Transcript International Accounting Education Standards Board Revision of IES 4 David McPeak IESBA Meeting October 2011

International Accounting Education
Standards Board
Revision of IES 4
David McPeak
IESBA Meeting
October 2011
1
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
2
Introduction
Preliminary Consultation
• IFAC Compliance Program
• IESBA Secretariat
3
Introduction
Aim of IES 4 Revision Project:
• 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
4
Introduction
IAESB’s Mission is to
“serve the public interest by strengthening
the worldwide accountancy profession
through the development and enhancement
of education.”
5
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.
6
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?
Questions
Question 5: What advice would IESBA members
provide in addressing the request provided above?
IAESB Information
• IAESB pronouncements available at:
• http://www.ifac.org/education/publicationsresources
THANK -YOU
9
Question 1
Level & Meaning
• .
Verbs to be used in
learning outcomes
to describe the level
Knowledge:
The remembering of previously learned material (recall of
facts).
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Describe
Define
Identify
List
State
Comprehension:
Demonstrative understanding of facts and ideas by
organising, comparing, translating, interpreting, giving
descriptions and stating main ideas.
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Explain
Illustrate
Interpret
Distinguish
Summarise
Application:
Using new knowledge. Solve problems to new situations
by applying acquired knowledge, facts, techniques and
rules in a different way.
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Apply
Prepare
Calculate *
Solve
Produce
Analysis:
Examine and break information into parts by identifying
motives or causes. Make inferences and find evidence to
support generalisation.
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Compare
Analyse
Select
Prioritise
Classify
Synthesis:
Compile information together in a different way by
combining elements in a new pattern or proposing
alternative solutions.
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Develop
Design
Integrate *
Plan
Construct
Evaluation:
The ability to judge the value of material for a given
purpose.
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Recommend
Evaluate **
Appraise
Advise *
Consider
10
Question 2
11