IAESB revises strategy on accounting education standards

The International Accounting Education Standards Board (IAESB) is seeking feedback on a proposed new strategy to support the development and use of international education standards.

IAESB says it will be working with International Federation of Accountants (IFAC) member bodies in order to establish a series of high-quality standards and other publications reflecting good practice in the education, development, and assessment of professional accountants.

The standards setter has published an exposure draft of its proposed 2014-2016 IAESB Strategy and Work Plan which sets out three priorities. These are establishing and developing International Education Standards (IESs) and pronouncements; engaging stakeholders and promoting the adoption and endorsement of the revised IESs; and supporting and providing guidance to facilitate the implementation of the revised IESs.

IAESB chair Peter Wolnizer said: 'Accounting education remains a fundamental pillar in improving the quality of reporting and auditing financial statements, and continues to be needed by professional accountants to serve the public interest.'

The exposure draft is available on IAESB's website at www.iaesb.org and is open for comment until 4 October 2013.

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