The International Federation of Accountants plans to enhance the international education standards for accountants over the next two years to make financial reporting more reliable.
The International Accounting Education Standards Board, which operates under the auspices of IFAC, has issued a Strategy and Work Plan for 2010-2012 with a focus on enhancing International Education Standards for accounting and providing guidance for adoption and implementation of the standards. The work will assist accounting organizations, regulators, employers, academics and students by prescribing principles for the learning and development of professional accountants.
By continuing to enhance standards in international accounting education, we are contributing to the reliability of financial reporting, said IAESB chair Mark Allison in a statement.
According to the strategy, the board plans to focus in the next two years on revising and improving the clarity of the education standards; developing implementation guidance and quality control measures for education providers; and promoting greater awareness among academics, regulators and others of the IAESBs pronouncements and its role in advancing international debate on emerging issues relating to the development and assessment of professional accountants.
The IAESB 2010-2012 Strategy and Work Plan is available at www.ifac.org/education.
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