ON March 17, the Board of Accountancy in collaboration with the Philippine Institute of Certified Public Accountants and other sectoral organizations celebrate the centenary of the accountancy profession in the country. It is the culmination of the year-long celebration which was launched on March 17, 2022. Organizers adopted "Celebrating the Past, Transforming the Present, Shaping the Future" as theme of the centennial celebration.

Accounting is defined as the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results (https://www.merriam-webster.com/). It plays an important role not only in business but in government as well as enables government to monitor and control its resources in the most efficient way.

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