After 27 years of drought for surpassing the national passing rate, MPSPC’s Accountancy Department broke history after the successful turnout of examinees in the Certified Public Accountant Licensure Examination held in October 2019 in the cities of Baguio, Manila, Cagayan De Oro, Cebu, Davao, Iloilo, Legazpi, Lucena, Tacloban and Tuguegarao. The institution yielded 21.74% (5 out of 23) against the national passing rate of 14.32% (2,075 out of 14,492) based on the data released by the Professional Regulation Commission.
Out of the nine examinees who took the test for the first time, Mylner L. Ageb-eb and Caryn P. Bangsoy obtained passing scores in the licensure exam and recorded a 22.22% passing rate. Meanwhile, three examinees out of 14 repeaters namely, Lamae A. Cawed, Shella D. Enumneng, and Jasmin L. Laklaken recorded a 21.43% rating. These ratings set MPSPC’s 21.74% institutional passing rate which is far higher than the national passing rate of 14.32%.
“There is no argument that one of the most difficult licensure examinations in the Philippines is the Certified Public Accountant (CPA) board exams. It remains to be so as the May 2019 exam produced 1,699 passers out of 10,319 candidates,” Mr. Ageb-eb shared in an interview. “We are thankful to our institution for preparing us during our undergraduate years,” Ageb-eb added.
“Although this event was indeed a victory to be celebrated, the challenge is still on for the Accountancy Department to maintain this status. As the CPALE gets tougher and tougher, the department and the institution continue to strive harder to sustain its performance,” Ms. Rachel Fagyan, the Accountancy Department Chairperson posited.
The administration is putting its best to provide the needs of the Accountancy Departments in terms of trainings and post graduate education of faculty members, enhancing the physical facilities of the college as it moves to coming up with an “Accountancy Incubation Learning Hub cum Skills Testing Center” and continue providing the level of education and exposure to the Accountancy students.
“Concerns on the implementation of the proposed admission and retention policy to be implemented are still being eyed for by the Accountancy Department as this will be the basis on how to continually screen the Accountancy students and motivate them to always be on their guard in their academic performance,” Ms. Fagyan added.