The IAESB has proposed a revised Continuing Professional Development standard to focus more on learning outcomes.
The International Accounting Education Standards Board (IAESB) recently released a proposed revision of International Education Standard (IES) 7: Continuing Professional Development, which places greater emphasis on learning and development directly related to an accountant’s professional responsibilities rather than simply focusing on a minimum number of hours of Continuing Professional Development (CPD).
The proposed revisions enhance the current standard and encourage professional accountancy organisations to look at how their CPD systems are measured, monitored and enforced. CPD applies to all professional accountants and supports their development and maintenance of professional accountancy competence to deliver high-quality services for their clients, employers and other stakeholders.
“Many CPD programs will benefit from a more innovative approach to learning and development given technological and educational advances,” said Chris Austin, Chairperson at IAESB. “This proposed standard embraces innovation and changes in learning by enhancing existing requirements and focusing recommended measurement approaches on learning while emphasising the range of available approaches.”
In addition to professional accountancy organisations, the proposed standard will help educational organisations, employers, regulators, government authorities and other relevant stakeholders involved in, or supporting, professional accountants’ continuing development.
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