IAESB Proposes Revised Standard on Professional Values, Ethics, and Attitudes
(New York/April 15, 2011) The International Accounting Education
Standards Board (IAESB) today released for public exposure a proposed
revision of International Education Standard (IES) 4, Professional
Values, Ethics, and Attitudes. The revised standard, part of the
IAESB’s project to improve the clarity of its standards, proposes that
the development of professional values, ethics, and attitudes be
addressed by learning and development activities that occur throughout
the career of the professional accountant. IES 4 will be helpful to
educational organizations, employers, regulators, government
authorities, and other stakeholders who support the learning and
development of professional accountants.
IES 4, drafted in 2004, prescribes the values, ethics, and attitudes
that professional accountants should acquire during the education
program leading to qualification. In addition to a formal program
assessment and a learning outcome approach, the IAESB also proposes a
requirement on reflective activity—where professional accountants and
students undertake the practice of documenting experiences relating to
lessons learned from ethical dilemmas and situations.
“The assessment of the elements of professional accountancy
programs—including professional values, ethics, and attitudes as
outlined in IES 4—is essential to both the development and the
maintenance of competence,” stated Mark Allison, chairman of the
IAESB. “It lays the foundation for aspiring professional accountants
to exercise professional judgment in the public interest.”
As part of its project to improve the clarity of its standards, the
IAESB has undertaken a project to redraft all eight of its IESs in
accordance with its new clarity drafting conventions. This project
began in December 2010 with the proposed revision of IES 7, Continuing
Professional Development: A Program of Lifelong Learning and
Continuing Development of Professional Competence. The current
timetable envisages that all IESs will have been revised and
redrafted, or redrafted only, by the first quarter of 2013.
How to Comment
The IAESB invites all stakeholders to comment on its proposals. To
access the exposure draft and submit a comment, visit the IAESB’s
website at www.ifac.org/Education/ExposureDrafts.php. Comments are
requested by July 15, 2011.
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 164 members and associates in 125
countries and jurisdictions, representing approximately 2.5 million
accountants in public practice, education, government service,
industry, and commerce.
(New York/April 15, 2011) The International Accounting Education
Standards Board (IAESB) today released for public exposure a proposed
revision of International Education Standard (IES) 4, Professional
Values, Ethics, and Attitudes. The revised standard, part of the
IAESB’s project to improve the clarity of its standards, proposes that
the development of professional values, ethics, and attitudes be
addressed by learning and development activities that occur throughout
the career of the professional accountant. IES 4 will be helpful to
educational organizations, employers, regulators, government
authorities, and other stakeholders who support the learning and
development of professional accountants.
IES 4, drafted in 2004, prescribes the values, ethics, and attitudes
that professional accountants should acquire during the education
program leading to qualification. In addition to a formal program
assessment and a learning outcome approach, the IAESB also proposes a
requirement on reflective activity—where professional accountants and
students undertake the practice of documenting experiences relating to
lessons learned from ethical dilemmas and situations.
“The assessment of the elements of professional accountancy
programs—including professional values, ethics, and attitudes as
outlined in IES 4—is essential to both the development and the
maintenance of competence,” stated Mark Allison, chairman of the
IAESB. “It lays the foundation for aspiring professional accountants
to exercise professional judgment in the public interest.”
As part of its project to improve the clarity of its standards, the
IAESB has undertaken a project to redraft all eight of its IESs in
accordance with its new clarity drafting conventions. This project
began in December 2010 with the proposed revision of IES 7, Continuing
Professional Development: A Program of Lifelong Learning and
Continuing Development of Professional Competence. The current
timetable envisages that all IESs will have been revised and
redrafted, or redrafted only, by the first quarter of 2013.
How to Comment
The IAESB invites all stakeholders to comment on its proposals. To
access the exposure draft and submit a comment, visit the IAESB’s
website at www.ifac.org/Education/ExposureDrafts.php. Comments are
requested by July 15, 2011.
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 164 members and associates in 125
countries and jurisdictions, representing approximately 2.5 million
accountants in public practice, education, government service,
industry, and commerce.
No comments:
Post a Comment