September 1946. Granted independence only two months earlier and still prostrate from the effects of World War II, the Philippines , then a young Republic, was faced with a formidable task: that of rebuilding its institutions and rehabilitating its people. Seeing the great need to help young graduates become true professionals a group of educators led by Dr. Francisco T. Dalupan rented a room on Dasmari?as Street , Manila and conducted a CPA review class with only 110 students. It was a small but significant beginning, for in the CPA examinations of the following year, four of the 110 reviewees garnered top positions, while the rest did quite well.