1 / 11

Revision of IES 4

Revision of IES 4. David McPeak. IESBA Meeting October 2011. Introduction. Aim of Revision Project: Improve clarity Ensure consistency with new Framework (2009) document Clarify issues resulting from environment and experience Ensure wide and sufficient consultation. Introduction.

blake-dalton
Download Presentation

Revision of IES 4

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Revision of IES 4 David McPeak IESBA Meeting October 2011

  2. Introduction Aim of Revision Project: • Improve clarity • Ensure consistency with new Framework (2009) document • Clarify issues resulting from environment and experience • Ensure wide and sufficient consultation

  3. Introduction Preliminary Consultation • IFAC Compliance Program • IESBA Secretariat

  4. Introduction • Clarify the Standard’s requirements to ensure that accounting education programs continue to meet the core competence required for the various roles of a professional accountant; • Revise the Standard to ensure consistency with the terminology and concepts set out in the revised IFAC Code of Ethics Aim of IES 4 Revision Project:

  5. Introduction IAESB’sMission is to “serve the public interest by strengthening the worldwide accountancy profession through the development and enhancement of education.”

  6. Introduction Enhancing Education by Implementing IESs • Serves the public interest by contributing to the ability of the accountancy profession to meet the needs of decision makers. • Increases the competence of the global accountancy profession, contributing to strengthened public trust.

  7. Questions • Question 1: Do IESBA members agree that the learning outcomes provided in paragraph 10 of the IES 4 Exposure Draft (See Agenda Item 7-A) represent the appropriate depth of ethics education needed to become a professional accountant? • Question 2: Is the proposed requirement (See Paragraph 11 of Agenda Item 7-A) for reflection in relation to ethics education appropriate? • Question 3: Does this requirement raise implementation issues? • Question 4: Do IESBA members agree with including a requirement that covers the assessment of a program of professional accounting education containing professional values, ethics, and attitudes?

  8. Questions Question 5: What advice would IESBA members provide in addressing the request provided above?

  9. IAESB Information • IAESB pronouncements available at: • http://www.ifac.org/education/publications-resources THANK -YOU

  10. Question 1 • .

  11. Question 2

More Related