IES 7, Continuing Professional Development: A Program of Lifelong Learning and Continuing Development of Professional Competence
Proposed Redrafted International Education Standard

This memorandum provides background to, and an explanation of, the proposed International Education Standard (IES) 7, Continuing Professional Development: A Program of Lifelong Learning and Continuing Development of Professional Competence (Redrafted) approved for exposure by the International Accounting Education Standards Board (IAESB)in November 2010. The current version of IES 7 was published in May 2004 and became effective on January 1, 2006. IES 7 prescribes that member bodies implement a continuing professional development(CPD) requirement as an integral component of a professional accountant's continued membership. Such a requirement contributes to the profession's objective of providing high-quality services to meet the needs of the public (including clients and employers).

Submitted Comment Letters

1. CMA Canada (Canada)
February 28, 2011

2. SAICA (South Africa)
February 28, 2011

3. Chartered Institute of Management Accountants (CIMA) (United Kingdom)
March 2, 2011

4. ICAS (United Kingdom)
March 4, 2011

5. ACCA (United Kingdom)
March 7, 2011

6. Hong Kong Institute of Certified Public Accountants (Hong Kong (Special Administrative Region of China))
March 7, 2011

7. U. S. Government Accountability Office (United States)
March 7, 2011

8. Association of Accounting Technicians (United Kingdom)
March 8, 2011

9. BDO (Belgium)
March 8, 2011

10. CIPFA (United Kingdom)
March 8, 2011

11. Chamber of Hungarian Auditors (Hungary)
March 8, 2011

12. Deloitte Touche Tohmatsu Limited ((unspecified))
March 8, 2011

13. Ernst & Young Global Limited (United Kingdom)
March 8, 2011

14. Malaysian Institute of Accountants (Malaysia)
March 8, 2011

15. The Japanese Institute of Certified Public Accountants (Japan)
March 8, 2011

16. FACPCE (Argentina)
March 9, 2011

17. American Institute of CPA (USA)
March 25, 2011

18. Certified General Accountants Association of Canada (Canada)
March 25, 2011

19. Chartered Accountants Ireland (Ireland)
March 25, 2011

20. Chartered Accountants Regulatory Board (Ireland)
March 25, 2011

21. Consiglio Nazionale dei Dottori Commericalisti + E Degli Esperti Contabili (Italy)
March 25, 2011

22. Dr. Joseph S. Maresca
March 25, 2011

23. European Federation of Accountants and Auditors for SMEs (Belgium)
March 25, 2011

24. Federation des Experts Comptables Europeans (Belgium)
March 25, 2011

25. Hubert De Neef (Belgium)
March 25, 2011

26. IFAC – SMP Committee (USA)
March 25, 2011

27. Ian Dunnett (South Africa)
March 25, 2011

28. Institut der Wirtschaftsprufer (Germany)
March 25, 2011

29. Institute of Certified Public Accountants of Cyprus (Cyprus)
March 25, 2011

30. Institute of Chartered Accountants of Pakistan (Pakistan)
March 25, 2011

31. Institute of Cost and Management Accountants of Pakistan (Pakistan)
March 25, 2011

32. KPMG (Canada)
March 25, 2011

33. National Board of Accountants and Auditors (United Republic of Tanzania)
March 25, 2011

34. National Institute of Accountants in Australia (Australia)
March 25, 2011

35. New Zealand Institute of Chartered Accountants (New Zealand)
March 25, 2011

36. PricewaterhouseCoopers (United Kingdom)
March 25, 2011

37. Ramachandran Mahadevan CA (India)
March 25, 2011

38. Slovenska komora auditorov (Slovenska)
March 25, 2011

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

40. Instituto de Censores Jurados de Cuentas de España (Spain)
March 29, 2011

Related Resources

• 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 5, Practical Experience Requirements for Aspiring Professional Accountants
• IES 8, Professional Development for Engagement Partners Responsible for Audits of Financial Statements