Towards Competent Professional Accountants - Completed

Background

The goal of accounting education is to produce competent professional accountants who are capable of making a positive contribution over their lifetimes to the profession and society in which they work. This paper, IEP 2, Towards Competent Professional Accountants, draws the different methodologies to competence adopted around the world and offers guidance on how member bodies can take a competence-based approach to determining their qualification requirements.

The paper identifies the objectives of the competence-based approach, defines competence, describes different types of statements of competence, and offers guidance to member bodies on how to conduct their own competence studies.