- IAESB 2012 Annual Report
- Revision of International Education Standards
- Approval of the Revised International Education Standard 4 on Ethics Education
- Definition of a Professional Accountant
- IAAER/ACCA Awards Grants for Research (Round 2) to Inform the IAESB
- Recent IAESB Outreach Activity
- Next Meetings
- Revising the suite of International Education Standards (IESs);
- Developing adoption and implementation guidance; and
- Improving communications about and awareness of IESs.
- “Developing a Global Model of Accounting Education and Examining IES Compliance in Australia, Japan, and Sri Lanka,” Kim Watty, Deakin University, Australia, Principal Investigator, Satoshi Sugahara, Hiroshima Shudo University, Japan, and Luckmika Perera, Deakin University, Australia
- “A Framework of Best Practice of Continuing Professional Development for the Accounting Profession,” Paul de Lange, RMIT University, Australia, Beverley Jackling, Victoria University, Australia, Susan Ravenscroft, Iowa State University, USA, Themin Suwardy, Singapore Management University, Singapore, Ilias Basioudis, University of Aston, UK, and Abdel Halabi, University of the Witwatersrand, South Africa.
- “Ontology-based e-Assessment for Accounting Education,” Patrick Carmichael, Principal Investigator, Kate Litherland, Tony Hall, and Lewis Gordon, all of Liverpool John Moores University, UK, and Maria Paz Prendes Espinosa, Maria del Mar Sanchez, and Jesualdo Tomás Fernández Breis, all of University of Murcia, Spain.
IAESB eNews August 2013
Newsletters & eNews
Aug 14, 2013
New York, New York
Find more news & events related to:
IAESB eNews August 2013
Welcome to the International Accounting Education Standards Board (IAESB) eNews.
In This Issue:
The International Accounting Education Standards Board (IAESB) has released its 2012 Annual Report, which highlights the progress of the IAESB’s strategic initiatives, including:
The document includes reports from Professor Peter Wolnizer, chair of the IAESB, and Dr. Aileen Pierce, chair of the IAESB’s Consultative Advisory Group (CAG), outlining the work of the IAESB and the IAESB CAG, respectively, including the work on the 2014-2016 Strategy and Work Plan.
The IAESB is continuing its work to improve the clarity of its standards with its project to revise and redraft the suite of eight International Education Standards (IESs). The project aims to improve clarity, ensure consistency with concepts of the Framework for International Education Standards for Professional Accountants (the Framework), and clarify issues resulting from changes in the environment of accounting education and the experience gained from implementation of the IESs by IFAC member bodies.
Following a full discussion of issues and a page-by-page editorial review of the revised draft during its June meeting, the IAESB approved the final content of International Education Standard (IES) 4, Initial Professional Development – Professional Values, Ethics, and Attitudes (Revised). IES 4 prescribes the learning outcomes that aspiring professional accountants are required to demonstrate for professional values, ethics, and attitudes by the end of Initial Professional Development. The release of IES 4, subject to the PIOB’s approval of due process activities, is expected in the fourth quarter of 2013.
As of July 2013, the IAESB has approved the following IESs:
The current work plan envisages that all IESs will have been revised and redrafted, or redrafted only, by the fourth quarter of 2014. This timeline will depend on satisfactory progress being made and may be amended to a later date.
At its June meeting, the IAESB discussed significant issues arising from a revised version of the definition of a professional accountant. These discussions covered issues relating to: the level of professional competence; the public interest; and compliance with a Code of Ethics. The aim of revising a definition is to provide a foundation for the IAESB to identify the audience for the IESs and to provide a central reference for national jurisdictions when applying the IESs. As a result of these discussions, the IAESB directed the task force developing a definition of a professional accountant to consult with the IAESB CAG at its September meeting. The task force then will develop a revised draft of the definition for discussion by the board at its October 2013 meeting.
In 2010, the International Association for Accounting Education and Research (IAAER) issued a call for research proposals directed at developing theory and evidence to inform the IAESB’s decision-making process. The Proposal Review Committee selected three proposals based on their potential to assist the IAESB in further establishing and maintaining a conceptual and empirical basis for its standards:
Over the course of the projects, the three finalist research teams had to meet specific milestones and received feedback from the Research Advisory Committee on expected deliverables. The three summary reports are based on presentations made by the research teams at the October 2012 IAAER/ACCA Education Forum held in London, UK. Each of the teams summarized their research results with the aim of informing IAESB members on key findings relevant to the board’s work in areas of continuing professional development, assessment, and the development of professional accounting education. The final research reports of these three projects can be found on the IAAER web site.
In April, IAESB member Marcelo Canetti presented “Soft Skills” at the European Federation of Accountants and Auditors for SMEs 2012 Annual Conference, held in Amsterdam, the Netherlands. He discussed the importance of developing “soft skills” (the character traits and interpersonal skills that characterize a person's relationships with other people) in the context of the workplace. He also identified specific skill sets needed to succeed in the environment of small and medium enterprises (SMEs).
The following month, IAESB Deputy Chair Saleem Kharwa spoke at the Second Africa Congress of Accountants, held in Accra, Ghana. His presentation, “The Changing Landscape of Educational Standards in the Accountancy Profession,” discussed the status of the IES revision project.
The IAESB will hold its next meeting in Toronto, Canada on October 30-November 1, 2013. The IAESB CAG will be holding it next meeting in Madrid, Spain on September 16-17, 2013. For information, please visit the IAESB’s “Meetings” page.