The Guam Board of Accountancy (GBA) is an agency of the Government of Guam, located in the Pacific Island American Territory of Guam. GBA is a member of the National Association of State Boards of Accountancy (NASBA) and administers the national Certified Public Accountants examination produced by the American Institute of Certified Public Accountants (AICPA). GBA is responsible for maintaining professional standards and practices to safeguard the public interest, through certifying, licensing, and/or regulating all Certified Public Accountants practicing in the Territory of Guam.
Board Members of the Guam Board of Accountancy
Purpose and Functions of the Board of Accountancy
It is the policy of the Territory of Guam, through the Guam Accountancy Act of 2003, and the purpose of the Guam Board of Accountancy (GBA) 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 Government of Guam believes that the public interest requires that persons professing special competence in accountancy or offering assurance as to the reliability or fairness of presentation of accounting or financial information must demonstrate their qualifications to do so. Persons who have not demonstrated and maintained such qualifications will not be permitted to represent themselves as having such special competence or to offer such assurance.
To fulfill its purpose, GBA is tasked to prescribe and assess the qualifications of licensees, to regulate the conduct of all persons licensed as having special competence in accountancy in all aspects of their professional work, and to prohibit 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.
GBA addresses these tasks primarily through establishing entry-level requirements for CPAs, qualifying candidates to take the national CPA Examination, administering the national CPA Examination, issuing candidates’ grades and ultimately certifying candidates as possessing the requisite professional skills to effectively practice public accounting in the Territory of Guam.
GBA further ensures the continued competency of all Guam licensed CPAs through Board oversight and approval of continuing professional education (CPE) sponsors and by requiring all CPA licensees practicing in Guam to meet annual CPE reporting requirements, including professional ethics education, as well as participation in tri-annual Peer Review Programs, as defined by the AICPA.