Section 4
SEC. 4. Section twelve of Act Numbered Thirty-one hundred and five, as amended by Acts Numbered Thirty-two hundred and sixty-four, Thirty-three hundred and two, and Thirty-four hundred and one, is further amended so as to read as follows: "SEC. 12. Any person who has been engaged in professional accountancy work in the Philippine Islands for a period of five years or more prior to the date of his application, and who holds certificates as certified public accountant, or as chartered accountant, or other similar certificates or degrees in the country of his nationality, shall be entitled to registration as certified public accountant and to receive a certificate or registration as such certified public accountant from the Board, Provided such country or state does not restrict the right of Filipino certified public accountants to practice therein or grants reciprocal rights to Filipinos and, provided that application for their registration shall be filed with the Board not later than December 31, 1938."