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(New York, New York, July 23, 2014) The International Accounting Education Standards Board™ (IAESB™) has undertaken a project that has improved the relevancy, clarity, and consistency of its standards as well as their applicability to International Federation of Accountants® (IFAC®) members and associates. The IAESB is proposing a revised Framework for International Education Standards (the “Framework”), which sets out the concepts that guide its International Education Standards™ (IES™). From an educational perspective, the Education Board is also proposing definitions on professional accountant and general education. The proposed Framework consists of four parts:
“Our objective with this Framework is to improve the understanding and application of the principles and concepts that underlie the International Education Standards,” said IAESB Chair Peter Wolnizer. “The Framework will assist those responsible in designing, developing, and assessing professional accounting education for current and aspiring professional accountants.” As part of its initiative to improve the clarity of its standards, the IAESB is redrafting all eight of its IESs in accordance with its new drafting conventions. The IAESB has completed the revision of IESs 1 to 6 and the redrafting of IES 7. Under the current timetable, the IAESB anticipates that the revision of its final standard, IES 8, will be completed by Quarter 4 of 2014. How to Comment The IAESB invites all stakeholders to comment on its proposals. To access the Framework Exposure Draft and submit comments, visit the IAESB’s website. Comments are requested by October 27, 2014. About the IAESB The IAESB 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. The structures and processes that support the operations of the IAESB are facilitated by IFAC. About IFAC 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. It is comprised of 179 members and associates in 130 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce. |
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Prepared by IFAC's Communications Department. Contact communications@ifac.org for further information.
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