Answer First
Primary Text
Transitory Provision. - The incumbent chairman and members of the Board shall continue to serve in their respective positions under the terms for they have been appointed under Presidential Decree No. 692, without the need of new appointments.
All graduates with Bachelors Degree, Major in Accounting shall be allowed to take the CPA Licensure Examination within two (2) years from the effectivity of this Act under the rules and regulations to be promulgated by the Board subject to the approval by the Commission.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.