Grow Your Business. Grow Your Career.

Contact Us
877.823.3669

New Accounting Education Standards

Author: Moe Harrison /Thursday, August 21, 2014/Categories: SNI Companies, SNI Financial, Financial Staffing, SNI Certes, Financial Staffing, Accounting Now

Rate this article:
4.5

Earlier this year the International Accounting Education Standards Board, IAESB, published three new International Education Standards. The IAESB — formerly the IFAC Education Committee — develops guidance to improve the standards of accountancy education around the world and focuses on two key areas:

  • Essential elements of accreditation: education, practical experience, and tests of professional competence
  • Nature and extent of continuing professional education needed by accountants

Each of the new standards specifies competence areas and learning outcomes relating to the professional competence required of aspiring accountants. The new standards take effect July 1, 2015 and include:

IES 2 prescribes the learning outcomes for technical competence aspiring accountants are required to demonstrate by the end of their initial professional development, including the ability to apply professional knowledge to perform a role to a defined standard.

IES 3 describes the learning outcomes for professional skills aspiring accountants are required to demonstrate by the end of their initial professional development. The professional skills include intellectual, interpersonal, personal and organizational skills that an accountant integrates with technical competence and professional values, ethics and attitudes to demonstrate their professional competence.

IES 4 covers the learning outcomes for professional values, ethics, and attitudes aspiring accountants are required to demonstrate by the end of their initial professional development. Professional values, ethics, and attitudes are defined as the behavior and characteristics that identify accountants as members of a profession. They include the ethical principles generally associated with, and considered essential in defining, the distinctive characteristics of professional behavior.

These, and other IAESB standards, greatly influence accounting education and training worldwide. The goal of these important standards is to ensure the competence of professional accountants regardless of the country where the accountants received their education and training. For employers operating globally, these standards are vital tools in identifying future accounting staff.

If you are an aspiring accountant or an accounting hiring manager, learn more about the IAESB and their standards of accountancy education at http://www.ifac.org/Education/

Print

Number of views (14353)/Comments (9)

Moe Harrison
Moe Harrison

Moe Harrison

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

Other posts by Moe Harrison
Contact author Full biography

Full biography

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

x

9 comments on article "New Accounting Education Standards"

Avatar image

UK Essays

6/6/2018 3:18 AM

A sales ledger is one precise type of accounts ebook, to file sales. A full set of account books may even include a bought ledger to document what you spend and plenty of others. But for your purposes, you can "keep the books" in any manner you want as long as it's clear. Maybe start with one of these massive multi-column cash books you can get from a stationer. File cash coming in from what you promote at the left-hand page, payments (such as what you spent on buying the ebook) at the proper-hand web page, and use the exceptional columns to split out one-of-a-kind sorts of receipts and payments. It is all there for whilst you want to overall matters up for your tax return. Separating distinct sorts of receipts and bills out can also make you reflect on consideration on budgeting - "I seem to be spending lots in this, how can I reduce down?"


Avatar image

selinajasmin00

6/9/2018 2:14 AM

The International Accounting Education normals Board (IAESB) these days free a projected revision of International Education Standard (IES) seven, continued skilled Development. best assignment help




Avatar image

Miabarak

7/6/2018 6:28 AM

The objective of these critical gauges is to guarantee the fitness of expert bookkeepers paying little heed to the nation where the bookkeepers got their instruction and preparing. For businesses working all inclusive, these models are essential devices in recognizing future bookkeeping staff.some one write my essay


Avatar image

Essay writing

7/23/2018 5:29 AM

Well, that's the good addition to the policy but these are the basic things that while studying you should know that what you will be going to learn during your course, what is you are learning and finally what should be the outcome of this particular thing. Essay writing appreciates you to include these basic and necessary things in your policy.


Avatar image

test

7/23/2018 5:35 AM

testing

testing


Avatar image

D-Hub

8/1/2018 6:15 AM

It is all-purpose saying that a decent accountant is dependably a decent supervisor. He can make great arrangements for the organization. Since the beat rate of the organization's money related work is in his grasp. All money inflow and surge is recorded by him. So in the event that you get the hang of accounting education, you can without much of a stretch deal with your business.


Subscribe to Our RSS Feeds!