The IAESB develops and issues, in the public interest, standards and guidance on the learning and development required to develop and maintain competence over the career of a professional accountant. The IAESB also acts as a catalyst to bring together developed and developing nations, as well as nations in transition, and to assist in the advancement of professional accountancy education programs worldwide, particularly where this will support economic development.
The IAESB follows a rigorous due process in developing its pronouncements. Input is obtained from the IAESB’s Consultative Advisory Group (CAG), regulators, IFAC member bodies and their members, other professional accountancy organizations, and the general public. Exposure drafts of proposed pronouncements are posted on the website and comments are invited; final pronouncements are accompanied by a basis of conclusions with respect to comments received. The Public Interest Oversight Board (PIOB) oversees the work of the IAESB and its CAG to ensure that the activities of the IAESB follow due process and are responsive to the public interest.
The IAESB is dedicated to operating as transparently as possible. IAESB meetings are open to the public and agenda papers, background documents and meeting summaries are posted on the website. In addition, the website includes project histories, IAESB exposure drafts and all comments made on those drafts by regulators, firms, standard setters, and others.