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IAESB paper seeks to assist with accountant examinations

  • IAESB (International Accounting Education Standards Board) (lt gray) Image

Feb 14, 2014

The International Accounting Education Standards Board (IAESB) has released a revised "International Education Information Paper," which is designed to help professional organisations conduct written examinations of accountants seeking qualification.

The paper, Development and Management of Written Examinations, has been updated in response to the revised International Education Standard IES 6, Initial Professional Development, Assessment of Professional Competence, which was issued in November 2012.

IES 6 prescribes the requirements for the assessment of professional competence of aspiring professional accountants that need to be achieved by the end of Initial Professional Development. International Federation of Accountants (IFAC) member bodies have the primary responsibility for complying with IES 6 in developing their admission programs.

The paper provides examples of “good practice” in developing and administering written examinations, including examples of the processes and procedures that member bodies use to deliver written examinations that meet the principles of assessment identified in IES 6, including appropriate elements of quality control.

On the basis of feedback from the paper and further developments in the area of assessment, the IAESB will reconsider the need to develop guidance in the form of a practice statement supporting IES 6.

For more information, see the IAESB press release on the IFAC's Web site.

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