SAN JUAN – The College of Certified Public Accountants (CCPA) asked Governor Wanda Vázquez Garced on Tuesday to appoint a CPA as the Comptroller of Puerto Rico.
“By constitutional mandate, the Comptroller of Puerto Rico has the ministerial function of overseeing all income, accounts and disbursements of the State, its agencies and instrumentalities, as well as of the municipalities, to determine if they have been done in accordance with the law and with the generally accepted accounting standards for government entities ”, stated in written statements the Colegio de CPA.
“Since 1978, with the exception of two years of internship, the position of Comptroller has been held continuously by a Certified Public Accountant (CPA) because his academic preparation, professional education, experience and qualifications are suitable, if not necessary, to fill this important position. The history written during those four decades has shown that the expertise of an experienced CPA is key to successfully exercising the position of Controller given the technical rigor and commitment that such position requires, ”added the professional entity.
“In addition to the professional attributes that an experienced CPA brings to the table, CPAs in general are distinguished by their excellence and professional ethics, as well as the quality of their services. In addition, they have to meet strict continuing education requirements to ensure their professional competence at all times. For this reason, many of them have held, and to this day hold, senior managerial positions in the Government of Puerto Rico, ”the CPAs highlighted.
“This is why, and in accordance with the Resolution approved in the General Assembly of the CPA College on September 5, 2020, the Governing Board of the College of Certified Public Accountants requests the Governor and the Legislative Assembly that the next person named and confirmed as Comptroller of Puerto Rico be a Certified Public Accountant (CPA) ”, concluded the College of CPA.
The office of Comptroller of Puerto Rico has a term of 10 years.
On Monday, in a Noticel report, it was reported that Vázquez Garced was about to appoint his secretary of public affairs, Osvaldo Soto, to the position of Comptroller of Puerto Rico.