ICAI Invites Member’s Comment on Exposure Draft Issued by International Federation of Accountants
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- By Taxmann
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- Last Updated on 22 June, 2024
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International Panel on Accountancy Education (IPAE) has recently proposed revisions to International Education Standard (IES) 2, 3, and 4 and has explained the same through the exposure draft.
IES 2 prescribes the learning outcomes for technical competence that aspiring professional accountants are required to achieve by the end of Initial Professional Development (IPD)
IES 3 may be helpful to educational organizations, employers, regulators, government authorities, and any other stakeholders who support the learning and development of aspiring professional accountants. It also specifies the competence areas and learning outcomes that describe the professional skills required of aspiring professional accountants by the end of Initial Professional Development.
Further, IES 4 prescribes the learning outcomes that aspiring professional accountants are required to achieve by the end of Initial Professional Development (IPD) for professional values, ethics, and attitudes.
ICAI, being a member of IFAC, considers these proposed amendments as pivotal and hence invites its members to comment on the exposure draft issued by IPAE. Members are encouraged to submit their response/reply by 10th July 2024.
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