Is the Philippines producing enough CPAs?

THE results of the May 2026 Certified Public Accountant Licensure Examination (CPALE) again raises the question about the future of the accounting profession. Out of 9,745 examinees, only 3,004 passed, or a passing rate of 30.83 percent. While we congratulate the new certified public accountants (CPAs), the results also mean that nearly seven out of 10 examinees did not make it through one of the country’s most challenging licensure examinations. As someone who has spent nearly two decades