IFAC's Education Standards Board Adopts New Strategy

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    Apr 07, 2010
    New York

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    IAESB

     

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    IFAC's Education Standards Board Adopts New Strategy

    The International Accounting Education Standards Board (IAESB) has issued its Strategy and Work Plan for 2010-2012, which focuses on enhancing the International Education Standards (IESs) and providing guidance for IES adoption and implementation. This work will assist IFAC member bodies, regulators, employers, academics, and students by prescribing principles for the learning and development of a professional accountant.The International Accounting Education Standards Board (IAESB) has issued its Strategy and Work Plan for 2010-2012, which focuses on enhancing the International Education Standards (IESs) and providing guidance for IES adoption and implementation. This work will assist IFAC member bodies, regulators, employers, academics, and students by prescribing principles for the learning and development of a professional accountant.

    "By continuing to enhance standards in international accounting education, we are contributing to the reliability of financial reporting," said Mark Allison, IAESB Chair. "The principal aim of the IAESB 2010-2012 Strategy and Work Plan is to clarify the obligations of those who are involved in the education, assessment, and development of professional accountants."

    The focus of IAESB activities will be on the following:

    • Revising the IESs in consideration of the IAESB's drafting conventions project, which compiled stakeholder feedback on improving the clarity of the standards;
    • Developing implementation guidance for the measurable implementation of the IESs, competency frameworks, and quality control measures for education providers; and
    • Promoting greater awareness among academics, regulators, and others of the IAESB's pronouncements and its role in advancing international debate on emerging issues relating to the development and assessment of professional accountants.

    The direction of further 2010-2012 activities will be based on the results of these three high-priority projects.

    The IAESB 2010-2012 Strategy and Work Plan can be downloaded free of charge from the Resources section of the IAESB site: www.ifac.org/education.

    About the IAESB
    The IAESB (www.ifac.org/education) develops education standards and guidance for use by IFAC member bodies under a shared standard-setting process involving the Public Interest Oversight Board, which oversees the activities of the IAESB, and the IAESB Consultative Advisory Group, which provides public interest input into the development of the standards and guidance. The structures and processes that support the operations of the IAESB are facilitated by IFAC.

    About IFAC
    IFAC (www.ifac.org) 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 159 members and associates in 124 countries and jurisdictions, representing more than 2.5 million accountants in public practice, education, government service, industry, and commerce.

     

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