Press Releases/News Alerts, Press Releases
IAESB Strategy Focuses on Accounting Education Standards Development, Support
The International Accounting Education Standards Board™ (IAESB™) today released its Strategy for 2017-2021 and Work Plan 2017-2018. Approved by the Board at its November 2016 meeting and by the Public Interest Oversight Board during its February 2017 meeting, the Strategy and Work Plan reflects extensive consultation and valued feedback from a wide range of stakeholders.
Accounting education standards development is the centerpiece of a five-year strategy that also includes implementation support, a post-implementation review of existing standards, and strategic engagement and communication with the board’s stakeholders. The primary goal is to ensure that the accounting profession has the necessary skills to meet the ever-changing demands of business and the public sector, and thereby increase public confidence.
“I am confident that this strategy will serve the public interest well,” said Chris Austin, IAESB Chair. “I and the rest of the IAESB look forward to engaging with professional accountancy organizations, IFAC member bodies, professional accounting firms, and the academic community on this work plan and ambitious agenda.”
In 2017 and 2018, the IAESB will advance existing projects on continuing professional development and professional skepticism, start new work on information and communications technology and public sector accounting, and maintain the relevance of the International Education Standards™ by evaluating the evolving accountancy profession landscape and engaging a wide range of stakeholders.
In conjunction with the release of the Strategy and Work Plan, the IAESB has published a video overview with Mr. Austin describing the board’s focus for the next five years, and setting out how the work plan will help address the challenges the accountancy profession faces. A staff-prepared Basis for Conclusions, explaining the rationale for decisions, is also available.
About the IAESB
The IAESB develops education standards, guidance, and information papers for use by IFAC member organizations 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.
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 more than 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.