Vol 4 issue 1 (June 2010-October 2010)

CPA board of examiners appoints USPF alumnus as member

A felicitation and testimonial ceremony is given in honor of the newly appointed member of the Certified Public Account (CPA) board of examiners USPF alumnus Luis A. Cañete on June 25, 2010 at the USPF Theater for the Performing Arts.

Trustee Geronimo Sta. Ana formally opened the ceremony. Student leader Mr. Joseph Angelo Mancera, PICPA president-elect Atty. Ria Lidia G. Espina, USP-AAI president Atty. Isaias Giduquio, and university president Dr. Alicia P. Cabatingan gave their felicitations.

Cañete gave his testimony as USPian, recalling how the university goaded him to be the man he is now. In his testimonial speech, he brought the audience back to the challenges he encountered as a young boy and how he came out a victor.  He is humbled by the opportunities given him and shared his gratitude to USPF, his alma mater.  Trustee Engr. Rolando Villa gave the closing remarks.

In a nutshell. Cañete graduated high school class valedictorian at Southern College (now Bantayan Southern Institute) Bantayan, Cebu in March 1956.  Thereafter, he proceeded to study Bachelor of Science in Commerce here at the University of Southern Philippines Cebu, graduated Magna Cum Laude in March 1960, and passed the CPA board examination in October of the same year.  He pursued Master of Business Administration at the University of the Philippines here in Cebu and graduated in April 1971.

A resource speaker in several national conferences, Cañete found fulfillment in transferring his knowledge and expertise. He lectured and became a CPA reviewer here at USPF in the ‘60’s to the early ‘70’s.  He then went to being a senior lecturer in management for the graduate school program at UP-Cebu for nine years.

Numerous professional honors are given to Cañete including Golden Jubilee Outstanding Alumnus Awardee in the field of Accounting by BSI in Feb 1995, Outstanding CPA in Public Practice awardee by PICPA in Nov 1998, and voted Outstanding Alumnus by USP-AAI in Feb 2003.

In addition, professional affiliations spoke of Cañete’s leadership including president of Rotary Club of Cebu Lahug (RY 1990-1991; RY 2003-2004), national director of the Association of Certified Public Accountants in Public Practice (1988-1989; 1998-2000; 2005-2006; 2009-2010), president of PICPA Cebu chapter in 1999, and president of USP-AAI (2005-2008).

Furthermore, work experience harnessed Cañete to his present post as full time CPA practitioner and head of the Luis Cañete and Company, CPAs, a former correspondent firm of KPMG/Fernandez, Santos and Lopez from 1991-1998, and now a Philippine member firm of the U.K. based multinational association of independent accounting practices, Kingston Sorel International.

Cañete is married to alumna Carmencita Y. Sanchez with eight children Indira Deanna, Eleanor Elka, Patricia Sheila, Karina Lourdes, Konrad Karl, Edward Oliver, Andrew John and Luis Gerardo, Jr.