The International Accounting Education Standards Board has published for comment an exposure draft of its proposed 2014-2016 IAESB Strategy and Work Plan.

The proposed strategy and work plan explains how the IAESB works through International Federation of Accountants member bodies to achieve its objective of serving the public interest by establishing a series of high-quality standards and other publications  reflecting good practice in the education, development, and assessment of professional accountants.

The document also explains how the IAESB, which operates under the auspices of IFAC, will promote the adoption and implementation of International Education Standards, developing education benchmarks for measuring the implementation of the accountant education standards and advance international debate on emerging issues relating to the education, development, and assessment of professional accountants.

The IAESB’s proposed strategy focuses on projects and activities aimed at providing adoption and implementation guidance on the revised International Education Standards to interested stakeholders in professional accounting education. This will assist IFAC’s member bodies in increasing the capacity and capability of the global accountancy profession, contributing to strengthened public trust.

“Accounting education remains a fundamental pillar in improving the quality of reporting and auditing financial statements, and continues to be needed by professional accountants to serve the public interest,” said IAESB chair Peter Wolnizer in a statement. “The aim of the 2014-2016 IAESB Strategy and Work Plan is to provide guidance on implementing requirements that are needed to develop high-quality professional accounting education programs.”

The IAESB is proposing its work be directed by three priorities, beginning in 2014: establishing and developing International Education Standards and pronouncements; engaging stakeholders and promoting the adoption and endorsement of the revised IES; and supporting and providing guidance to facilitate the implementation of the revised IES.

Organizations and individuals with an interest in professional accounting education are invited to respond to the IAESB’s proposals for its strategic direction, projects and activities for the next three years.

The IAESB is inviting all stakeholders to comment on its proposals. To access the exposure draft and submit comments, visit the IAESB’s Web site at Comments are requested by Oct. 4, 2013.

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