IES 5, Initial Professional Development—Practical Experience (Revised)

Mar 13, 2013 | Handbooks, Standards, and Pronouncements
12 Pages
ISBN 978-1-60815-150-9

All available Translations: Hungarian Romanian

In Progress Translations: Albanian | Polish | Russian | Spanish | Thai

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The revised IES 5, Initial Professional Development—Practical Experience, aims to assist educational organizations, employers, regulators, government authorities, and any other stakeholders who support the practical experience of professional accountants.

IES 5 recognizes that practical experience is relevant in developing the competence of an aspiring professional accountant. Additionally, it promotes greater flexibility in measuring practical experience; permits practical experience supervisors to direct, advise, and assist an aspiring professional accountant’s experience; and requires practical experience to be recorded in a verifiable and consistent form.

IES 5 is effective from July 1, 2015.

A staff-prepared Basis for Conclusions describes the IAESB’s deliberations during its development.


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