IES 4 prescribes the learning outcomes for professional values, ethics, and attitudes that aspiring professional accountants are required to demonstrate by the end of Initial Professional Development. Professional values, ethics, and attitudes are defined as the behavior and characteristics that identify professional accountants as members of a profession. These include the ethical principles generally associated with, and considered essential in defining, the distinctive characteristics of professional behavior.

IES 3 prescribes the learning outcomes for professional skills that aspiring professional accountants are required to demonstrate by the end of Initial Professional Development. Professional skills are the (a) intellectual, (b) interpersonal and communication, (c) personal, and (d) organizational skills that a professional accountant integrates with technical competence and professional values, ethics, and attitudes to demonstrate professional competence.

IES 3 is effective from July 1, 2015.

IES 2 prescribes the learning outcomes for technical competence that aspiring professional accountants are required to demonstrate by the end of Initial Professional Development. Technical competence is the ability to apply professional knowledge to perform role to a defined standard.

It is effective from July 1, 2015.

The International Federation of Accountants (IFAC), the global organization for the accountancy profession with 179 members in 130 countries, today issued the Call for Nominations for the IFAC Board and Committees in 2015. The Call for Nominations provides information on the upcoming opportunities for membership on the IFAC Board, committees, and the Compliance Advisory Panel.

In 2015, there will be 29 vacancies, including two leadership positions—the IFAC deputy president and the chair of the Small and Medium Practices Committee. All vacancies on the Board and committees are open to nominations by IFAC members.

“Volunteers are central to the effective functioning of IFAC and the authority and expertise of our committees,” said IFAC President Warren Allen. “We remain gratified to attract tremendously qualified and talented members of the profession as Board and committee members, and look forward to receiving highly-qualified nominations again this year. The hard work and dedication of our volunteers, together with the support of our member organizations, are critical and extremely valued by the global profession.”

IFAC encourages all members to review the information in the Call for Nominations, which includes detailed information on vacancies, composition targets, qualifications, and requirements for membership for the Board and committees, as well as time commitment and performance expectations for volunteers. It also offers strategic guidance in selecting candidates, including how IFAC members can identify the most qualified nominee for each available position.

The Call for Nominations marks the opening of the nominations period, which runs from January 15 to March 15, 2014. Nominations can be submitted through the Nominations Database (instructions for submitting nominations are included in the Call for Nominations). Additional information on the Nominating Committee and its process is available on the Nominating Committee web pages.

About 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.

The Call for Nominations for the Independent Standard-Setting Boards in 2015 was issued today. The Call for Nominations outlines the upcoming opportunities for membership on the International Auditing and Assurance Standards Board (IAASB), International Accounting Education Standards Board (IAESB), International Ethics Standards Board for Accountants (IESBA), and International Public Sector Accounting Standards Board (IPSASB).

In 2015, there will be 22 vacancies on the independent standard-setting boards, including the IAESB chair. All vacancies are open for nominations by all stakeholders, including professional accountancy and international organizations, governmental agencies, firms, and the public. Although each candidate is ultimately selected on the basis of experience, nominations of highly-qualified candidates from the Africa-Middle East and Latin America regions are particularly encouraged.

The Call for Nominations includes detailed information on qualifications, including time commitment and performance expectations for volunteers, as well as instructions on how to apply during the nominations period, which runs from January 15 to March 15, 2014.

Nominations can be submitted through the Nominations Database (instructions on how to submit a nomination are included in the Call for Nominations). Additional information on the Nominating Committee and its transparent, open process is available on the Nominating Committee web pages.

About the IAASB
The International Auditing and Assurance Standards Board (IAASB) develops auditing and assurance standards and guidance for use by all professional accountants under a shared standard-setting process involving the Public Interest Oversight Board, which oversees the activities of the IAASB, and the IAASB 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 IAASB are facilitated by the International Federation of Accountants (IFAC).

About the IAESB
The International Accounting Education Standards Board (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.

About the IESBA
The International Ethics Standards Board for Accountants (IESBA) is an independent standard-setting board that develops and issues, in the public interest, high-quality ethics standards and other pronouncements for professional accountants worldwide. Through its activities, the IESBA develops the Code of Ethics for Professional Accountants, which establishes ethics requirements for professional accountants. The structures and processes that support the operations of the IESBA are facilitated by IFAC.

About the IPSASB
The International Public Sector Accounting Standards Board (IPSASB) develops accounting standards and guidance for use by public sector entities. The structures and processes that support the operations of the IPSASB are facilitated by IFAC. The IPSASB receives support (both direct financial and in-kind) from the World Bank, the Asian Development Bank, the Chartered Professional Accountants of Canada, the South African Accounting Standards Board, and the governments of Canada, New Zealand, and Switzerland.

About IFAC
The International Federation of Accountants (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.