Press Releases/News Alerts
Aug 13, 2014
New York, New York
IAESB Adopts 2014-2016 Strategy to Support Revised International Education Standards
The International Accounting Education Standards Board™ (IAESB™) has issued its 2014-2016 Strategy and Work Plan, which focuses on supporting the adoption and implementation of International Education Standards™ (IESs™). This work will: assist International Federation of Accountants® (IFAC®) member bodies, regulators, employers, academics, and students; improve the quality of professional accounting education worldwide; and enhance the competence and judgment of professional accountants.
In upholding its public interest mandate, the IAESB is pursuing the following strategic initiatives:
- Promulgating a series of high-quality standards and other publications reflecting good practice in the education, development, and assessment of professional accountants;
- Promoting the adoption and implementation of the IESs;
- Developing education benchmarks for measuring the implementation of the IESs; and
- Periodically reviewing the need for further revisions to any of the IESs, or for developing additional standards.
“By continuing to enhance standards in international accounting education, we are contributing to the improvement of the professional competence and skills of professional accountants,” said IAESB Chair Peter Wolnizer. “The aim of the 2014-2016 IAESB Strategy and Work Plan is to support the development of high-quality professional education programs by providing guidance to implement the existing requirements.”
As a result of these strategic initiatives, the IAESB has identified the following work priorities:
- Setting and maintaining the IESs and considering the need for additional IESs;
- Supporting adoption and implementation of the revised IESs; and
- Assessing the impact of the IESs by conducting a baseline study and a post-implementation review.
The direction of further 2014-2016 activities will be based on the results of these three work priorities, Prof. Wolnizer explained.
The 2014-2016 IAESB Strategy and Work Plan can be downloaded from the IAESB site: 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 179 members and associates in 130 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.