Objective
07-10-04: Guidance on Ethics Education - Completed
Background
The purpose of this project was to develop guidance to assist and encourage IFAC member bodies, academics and others responsible for the education of professional accountants to adopt a range of appropriate approaches to develop professional values and ethics as part of the education of all professional accountants. The new practice statement identifies a number of methods for the delivery of ethics education, stressing the importance of workplace learning and assessment. It also identifies continuing professional development as the means for member bodies to ensure that professional accountants continue to develop professional values, ethics, and attitudes throughout their careers. A final International Education Practice Statement 1, Approaches To Developing And Maintaining Professional Values, Ethics, And Attitudes, was issued in October 2007. The Basis for Conclusions provides background to the project, main comments received on the exposure draft, and the IAESB's conclusions regarding these comments in developing the final version of the practice statement.