Palawan State University (PSU) has hit a record low of having only four passers in the recent Certified Public Accountant Licensure Examination (CPALE).
The Board of Accountancy (BOA) late Monday evening announced the result of the 2019 CPALE producing 2,075 new CPAs out of 14,492 takers yielding to 14.32% national passing rate.
PSU had zero passers among its 21 first-takers (0%) and only 4 from its 19 second-takers (21.05%).
PSU president Dr. Ramon Docto said that this year’s result was based on the BOA’s tightened national standard.
“Mahirap daw ang exam ngayon. We continuously provide quality education sa Palawan but there are forces we can’t control,” Docto said.
Docto immediately called the attention of the College of Business and Accountancy (CBA) dean and the vice president for academic affairs (VPAA) for a “catchup plan”.
“We plan to integrate review classes for all fourth-year subjects and include pre-board para mas ma-prepare natin yung mga takers natin,” Docto said.
The administration also plans to strictly implement their “retention policy” where accountancy students are expected to maintain 2.0 grade for all major accounting subjects.
“May mga parents na ayaw, pero lahat ng paraan gagawin natin para ma-address itong concern na ito. Yung ibang CPAs sa administration (citing university accountants and budget officers) will also have to teach at least two subjects para naman makatulong sa pag-control ng ating passing rate,” Docto said.
According to a study done by Peterwille Chua in 2018, PSU has consistently produced CPALE passers above the national passing percentage because of its retention policy that was strictly implemented during the late 1990s.
The full list of 2019 CPALE passers here: https://www.prc.gov.ph/article/october-2019-certified-public-accountant-licensure-examination-results-released-six-6.