Revisions to IESB 2, 3, 4, and 8 - Professional Skepticism

Objective

REVISION OF IESS 2, 3, 4 AND 8 - INFORMATION & COMMUNICATIONS TECHNOLOGY

Objective

This project aims to:

  • Obtain sufficient evidence through information gathering activities to evaluate whether current IESs are fit for purpose in prescribing learning outcomes that support the application of professional skepticism; and
  • Implement standards development activities that are in the public interest and responsive to the needs of stakeholders.
Scope:

The scope of the project is focused on enhancing the professional competence and the development of the professional skills and behaviors needed in the application of professional skepticism by all professional accountants. Planned project activities include performing a literature review to determine whther to enhance the learning outcomes and engaging stakeholders in identifying education and training good practices in applying professional skepticism and mitigating impediments, such as bias. Based on the strength of the evidence obtained through the information gathering activities, the IAESB decided to address identified gaps in the Initial Professional Development and the Continuing Professional Development of professional accountants by revising IESs 2, 3, 4, and 8 from the perspectives of Information and Communications Technologies and Professional Skepticism.

PROJECT CONTACT
  • David McPeak
TASK FORCE
  • David Simko (Task Force Chair)
  • Susan Flis (Task Force Secretary)
  • Bruce Behn
  • Keryn Chalmers
  • Elizabeth Gammie
  • Bernard Agulhas (Advisor) 

Board Papers

April 2017 meeting: Agenda Item 4-1; Agenda Item 4-2

November 2017 meeting: Agenda Item 7-1; Agenda Item 7-2; Agenda Item 7-3

Board Minutes

CAG Papers

April 2017 meeting: Agenda Item 3-1; Agenda Item 3-2

October 2017 meeting: Agenda Item 3-1; Agenda Item 3-2; Agenda Item 3-3

CAG Minutes

Board Papers

November 2017 meeting: Agenda Item 7-1 PS Literature Review Issues Paper

April 2018 meeting: Agenda Item 3-1 Public Sector Issues Paper

October 2018 meeting: Appendix 1 of Agenda Item 7-6

CAG Papers

November 2017 meeting: Agenda Item 3-1 PS Literature Review Issues Paper

April 2018 meeting: Agenda Item 2-1 Literature Review Issue Paper - Final

Board Papers

October 2018 meeting: Agenda Items 3-1 Professional Skepticism Literature Review Issues Paper; 3-2 IAESB Response to Professional Skepticism - Meeting Public Expectations - Consultation Paper; 3-3 Professional Skepticism Skills Inventory Data Gathering; 3-4 Proposed Professional Skepticism - Learning Outcomes; 7-1 Exposure Draft of Learning Outcomes and Combined IESs 2, 3, 4 - Issues Paper; 7-2 Outline for Explanatory Memo for ICT PS Exposure Draft; 7-3 Revised New ICT and Professional Skepticism Learning Outcomes Clean; 7-4 Clarifying and Conforming Changes - Marked Up Version; 7-5 Proposed Combined IES 2 3 4 - VDraft October 16 2018; 7-6 Revised and New Learning Outcomes IESs 2, 3, 4 - Issues Paper; 7-7 Outline for Exposure Memo for ED on Learning Outcomes and Combined IESs 2, 3, 4; 7-8 IES 2 Extant vs Proposed Learning Outcomes; 7-9 IES 3 Extant vs Proposed Learning Outcomes; 7-10 IES 4 Extant vs Proposed Learning Outcomes; 7-11 IES 8 Extant vs Proposed Learning Outcomes; 7-12 Revised and New ICT and PS Learning Outcomes - Marked Up Version; 7-13 Revised and New ICT and PS Learning Outcomes - Clean Version

Board Minutes

CAG Minutes

October 2018 Meeting: Agenda Item Minutes of the October 2018 IAESB CAG Meeting

Responses

Board Papers

April 2019 meeting: Agenda Items: 3-1 Professional Skepticism Issues Paper Final; 3-2 Suggested Revisions to Professional Skepticism Learning Outcomes from ED Comment Letters - April 2019; 2-2 Analysis of Comments-April 2019;

June 2019 Teleconference meeting: Agenda Items: 3-1 Professional Skepticism Issues Paper Final; 2-2 ICT- Marked-up Version of Revised IESs 2, 3, 4, and 8 - June 6 2019; 2-3 ICT- Clean Version of Revised IESs 2, 3, 4, and 8 - June 6 2019; 2-5 Analysis of Comments - Final;

June 2019 meeting: Agenda Items: 2-Revisions of IESs 2, 3, 4, and 8- Cover Paper; 2-2- Professional Skepticism Issues Paper; 2-3-Marked-Up Version of Revisions of IESs 2, 3, 4, and 8- June 24, 2019; 2-4-Clean Version of Revisions of IESs 2, 3, 4, and 8- June 24, 2019; 2-5-Disposition of IAESB Professional Skepticism Comments; 2-7-Marked-Up Version of Revisions of IESs 2, 3, 4, and 8- June 25, 2019; 2-8-Clean Version of Revisions of IESs 2, 3, 4, and 8- June 25, 2019; 2-9-Marked-Up Version of Revisions of IESs 2, 3, 4, and 8- June 26, 2019; 2-10-Clean Version of Revisions of IESs 2, 3, 4, and 8- June 26, 2019;2-11-Marked-Up Version of Revisions of IESs 2, 3, 4, and 8 from June 26 to Extant IESs; 2-12-Conforming Changes to Definitions for Revised IESs 2, 3, 4, and 8- June 26, 2019;

CAG Minutes

April 2019 meeting: Minutes of the April 2019 IAESB CAG Meeting (190K)

May 2019 Teleconference meeting: Minutes of the May 2019 teleconference IAESB CAG Meeting (190K)

Board Minutes

Issued Document

Accounting Education Insights: Unconscious Bias and Professional Skepticism.

Accounting Education Insights: How Can We Become Better Skeptics.