International Accounting Education Standards Board (eNews)

IAESB Requests Comments on New Standards Framework
The International Accounting Education Standards Board (IAESB) is requesting comments on the proposed revision of the Framework for International Education Standards, which sets out the concepts that underlie the Board's International Education Standards (IESs).
The revisions are designed to enhance the relevance, clarity, and consistency of the standards, as well as their applicability to IFAC members and associates.
The proposed framework consists of two parts:

• Part One explains the educational concepts of competence, initial professional development, continuing professional development, and measurement of the effectiveness of learning and development, which will be used by the IAESB when developing the IESs; and
• Part Two describes the nature of the IESs as well as the related IAESB pronouncements and IFAC member body obligations.

Comments on the exposure draft (ED) of the proposed revised framework are requested by April 30, 2009. The ED can be viewed by going to www.ifac.org/EDs. Comments may be submitted by email to edcomments@ifac.org.

IAESB Issues ED on Drafting Conventions
The IAESB is also requesting comments on its exposure draft (ED), Explanatory Memorandum on IAESB Drafting Conventions, which proposes new drafting conventions to help improve the clarity of International Education Standards.
The key elements of the new drafting style include:

• Basing the standards on objectives, as opposed to procedural considerations;
• Use of the word "shall" to identify requirements that IFAC member bodies are expected to follow;
• Eliminating the present tense to describe actions by an IFAC member body, which some had regarded as ambiguous in terms of obligation; and
• Structural improvements to enhance the overall readability and understandability of the standards.

The development of drafting conventions will ensure consistency among IAESB educational pronouncements, as well as consistency with other Boards' use of drafting conventions wherever possible.
The ED can be viewed by going to www.ifac.org/EDs. Comments may be submitted by email to edcomments@ifac.org, and are requested by May 29, 2009.

IAESB Releases 2009 Handbook of International Education Pronouncements
The IAESB has released its 2009 Handbook of International Education Pronouncements. The 2009 education handbook contains the IAESB's suite of eight International Education Standards (IESs) including the Framework for International Education Pronouncements and Introduction to International Education Standards, as well as three International Education Practice Statements. The handbook can be downloaded free-of-charge in PDF format from the IFAC online bookstore (www.ifac.org/store), and print copies can be ordered now for shipment in early April.

IAAER/ACCA Funds Four Education Research Projects to Assist IAESB

Four research projects on accounting education have been commissioned by the International Association for Accounting Education and Research (IAAER) and funded by the Association of Certified Chartered Accountants (ACCA). These projects will help the IAESB by providing evidence on the acceptance, implementation, and impact of accounting education standards throughout the world.
The projects are:

• "How Does the Methodology of Education and Training in Ethics Affect the Ethical Awareness and Practice of the Professional Accountant?"
  The project will examine the effects of different methods of ethics education across different cultures, educational backgrounds, and organizations and will help universities and professional associations tailor their ethics education to better meet IES 4, "Professional Values Ethics and Attitudes."
• "Access to CPD Opportunities and Resources to Assist Professional Accountants to Meet Their Commitment to Life Long Learning: Evidence from the Asia Pacific Region"
  The project will investigate the effectiveness of different continuing professional development (CPD) activities in developed and emerging market economies and recommend ways of improving access, relevance, and delivery of CPD. This will address IES 7, "Continuing Professional Development: A Program of Lifelong Learning and Continuing Development of Professional Competence."
• "Searching for Best Practice in the Development and Assessment of Non-Technical Skills in Accountancy Trainees - A Global Study"
  The project will examine non-technical skills needed by accountants. The need for non-technical skills is stressed in IES 3, "Professional Skills and General Education."
• "The Awareness and Impact of International Accounting Education Standards"
  The project will address the extent of impact of the IESs on university and professional association educational programs for accountants.

Academic teams from around the world will pursue these research topics over the next two years, and their results will be presented at the 11th IAAER World Congress of Accounting Educators and Researchers in November 2010. For more information about the teams conducting these research projects, please go to www.iaaer.org/grants/2008_IAESB_Recipients.htm.

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