The International Accounting Education Standards Board has begun a new project to improve the relevancy, clarity and consistency of its standards along with their applicability to members and associates of the International Federation of Accountants.
The IAESB, which operates under the auspices of IFAC, is proposing a revised
The proposed framework consists of four parts. Part One identifies the purpose and scope of the framework. Part Two explains the educational concepts of professional competence, learning outcomes, general education, initial professional development, continuing professional development, and assessment and measurement used in the process of determining the effectiveness of learning and development, which will be used by the IAESB when developing the International Education Standards.
Part Three describes the nature of the standards and related IAESB publications. Part Four outlines IFAC member body obligations relating to the education standards.
The framework is mainly targeted at IFAC member bodies that have direct or indirect responsibility for the learning and development of their members and students. In the U.S., the American Institute of CPAs is an IFAC member body. The IAESB noted that the framework also is relevant to a wide range of stakeholders, including accounting faculties at universities, employers of professional accountants, professional accountants, prospective professional accountants, and others interested in the work of the IAESB.
“Our objective with this framework is to improve the understanding and application of the principles and concepts that underlie the International Education Standards,” said IAESB chair Peter Wolnizer in a statement. “The framework will assist those responsible in designing, developing, and assessing professional accounting education for current and aspiring professional accountants.”
As part of its initiative to improve the clarity of its standards, the IAESB is redrafting all eight of its International Education Standards in accordance with its new drafting conventions. The IAESB has completed the revision of IES 1 to 6 and the redrafting of IES 7. Under the current timetable, the IAESB anticipates that the revision of its final standard, IES 8, will be completed by the fourth quarter of 2014.
The IAESB is inviting stakeholders to comment on its proposals. To access an exposure draft of the framework and submit comments, visit the
