Sunday, May 20, 2012

History of JPIA

The National Federation of Junior Philippine Institute of Accountants was created in 1983 under the auspices of the Philippine Institute of Certified Public Accountants to serve as a link between the accountancy students and their professional counterparts.  Being the only national organization of accountancy students, it is tasked with organizing its members into a relevant sector of the business community. With that in mind, the Federation is committed in training advocates of development and innovations through knowledge by promoting fellowship among member schools.
 
The mother organization of NFJPIA is the Philippine Institute of Certified Public Accountants. It was founded in November 1929 by a group of illustrious pioneers in the accounting profession namely: Enrique Caguiat, Santiago dela Cruz, Francisco Dalupan, Jaime Hernandez, Felipe Ollada, Ramon del Rosario, Antonio Sanchez, Jose Torres, Artemio Tulio, Clemente Uson, and Jesus Zulueta.

   The group set forth the following objectives:

•               To promote and maintain high professional and ethical standards among accountants.
•               To advance the science of accounting.
•               To encourage cordial relations of those in the accountancy profession.

W. W. Larkin, holder of CPA Certificate No. 1 was the first President.
 
After having complied with the requirements for accreditation under Presidential Decree No. 223, PICPA was awarded the Certificate of Accreditation No. 6 on October 2, 1973 by then Chairman Eric Nubla of the Professional Regulation Commission (PRC). This distinction, which recognized the Institute as the bona fide professional organization of CPAs, likewise gave PICPA the responsibility of setting into motion a scheme for the integration of all CPAs in the country. Integration of the Accountancy Profession was carried out under PRC Resolution No. 106 dated July 12, 1984 as amended by Resolution No. 142 dated March 4, 1987.   With the election on December 2, 1988 of the new set of PICPA Board of Directors and Officers under the revised By-Laws of PICPA, all conditions of integration were fulfilled, and on July 6, 1989, PRC Commissioner Julio B. Francia declared that the integration is now accomplished.

The Philippine Institute of Certified Public Accountants continues to perform its avowed mission  that of serving all fields of accountancy through a set of social and technical services to its members including NFJPIA (through Mr. Gerard B. Sanvictores and Dr. Raul C. Addatu, Chair and Co-Chair of the Committee on Students Participation). To date, NFJPIA has more than 47,000 members distributed among its 275 accredited local chapters nationwide. Through the years, the organization has received special citations from PICPA, its mother organization, and various accounting firms. In 1998, during the convention of the ASEAN Federation of Accountants held in Manila, NFJPIA has been recognized for its invaluable contributions during the convention. In the Federation Year 1998-1999, NFJPIA received a Diamond Year Award from PICPA, for its support in the fulfillment of its objectives to strengthen the bond between JPIA and PICPA.

NFJPIA continues to organize seminars, symposia, workshops, conferences, quiz bowls, and other interscholastic functions through its Regional Councils and National Conventions. It has likewise sponsored parties, concerts, sports fests, and other projects intended to achieve its maiden objectives. But more importantly, NFJPIA, has heeded the call of social responsibility and civil consciousness by extending to the key members of society trapped in the bondage of destitution  the youth.

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