The effectiveness of continuing professional development on the enhancement of certified public accountants' competence: A convergent parallel mixed-methods study

• Main Author: Calixto, Roxanie C.
• Format: text
• Language: English
• Published: Animo Repository 2020
• Subjects: Accountants—Education (Continuing education)—Philippines; Accounting
• Online Access: https://animorepository.dlsu.edu.ph/etdm_acc/9; https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1008&context=etdm_acc
• Institution: De La Salle University

In order to catch up with the increasing demands of the accountancy practice, the Professional Regulatory Board of Accountancy (PRBOA) issued BOA Resolution No. 358-2016 which provides for the gradual increase of the continuing professional development (CPD) unit requirement for CPAs from 60 to 120 units and the shift from thematic to competency-based CPD framework. This study determines the effectiveness of engaging in CPD seminars on the enhancement of the competences and skills of accountants. CPD’s effect on competence is assessed based on how it effectively helped accountants in enhancing the specific knowledge and skills set forth in the Core Competency Framework for Entry to the Philippine Accountancy Profession. With the data collected from 142 accountants, the quantitative analyses were conducted using Partial Least Squares Structural Equation Modelling (PLS-SEM) and Partial Least Squares Multi-Group Analysis (PLS MGA). Using qualitative descriptive methods, a qualitative analysis was conducted in order to have an in-depth understanding of the perceived impact and effectiveness of CPD grounded from the participants own experiences with CPD seminars. Moreover, the application of convergent parallel mixed- method design allowed the researcher to merge the results of both the quantitative and qualitative analysis which helped develop a comprehensive framework on CPD and its effect on accountants’ competences.