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Aug 02, 2013
New York, New York
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IAESB Releases 2012 Annual Report: Enhancing Professional Accounting Education
The International Accounting Education Standards Board (IAESB) today released its 2012 Annual Report, Enhancing Professional Accounting Education. The annual report highlights the IAESB’s work in the public interest to enhance the quality and consistency of accounting education practices throughout the world, and thereby strengthen the public’s confidence in the competence of the global accounting profession.
It covers the revised International Education Standards (IESs) issued by the IAESB during the year, as well as the board’s progress on its adoption and implementation activities to support the revised IESs. The report also summarizes the IAESB’s outreach efforts designed to bring greater awareness to its projects and activities.
“The revised education standards released over the last year are intended to advance the convergence and consistency in the application of international technical and practice standards by ensuring a common base of education and practical experience for all professional accountants,” said Prof. Peter Wolnizer, IAESB chair. “In 2012, the Education Board made progress in revising its education standards on technical competence, professional skills, and professional development of engagement partners responsible for audits of financial statements.”
The annual report also includes a report from Prof. Aileen Pierce, chair of the IAESB Consultative Advisory Group (CAG), which outlines the CAG’s work in providing input to the IAESB.
The 2012 IAASB annual report can be downloaded at www.iaesb.org.
About the IAESB
The IAESB develops education standards, guidance, and information papers for use by IFAC member bodies under a shared standard-setting process involving the Public Interest Oversight Board, which oversees the activities of the IAESB, and the IAESB Consultative Advisory Group, which provides public interest input into the development of the standards and guidance. The structures and processes that support the operations of the IAESB are facilitated by IFAC.
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. It is comprised of 173 members and associates in 129 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.
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