Press Releases/News Alerts
Oct 11, 2007
IFAC's Education Standards Board Adopts New Strategy
The International Accounting Education Standards Board (IAESB), an independent standard-setting board of the International Federation of Accountants (IFAC), has issued its 2007-2009 Strategic and Operational Plan which is designed to advance accounting education worldwide. The IAESB's strategy focuses on the measurable implementation of its International Education Standards (IESs). It also supports IFAC's members and associates in enhancing the level of competence of their members and in promoting a strong ethical culture within the accountancy profession. "A commitment to accounting education and continuing professional development ensures that accountants develop and maintain the competence to serve the public interest," states Henry Saville, IAESB Chair. "The IAESB Strategic and Operational Plan describes the IAESB's role in helping all stakeholders involved in developing high quality accounting education programs."
The focus of IAESB activities will be on the following:
- Conducting a fundamental review of the Framework for International Education Statements, which considers recent developments in accounting education and the accountancy profession;
- Developing guidance to help IFAC members and associates and others achieve the measurable implementation of the IESs; and
- Reviewing existing IESs to determine areas where the clarity of standards could be improved and/or additional guidance most usefully developed.
The direction of further activities during the period 2007-2009 will be conditional on the outputs from these three high priority projects. The IAESB's Strategic and Operational Plan, 2007-2009 can be downloaded from the IFAC online bookstore at //www.ifac.org/store. For more information on the work of the IAESB, visit its home page at //www.ifac.org/education.
About the IAESB and IFAC
The IAESB, an independent standard-setting board within IFAC, develops standards and guidance on prequalification education, training, and continuing professional education and development for all members of the accountancy profession. The Public Interest Oversight Board oversees the activities of the IAESB and, as one element of that oversight, establishes the criteria for its due process and working procedures. Founded in 1977, 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 155 members and associates in 118 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. In addition to setting international education standards through the IAESB, IFAC, through its independent standard-setting boards, sets standards on ethics, auditing and assurance, and public sector accounting. It also issues guidance to encourage high quality performance by professional accountants in business.