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Jun 26, 2008
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IFAC's International Accounting Education Standards Board Addresses Measurement of Continuing Professional Development
The International Accounting Education Standards Board (IAESB), an independent standard-setting board within the International Federation of Accountants (IFAC), has released a new information paper to assist IFAC member bodies and other stakeholders in developing effective continuing professional development (CPD) programs for professional accountants. Entitled Approaches to Continuing Professional Development (CPD) Measurement, the paper explains the elements of an effective CPD program, examines current practices by accountancy and other professional associations, and discusses approaches to measure a program's effectiveness.
"The paper is the result of a wide-ranging international research project into continuing professional development across a number of professions, and it is intended to stimulate discussion and debate on the subject of measuring CPD," states IAESB Chairman Henry Saville. "In addition to IFAC member bodies, the findings in the paper will be of interest to current and future professional accountants, regulators, educators, CPD providers, and employers seeking to implement CPD programs for professional accountants."
The IAESB commissioned the Professional Associations Research Network to conduct research on measuring CPD and to prepare this information paper. The paper introduces a four-phase CPD model - covering planning, action, results, and reflection - that IFAC member bodies and other professional associations may use to improve the effectiveness of their CPD programs. Case studies and profiles are included to provide practical examples, and recommendations are provided that may assist IFAC member bodies and others in evaluating various approaches to measuring CPD.
The information paper can be downloaded from the IFAC online bookstore at http://www.ifac.org/store. For more information on the work of the IAESB, visit its home page at http://www.ifac.org/education.
About the IAESB and IFAC
The IAESB, an independent standard-setting board within IFAC, develops standards and guidance on prequalification education, training, and continuing professional education and development for all members of the accountancy profession. The Public Interest Oversight Board oversees the activities of the IAESB and, as one element of that oversight, establishes its due process and working procedures.
IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 157 members and associates in 123 countries and jurisdictions, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. In addition to setting international education standards through the IAESB, IFAC, through its independent standard-setting boards, sets standards on ethics, auditing and assurance, and public sector accounting. It also issues guidance to encourage high quality performance by professional accountants in business.