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Proposed professional education standard would remove mandatory university degree entry requirement

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

23 Jun 2011

The International Accounting Education Standards Board (IAESB) has released for public exposure a proposed revision of International Education Standard (IES) 1, Entry Requirements to a Program of Professional Accounting Education.

The key changes include:

  • making the requirements more inclusive and broader in scope (necessitating a change in the title of IES 1 to Entry Requirements to Professional Accounting Education)
  • adopting a principles-based approach focusing on allowing flexible access to professional accounting education, including removing reference to a recognised university degree programme or its equivalent and instead referring to it as example
  • requiring that the entry level be high enough to provide assurance of an individual's likely success in the programme of professional accounting education, and making relevant information publicly available to help individuals make an informed decision in assessing their own chances of successfully completing professional accounting education
  • providing guidance that IFAC member bodies justify their entry requirements in terms of the competences required to successfully complete professional accounting education.

Comments on the document close on 21 September 2011. Click for IAESB press release (link to the IFAC website).

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