IES 1, Entry Requirements to Professional Accounting Education
Proposed Revised International Education Standard

This memorandum provides background to, and an explanation of, the proposed International Education Standard (IES) 1, Entry Requirements to Professional Accounting Education, approved for exposure by the International Accounting Education Standards Board (IAESB) at its May 2011 meeting. 

The current version of IES 1 was published in May 2004 and became effective on January 1, 2005. IES 1 prescribes the entry requirements for an IFAC member body's program of professional accounting education and practical experience. 

Submitted Comment Letters

1. Chartered Accountants Ireland (Ireland)
September 12, 2011

2. AAT (United Kingdom)
September 15, 2011

3. EFAA (Belgium)
September 19, 2011

4. The Japanese Institute of Certified Public Accountants (Japan)
September 19, 2011

5. Ernst & Young LLP (United States)
September 20, 2011

6. Far (Sweden)
September 20, 2011

7. Institute of Certified Public Accountants in Ireland (Ireland)
September 20, 2011

8. ACCA (United Kingdom)
September 21, 2011

9. AICPA (USA)
September 21, 2011

10. BDO (Belgium)
September 21, 2011

11. CGA - Canada (Canada)
September 21, 2011

12. CICA (Canada)
September 21, 2011

13. CMA Canada (Canada)
September 21, 2011

14. CPA Australia (Australia)
September 21, 2011

15. Consiglio Nazionale Dottori Commercialisti and Esperti contabili (Italy)
September 21, 2011

16. Deloitte Touche Tohmatsu Limited (United States)
September 21, 2011

17. HKICPA (Hong Kong)
September 21, 2011

18. Institute of Certified Public Accountant of Rwanda (ICPAR) (Rwanda)
September 21, 2011

19. Institute of Certified Public Accountants of Singapore (Singapore)
September 21, 2011

20. Institute of Chartered Accountants in Australia (Australia)
September 21, 2011

21. KICPA (Korea)
September 21, 2011

22. NZICA (New Zealand)
September 21, 2011

23. PricewaterhouseCoopers LLP (United Kingdom)
September 21, 2011

24. Ramachandran Mahadevan, CA (India)
September 21, 2011

25. The Institute of Chartered Accountants in England and Wales (United Kingdom)
September 21, 2011

26. The Institute of Chartered Accountants of Scotland (United Kingdom)
September 21, 2011

27. The South African Institute of Chartered Accountants (South Africa)
September 21, 2011

28. The South African Institute of Professional Accountants (South Africa)
September 21, 2011

29. FEE (Belgium)
September 22, 2011

30. ICAB (Bangladesh)
September 22, 2011

31. The Chartered Institute of Public Finance and Accountancy  (United Kingdom)
September 29, 2011

32. Independent Regulatory Board for Auditors (South Africa)
October 3, 2011

33. Instituto de Censores Jurados de Cuentas de España (ICJCE) (Spain)
October 3, 2011

34. Professional Oversight Board (United Kingdom)
October 3, 2011

35. Institut der Wirtschaftspruefer in Deutschland e.V. (IDW) (Germany)
October 7, 2011

36. Denise Silva Ferreira Juvenal (Brazil)
October 13, 2011

37. KMPG (Canada)
October 13, 2011

38. The Chinese Institute of Certified Public Accountants (China)
November 1, 2011

Related Resources

• Handbook of International Education Pronouncements 2010 Edition
• IES 2, Initial Professional Development-Technical Competence
• IES 3, Initial Professional Development- Professional Skills
• IES 4 Initial Professional Development-Professional Values, Ethics, and Attitudes (Proposed Revision)
• IES 8, Professional Development for Engagement Partners Responsible for Audits of Financial Statements