Press Releases/News Alerts, Press Releases
Jun 05, 2017
New York, New York
IAESB Proposes Revised Continuing Professional Development Standard to Focus More Fully on Learning Outcomes
The International Accounting Education Standards Board (IAESB) today released a proposed revision of International Education Standard (IES) 7, Continuing Professional Development, that places greater emphasis on learning and development directly related to an accountant’s professional responsibilities rather than simply focusing on a minimum number of hours of continuing professional development (CPD).
The proposed revisions enhance the current standard and encourage professional accountancy organizations look at how their CPD systems are measured, monitored, and enforced. CPD applies to all professional accountants and supports their development and maintenance of professional accountancy competence to deliver high-quality services for their clients, employers, and other stakeholders.
“Many CPD programs will benefit from a more innovative approach to learning and development given technological and educational advances,” said Chris Austin, IAESB Chair. “This proposed standard embraces innovation and changes in learning by enhancing existing requirements and focusing recommended measurement approaches on learning while emphasizing the range of available approaches.”
In addition to professional accountancy organizations, this proposed standard will help educational organizations, employers, regulators, government authorities, and other relevant stakeholders who are involved in, or support, professional accountants’ continuing development.
How to Comment
The IAESB invites all stakeholders to comment on its proposals via its website. Comments on the Exposure Draft are requested by September 5, 2017.
About the IAESB
The IAESB develops education standards, guidance, and information papers for use by IFAC member organizations 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. IFAC is comprised of more than 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.