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Jul 30, 2010
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IAESB Releases Paper on Education Assessment Practices
The International Accounting Education Standards Board (IAESB), an independent standard-setting board supported by the International Federation of Accountants (IFAC), has released an International Education Information Paper to help professional organizations conduct written examinations to assess the capabilities and competence of candidates for qualification.
The information paper is intended to help member bodies implement International Education Standard (IES) 6, Assessment of Professional Capabilities and Competence, issued in October 2003, and covers the many policies and procedures to develop, administer and grade these written examinations. The paper is especially useful to developing organizations that need to make decisions on assessment practices for their education programs.
The paper provides an overview of the policies concerned with the development and administration of examinations, including “high stakes” examinations that lead to qualification as a member of a professional organization. It also includes examples of the processes and procedures that member bodies use to deliver reliable and valid assessments, including appropriate elements of quality control.
"IFAC member bodies have a public interest obligation to ensure that candidates are able to demonstrate competence upon entry to membership," states Mark Allison, IAESB Chair. "There are various methods used to assess candidates throughout the education process; however, written examinations continue to be an important assessment method. This information paper is intended to help member bodies evaluate their current approach and follow good practices that suit their environment and circumstances."
“We expect professional organizations outside accounting to also be interested in this paper,” continued Allison. “Many of the objectives and challenges of developing and administering a final written examination exist in other professions, both regulated and unregulated.”
The International Education Information Paper can be found online at http://web.ifac.org/publications/international-accounting-education-standards-board/adoption-implementation-r.
About the IAESB and IFAC
The IAESB (www.ifac.org/education) develops education standards, guidance and information papers 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.
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.