Tuesday, February 9, 2016

Sunday, January 24, 2016

SENATE BET PAEZ TO FINISH HOUSE TERM





Coop-Natcco Party-list Congressman Cresente "Mr. Co-op" Paez, who is seeking a Senate seat as an independent, said that he should not be included in the list of party-list members of the House of Representatives, who may be deemed resigned for shifting affiliation during his or her term.



The independent senatorial candidate, who has been adopted by the Liberal Party-Daang Matuwid, said he remains with the Coop-Natcco Party-list.



This issue surfaced after Harry Roque, an independent senatorial candidate allied with the Grace Poe-Chiz Escudero tandem pointed out that Gabriela Rep. Luz Ilagan is deemed resigned from Congress because she will be running under Hugpong sa Tawong Lungsod political party, led by Davao City Mayor Rodrigo Duterte.



The Manila Times, in a story last Friday (January 22, 2016) listed Paez as among the 11 party-list representatives similarly situated with Ilagan.



Although he is adopted in the Daang Matuwid-Liberal Party senatorial slate, Paez filed his Certificate of Candidacy as an independent.



The Daang Matuwid-Liberal Party though has inked a memorandum of understanding (MoU) last November 30, 2015 to campaign together and support each other's advocacy.



During the signing of that MoU held at the LP headquarters in Cubao, Quezon City, House Speaker Feliciano Belmonte was quoted as saying that the Daang Matuwid-LP would benefit from their alliance with Coop-Natcco and the cooperative movement in general, "kasi cooperatives are already organized and the Daang Matuwid-LP can directly address its message to you as a group," Belmonte was quoted as saying.



According to Jose Romeo Ebron, chief of staff of Paez in the House of Representatives, Congressman Paez is set to finish his last term as Coop-Natcco Party-list representative in the 16th Congress.



LP presidential bet Mar Roxas has assured Paez he will personally campaign for the cooperative leader as he shares the advocacy of cooperatives.



The candidacy of Paez is supported by the Philippine cooperative movement which claims to have 13 million members from around 25, 000 cooperatives registered with the government's Cooperative Development Authority.



Aside from the inclusion in the administration's Daang Matuwid-LP senatorial slate, the cooperatives organized the Coalition of Cooperatives' Party (CCP) to push the senatorial candidacy of Paez.



Paez has been endorsed by the Party-list Coalition at the House of Representatives.  The Party-list Coalition, which has 40 members in the 16th Congress got around 14 million votes in the 2014 election.  The cooperative block in Congress composed, of Coop-Natcco, which has two seats; Agap also with two seats; Butil, 1Care and Ating Koop, each with one seat, has combined votes of around 3 million in the last election.  The Association of Philippine Electric Cooperatives (APEC) used to be a member of the cooperative bloc, but failed to get a seat in the 16th Congress.



Major primary cooperatives are also behind the CCP.  It, though, is not yet registered with the Commission on Elections.


Reprinted from a report by Bencyrus Gerona Ellorin

Saturday, January 23, 2016

NEW RULES FOR CO-OP CPAs





The Certified Public Accountant (CPA) employed or tasked by an entity (including a cooperative) to prepare its Financial Statements (FS) and Notes to the FS, is required by the Professional Regulatory Board of Accountancy (PRBoA) to comply with additional regulations.



First, the PRBoA requires the submission of a Certificate, to be prepared and signed by the CPA, that he/she/it prepared the FS and Notes to the FS, after having been employed/tasked to assist management in the preparation and presentation of the latter's financial information.



Under PRBoA Resolution No. 3, series of 2016, done on January 19, 2016, the CPA preparing the FS, Notes to the FS, and the Certificate, shall first be accredited by the PRBoA, for this purpose.



As such, the CPA shall apply with PRBoA for accreditation, not later than February 29, 2016, and shall comply with the Continuing Professional Development requirements, as prescribed in existing rules and regulations, not later than June 30, 2016, and after signing the corresponding Affidavit of Undertaking to that effect, the Resolution said.



