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Proposed professional education standard on practical experience requirements

13 Jul 2011

The International Accounting Education Standards Board (IAESB) has released for public exposure a proposed revision of International Education Standard (IES) 5, Practical Experience Requirements for Aspiring Professional Accountants.

The key changes concern

  • allowing greater flexibility in measuring practical experience,
  • permitting supervisors or mentors to direct an aspiring professional accountant's experience, and
  • requiring practical experience to be recorded in a verifiable and consistent form.

Comments on the document close on 8 October 2011. Click for IAESB press release (link to the IFAC website).