Handbooks, Standards, and Pronouncements
Published: Mar 13, 2013
All available Translations
IES 5, Initial Professional Development—Practical Experience (Revised)
The revised IES 5, Initial Professional Development—Practical Experience, aims to assist educational organizations, employers, regulators, government authorities, and any other stakeholders who support the practical experience of professional accountants.
IES 5 recognizes that practical experience is relevant in developing the competence of an aspiring professional accountant. Additionally, it promotes greater flexibility in measuring practical experience; permits practical experience supervisors to direct, advise, and assist an aspiring professional accountant’s experience; and requires practical experience to be recorded in a verifiable and consistent form.
IES 5 is effective from July 1, 2015.
A staff-prepared Basis for Conclusions describes the IAESB’s deliberations during its development.
Copyright © 2016 The International Federation of Accountants (IFAC). All rights reserved.
You must be signed in to the IFAC website in order to submit a comment. If you do not have an account, please register below. IFAC respects your privacy and will not send you unsolicited email or spam. You can subscribe to IFAC publications, change your subscription preferences, or manage your user profile at any time.