The Resolution also emphasized that the preparation of an entity's financial information in accordance with the applicable financial reporting framework and reports, as required by accounting and auditing standards, is the job of the CPA.



Moreover, the CPA preparing these documents shall either be (1) CPA/s employed by he organization (CPA employee), or (2) CPA/s contracted by the organization to perform said service.



If the contracted CPA shall be preparing the FS and Notes to the FS, (and Certificate), said CPA shall NOT be the External Auditor/CPA who shall be rendering the attest services to the organization.



Upon conviction, violators shall be fined of not less than P50, 000.00, or by imprisonment for a period not exceeding two years or both, without prejudice to administrative sanctions, including possible  cancellation of the CPA license.



The forms/format for the Certificate, Affidavit of Undertaking, Application Form and requirements, etc., including a copy of the Resolution may be downloaded at boa.com.ph/wp-content/uploads/2016/01/Reso-requiring-certificate-by-the-CPA.pdf


(END). 

Friday, January 22, 2016

CRES PAEZ, PA-SENADO, KINILALA





"...And of course, hinuli ko para bigyan ako ng konting panahon para kilalanin siya at muling sabihin sa inyo 'yung napakaganda, na nagawa na niya para sa ating movement, sa ating kooperatiba.



Una ko siyang nakilala, baguhan akong kongresista.  Siya naman, partylist.  Pinakaunang pagkakataon na magkaroon ng partylist sa Kamara de Representante.  Iilan lang ang partylist na merong kinatawan.



Subali't sa hanay ng kooperatiba, nagkaisa kayo.  Naging united kayo.  At kahit iilan lang, 25 lang 'ata ang nakapasok sa Kamara de Representante, ang hanay ng kooperatiba ay nakapagdala ng isang kinatawan na magdadala doon ng inyong boses, at masasabi ko sa inyo, napakalaki ng boses niya doon, dahil sa pinakikinggan siya at napakaepektibo ng kanyang advocacy, para sa hanay ng kooperatiba



Palakpakan po natin si "MR. CO-OP" Cres Paez.



At hindi lang iyon.  Sana ipagpatuloy natin ang ating suporta, para kung ngayon mayroon nang tinig ang hanay ng kooperatiba sa Kamara de Representante, ang pangarap natin magkaroon din ng tinig ang hanay ng kooperatiba sa Senado ng ating Republika,.



CRES PAEZ, para sa pagka-Senador.  Palakpakan po natin...



Mahalagang-mahalaga po ito.  Bakit?  Alam naman po natin, di ho ba, na ang batas ay dumadaan sa Kamara de Representante, at dumadaan din sa Senado.  Eh, mabilis ang pagtutok sa pangangailangan ng kooperatiba kung mayroong tinig sa Kamara, at mayroon ding tinig sa Senado.  



Kaya po lahat po tayo dito...eh, kung bawa't isa sa atin ay mangumbinsi ng lima, na sumuporta kay CRES PAEZ, at sa ating mga Senador, eh, sigurado mga Senador na ang mga ito, at hindi nila makakalimutan ang tulong ng kooperatiba sa kanilang pagiging Senador.



Alam mo, CRES PAEZ, at sa hanay ng kooperatiba, malugod ko pong tinanggap ang inyong pasasalamat.  Subali't hindi po kami ang dapat pasalamatan.  Hindi po si Mar Roxas, o ang Partido Liberal, ang dapat pasalamatan.



Ang dapat pong pasalamatan ay ang hanay ng kooperatiba, ang movement ng kooperatiba, na nagpakita naman na karapatdapat lamang na magkaroon dapat ng tinig sa Senado.



Mabuhay ang cooperative movement ! ..."


(Sinipi mula sa bahagi (excerpts) ng talumpati ni Mar Roxas sa Coop-Natcco event sa Lapu-lapu City, Cebu, Dec. 16, 2015) 
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