To serve all Filipino CPAs in U.A.E. in any field of practice – public accounting, government, business and industry, education.
- To protect and enhance the credibility of the CPA certificate in the service of the public;
- To maintain high standards in accountancy education;
- To instill ideas of professionalism, ethics, and competence among accountants; and
- To foster unity and harmony among its members.
Let us have a brief retrospect of the Philippine Institute of Certified Public Accountants (PICPA) national organization before we delve with the formation of the Dubai Chapter. The Institute was founded in November 1929 by about 50 CPAs with the objective of promoting the advancement of the Accounting profession, identify their group distinctively to the business community, and attain greater unity among them. Its first president was W.W. Larkin, a public practitioner. Over the decades, the association has undergone an impressive growth in terms of members and in variety of services leading to the creation of regional and sectoral chapters. The CPAs through the years have been in affiliation with allied fields, namely commerce and industry, government service, business education and public practice.
The set of chapters proliferated beyond the Philippines as Filipino CPAs migrate to and work in foreign countries – and PICPA Dubai Chapter is one of them…
The Chapter was conceptualized by eight CPAs working in Dubai in late 1993 – the first meeting was held in November 1993 at the OWWA Office and was attended by Galicano D. Agustin (who became the first President), Paul Ersando, Emiliano D. Dungca, Diosdado M. Bancoro, Teresita M. Perez, Analyn Ambata, Fernando B. Cruz and Efren Atienza (past President of the Batangas chapter). Efren Atienza shared his past experience and guided the group on various formalities and requirements of organizing the chapter. During that time, there were only few Filipino CPAs in the UAE so the group decided to put advertisement in leading newspaper – calling all Filipino CPAs to join the weekly organizational meetings. The announcement was likewise made at the office of the Philippine Embassy in UAE and in most favourite hangouts of Filipinos.
The rest of the founding members – Sammy V. Trinidad, Dante F. Guiang, Edgardo N. Picache, Eduard T. Gutierrez, Myrna T. Aldeguer, Virginia S. Quintos, Jose M. Veloso, Jun C. Tiu, M.C. Tiu, Edelyn de Lemos, Ricardo A. Ayuyao and Reynaldo A. Ayuyao – then joined the first group to meet the minimum requirement of 20 members to formally organize the chapter. The application was sent to the National Office on December 7, 1993 and formal accreditation took place in February 1994.
Thereafter, the membership grew ardently as more CPAs in Dubai and neighboring Emirates joined in. During the passing years, the Chapter has accumulated an enviable record of noteworthy accomplishments. It was able to activate the CPAs in the Emirates, conducted appropriate seminars for professional advancement of members and have been supportive in various social and civic projects of the Philippine Embassy in the UAE. The chapter can likewise be proud of its own newsletter “CPAG” and of course the holding of the First PICPA Middle East Conference in April 1997.
Year 2002 was a very remarkable year for PICPA Dubai as many activities and projects were implemented – the acceptance of accountants who are not CPAs as Associate Members, the launching of its website, the holding of Accounting for Non Accountants crash course and the hosting (for the second time) of the 4th PICPA Middle East Conference, which paved the way for the formation of the PICPA Middle East Regional Council. PICPA Dubai, indeed, proved itself as not just an existing, but also a living organization, according to 2002 National President Carlito Fuentesfina (who was the guest speaker of the Middle East conference).
The PICPA-Dubai Chapter is now a byword in the Filipino community in the UAE and fast becoming in the Middle East.