IAESB Consults on Global Accounting Education Needs, Seeks Feedback on Future Strategy and Priorities

Dec 02, 2015 | English

The International Accounting Education Standards Board (IAESB)  today released a Consultation Paper, Meeting Future Expectations of Professional Competence: A Consultation on the IAESB’s Future Strategy and Priorities

The IAESB’s proposed vision and strategy for 2017-2021 builds on the foundation for quality education established by its revised IES™ and the Education Board’s work to support the effective implementation of these standards. The IAESB recognizes that professional accountants are operating in an environment that is continuously changing. These changes are having an impact on the initial and continuing professional development needs of professional accountants and the demands placed on professional accountants globally.

“Accounting education remains a fundamental pillar in improving the quality of reporting and auditing financial statements,” said IAESB Chair Chris Austin. “The aim of the 2017-2021 IAESB Strategy and Priorities is to enhance further the competence and judgment of professional accountants and contributes to a strengthening of public trust and confidence in the quality of their work.”

 The IAESB is proposing its work be directed by four priorities, beginning in 2017:

  • Enhancing existing standards;
  • Developing new standards to fill identified gaps in professional accounting education;
  • Preparing material to support adoption and implementation of the IES; and
  • Facilitating thought leadership on relevant issues.

Comments are invited from all stakeholders interested in or affected by the quality and relevance of accounting education, as safeguarded through the IES. Feedback is especially encouraged from IFAC Member Bodies in all jurisdictions; stakeholders in public policy, regulatory, public accounting and other relevant communities; professional accountants in business, government, and academia; and employers of professional accountants.

How to Comment
To access the Consultation Paper and submit comments, visit the IAESB’s website at www.iaesb.org. Comments are requested by March 8, 2016.

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.

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 more than 175 members and associates in more than 130 countries and jurisdictions, representing approximately 2.8 million accountants in public practice, education, government service, industry, and commerce.


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