MISSION STATEMENT:

The purpose of the GBA, per its enabling legislation (22 GCA Section 35102), is as follows:

“It is the policy of Guam, and the purpose of this Chapter, to promote the reliability of information that is used for guidance in financial transactions or for accounting for or assessing the financial status or performance of commercial, noncommercial, and governmental enterprises.”

“The public interest requires

that persons professing special competence in accountancy or offering assurance as to the reliability or fairness of presentation of such information shall have demonstrated their qualifications to do so, and

that persons who have not demonstrated and maintained such qualifications, not be permitted to represent themselves as having such special competence or to offer such assurance;

that the conduct of persons licensed as having special competence in accountancy be regulated in all aspects of their professional work;

that a public authority competent to prescribe and assess the qualifications and to regulate the conduct of licensees be established; and

that the use of titles that have a capacity or tendency to deceive the public as to the status or competence of the persons using such titles be prohibited.”

Functions and Purpose of Boards of Accountancy

The primary responsibility of the boards of accountancy is to protect the public interest. The boards of accountancy fulfill that responsibility through many activities, including setting entry-level requirements for CPAs and ensuring that CPAs maintain continued competency. The authority to qualify candidates to take the Examination, administer the Examination, and issue grades and ultimately the CPA certificate rests with the boards of accountancy. To carry out these responsibilities while maintaining security, uniformity, and high-quality service, boards of accountancy:

• Administer the Examination only within the geographic boundaries of the 54 United States jurisdictions that use the Examination.
• Administer the Examination generally in accordance with NASBA's Uniform CPA Examination Administration Procedures Manual, which includes AICPA administration requirements.
• Advise the Board of Examiners of any grade changes.
• Allow the NASBA CPA Examination Review Board to review and observe the administration of the Examination.

(from the 1998 Uniform CPA Examination Annual Report, AICPA)

Staff of Guam Board of Accountancy and contact e-mails:

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