The International Accounting Education Standards Board announced on Thursday that they have released new support materials on their revised International Education Standard (IES) 1, Entry Requirements to Professional Accounting Education Programs (2014).
The following are now available, intended to help firms and education providers understand and apply IES 1:
- A guidance paper on what should be considered in setting up educational requirements to professional accounting education programs, as well as information on interesting those considering a career as a professional accountant;
- Frequently Asked Questions on terminology and concepts contained in IES 1;
- An illustrative example of factors to consider when setting educational entry requirements to accounting education programs;
- Perspectives on IES 1 covering a range of factors that can influence an individual’s completion of accounting education programs.
“IES 1 sets out an inclusive approach to the accounting profession, such that entry requirements target admittance to those with a reasonable chance of successfully completing the professional accounting education program,” stated Chris Austin, Chair of the IAESB. “Organizations, therefore, need to consider thoughtfully what factors contribute to successful completion, such as individual and environmental factors, in order to attract and retain individuals of the highest caliber and potential.”
For more on the support material and the IES, head to IFAC's site here.