Proposed professional education standard on practical experience requirements
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).