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International Accounting Education Standards Board (IAESB)

The International Accounting Education Standards Board (IAESB) – formerly the IFAC Education Committee – develops guidance to improve the standards of accountancy education around the world and focuses on two key areas:

  • The essential elements of accreditation, which are education, practical experience and tests of professional competence; and
  • The nature and extent of continuing professional education needed by accountants.

IAESB pronouncements are of three types:

  • International Education Standards (IESs) express the benchmarks that IFAC member bodies are expected to meet in the preparation and continual development of professional accountants. They establish the essential elements of the content and process of education and development at a level that is aimed at gaining international recognition, acceptance and application
  • International Education Guidelines for Professional Accountants (IEGs) interpret, illustrate, elaborate, or expand on matters related to International Education Standards. The guidelines assist IFAC member organisations with implementing the standards. The guidelines may also recommend practice that is wider or deeper than the practice described in the IESs
  • International Education Papers for Professional Accountants (IEPs) explain, examine, analyse, or otherwise critically assess education issues and practices. The aim of these papers is to encourage consideration and comment on the issues so they may be advanced. The papers may also be descriptive, aiming to promote awareness of, and transfer knowledge and information on, education and development issues or practices relating to the accountancy profession.

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Related news

  • Conclusions on governance and strategy review of IFAC member bodies

  • Apr 02, 2013

  • The Monitoring Group and Public Interest Oversight Board (PIOB) have published documents in response to their March 2012 consultation documents on the governance of various organisations operating under the auspices of the International Federation of Accountants (IFAC). The reports outline a number of recommendations in relation to the governance and strategy of the various IFAC bodies, but does not make any recommendations on the governance of the International Public Sector Accounting Standards Board (IPSASB). The Monitoring Group has formally taken the question of IPSASB oversight onto its agenda, noting "its [own] composition and that of the PIOB currently are not appropriate to the needs of stakeholders in public sector accounting standards".

  • Revised standard on practical experience requirements

  • Mar 14, 2013

  • The International Accounting Education Standards Board (IAESB) has released a revised version of International Education Standard (IES) 5, Initial Professional Development — Practical Experience.

  • IFAC calls for nominations for 2014

  • Jan 16, 2013

  • The Nomination Committee of the International Federation of Accountants (IFAC) has issued a formal call for nominations to fill available positions on IFAC's various boards and committees.

  • IAESB proposes revisions of two International Education Standards

  • Aug 02, 2012

  • The International Accounting Education Standards Board (IAESB) has released for public exposure proposed revisions of International Education Standard (IES) 2, 'Initial Professional Development—Technical Competence', and International Education Standard (IES) 3, 'Initial Professional Development—Professional Skills'. As part of the IAESB’s project to improve the clarity of its standards, these revisions address the development of technical competence and professional skills by an aspiring professional accountant.

  • IAESB re-exposes proposed initial professional development standard

  • Jul 30, 2012

  • The International Accounting Education Standards Board (IAESB) has released an exposure draft of a proposed revision of International Education Standard (IES) 4, 'Initial Professional Development - Professional Values, Ethics, and Attitudes'. The revised exposure draft responds to comments received on an earlier exposure draft from March 2011.

  • IAESB clarifies continuing professional development

  • Jul 24, 2012

  • The International Accounting Education Standards Board (IAESB) has issued a clarified International Education Standard (IES) 7, 'Continuing Professional Development'. IES 7 prescribes the continuing professional development (CPD) required for professional accountants to develop and maintain the professional competence necessary to provide high quality services to clients, employers, and other stakeholders, and thereby to strengthen public trust in the profession.

  • IFAC calls for G20 to adopt global standards and support integrated reporting

  • Jun 14, 2012

  • The International Federation of Accountants (IFAC) has written to the G20 outlining its recommendations for consideration at the G-20 Leaders’ Summit on June 18-19, 2012 in Los Cabos, Mexico. The recommendations include global adoption of International Financial Reporting Standards (IFRSs) and International Standards on Auditing (ISAs), increased resources for regulators and standard setters, and support for the International Integrated Reporting Council's proposed integrated reporting framework.

  • IFAC responds to Monitoring Group consultation

  • May 08, 2012

  • The International Federation of Accountants (IFAC) has publicly released its response to the Monitoring Group public consultation on the governance of the Monitoring Group, the Public Interest Oversight Board (PIOB), and the standard-setting boards and compliance advisory panel operating under the auspices of IFAC.

  • New exposure draft from IAESB

  • Dec 13, 2010

  • The International Accounting Education Standards Board (IAESB) has released for public exposure a proposed revision of International Education Standard (IES) 7 'Continuing Professional Development: A Program of Lifelong Learning and Continuing Development of Professional Competence'.

  • New IAESB education handbook

  • Aug 24, 2010

  • The International Accounting Education Standards Board (IAESB) has released the 2010 edition of its Handbook of International Education Pronouncements. The 2010 handbook contains the IAESB's suite of eight International Education Standards (IESs), including the Framework for International Education Standards for Professional Accountants (the Framework), as well as three International Education Practice Statements.

  • IAESB proposes education work plan

  • Jul 08, 2009

  • IFAC's International Accounting Education Standards Board (IAESB) has invited organisations and individuals with an interest in accounting education to comment on its proposed 2010-2012 Strategy and Work Plan.

  • New IAESB education handbook

  • Mar 27, 2009

  • The International Accounting Education Standards Board (IAESB) has released the 2009 edition of its 'Handbook of International Education Pronouncements'.

  • IAESB proposes international education framework

  • Jan 29, 2009

  • IFAC's International Accounting Education Standards Board (IAESB) has invited comments on proposed revisions to the Framework for International Education Standards, which sets out the concepts that underlie the IAESB's International Education Standards (IESs).

  • Updated IFAC education pronouncements

  • Aug 12, 2008

  • IFAC's International Accounting Education Standards Board (IAESB) has released amended versions of its International Education Standards (IESs) and related education pronouncements.

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