachelor of Science in Accountancy

by

Alcasid, Lourzely G.

Sardido, King Mark Lester B.

Tejero, Ian R.
 October 2018

ACKNOWLEDGEMENT

We expressed our deepest thanks and gratitude to those individuals who

helped us to make this study possible, and to whom we were truly indebted for

all their contributions to finish this study.

To our Almighty God, who guide us, to our parents and guardians, who

willingly provided their full support at all times and giving us strength in times

of hardships and throughout the completion of this requirement.

To our valued respondents, who accepted and supported us during the data-

gathering period by allowing us to conduct an interview with them.

To our research adviser, Prof. Khareen B. Culajara, MA, for all his kind

suggestions, encouragement and his overall support for the completion and

success of our study, and also for applying his expertise in analyzing our

gathered data. To our subject adviser, Dr. Ryan Dale B. Elnar, Ph.D, for

guiding us towards the completion of our manuscript.

 To the validators, Ma’am Viola Buenaventura, Ed.D, Mr. Ryan Dale B.

Elnar, Ph.D, Ma’am Jeaneth P. Tormis, CPA, MBA, for their constructive

criticism on our research questionnaires and for giving us suggestions for the

improvement of our study.

DEDICATION

This research study is

Wholeheartedly dedicated to our

Ever supportive Parents, Friends, Professors

Mentors who gave us inspirations

And above all to our Almighty God whose endless love

And guidance never fail.

With them, all of these things are made possible.

Lourzely

Lester

Ian
 TABLE OF CONTENTS

Page

TITLE PAGE i

ACKNOWLEDGEMENT ii

DEDICATION iii

TABLE OF CONTENTS iv

LIST OF FIGURES v

Chapter

I INTRODUCTION

Rationale of the Study 1

Purpose of the Study 6

Research Question 6

Theoretical Lens 7

Significance of the Study 8

Definition of Terms 9

II REVIEW OF RELATED LITERATURE

Continuing Professional Development 12

III METHODOLOGY

Research Design 31

Research of the Participants 32

Research Instruments 32
 Plan for Analysis 32

Data Collection Procedures 33

Ethical Considerations 35

IV PRESENTATION, RESULTS AND DISCUSSION

Commerce and Industry 40

Academe 54

Government 62

Public Practice 71

V SUMMARY, CONCLUSION, AND RECOMMENDATIONS

Summary 79

Conclusions 82

Recommendations 83

REFERENCES 36
 LIST OF FIGURES

Figures Page
1 Thematic Diagram on CPAs in the Commerce and 41
Industry: Professional Challenges
2 Thematic Diagram on CPAs in the Commerce and 47
Industry: Professional Advancement
3 Thematic Diagram on CPAs in the Commerce and 50
Industry: Difficulties in Continuing Professional
Development
4 Thematic Diagram on CPAs in the Academe: 54
Professionally Competitive
5 Thematic Diagram on CPAs in the Academe: 57
Professional Knowledge and Development to be
Updated
6 Thematic Diagram on CPAs in the Academe: 59
Professional Time and Place Constraints
7 Thematic Diagram on CPAs in the Government: 63
Professionally and Globally Competitive
8 Thematic Diagram on CPAs in the Government: 66
Mandatory Professional Compliance
9 Thematic Diagram on CPAs in the Government: 69
Difficulty in Work to Earn CPD units
10 Thematic Diagram on CPAs in the Public Practice: 72
Professional Skills Reward and Enhancement
11 Thematic Diagram on CPAs in the Public Practice: 74
Professional Relevant Skills
12 Thematic Diagram on CPAs in the Public Practice: 76
Professional Financial Difficulties