IES 7, Continuing Professional Development: A Program of Lifelong Learning and Continuing Development of Professional Competence
This memorandum provides background to, and an explanation of, the proposed International Education Standard (IES) 7, Continuing Professional Development: A Program of Lifelong Learning and Continuing Development of Professional Competence (Redrafted) approved for exposure by the International Accounting Education Standards Board (IAESB)in November 2010. The current version of IES 7 was published in May 2004 and became effective on January 1, 2006. IES 7 prescribes that member bodies implement a continuing professional development(CPD) requirement as an integral component of a professional accountant's continued membership. Such a requirement contributes to the profession's objective of providing high-quality services to meet the needs of the public (including clients and employers).
Exposure-Draft-and-Memo-for-IES-7 (PDF | 143.07 KB)
Supplement-to-Proposed-ED-of-IES-7-(Redrafted) (PDF | 166.21 KB)
Submitted Comment Letters
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SAICA (102.54 KB)(South Africa)
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CMA Canada (34.44 KB)(Canada)
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Chartered Institute of Management Accountants (CIMA) (229.36 KB)(United Kingdom)
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ICAS (160.74 KB)(United Kingdom)
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ACCA (84.05 KB)(United Kingdom)
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U. S. Government Accountability Office (52.7 KB)(United States of America)
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Hong Kong Institute of Certified Public Accountants (1.01 MB)(Hong Kong, Special Administrative Region of China)
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CIPFA (105.42 KB)(United Kingdom)
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Association of Accounting Technicians (32.78 KB)(United Kingdom)
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Malaysian Institute of Accountants (47.12 KB)(Malaysia)
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BDO (34.08 KB)(Belgium)
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The Japanese Institute of Certified Public Accountants (681.76 KB)(Japan)
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Ernst & Young Global Limited (168.13 KB)(United Kingdom)
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Deloitte Touche Tohmatsu Limited (62.87 KB)()
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Chamber of Hungarian Auditors (58.93 KB)(Hungary)
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FACPCE (768.26 KB)(Argentina)
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Certified General Accountants Association of Canada (133.13 KB)(Canada)
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National Institute of Accountants in Australia (165.56 KB)(Australia)
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IFAC – SMP Committee (116.19 KB)(United States of America)
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Institute of Chartered Accountants of Pakistan (209.94 KB)(Pakistan)
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KPMG (218.15 KB)(Canada)
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Dr. Joseph S. Maresca (13.33 KB)()
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American Institute of CPA (91.79 KB)(United States of America)
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Institut der Wirtschaftsprufer (83.17 KB)(Germany)
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European Federation of Accountants and Auditors for SMEs (274.59 KB)(Belgium)
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Consiglio Nazionale dei Dottori Commericalisti + E Degli Esperti Contabili (731.24 KB)(Italy)
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Slovenska komora auditorov (39.52 KB)(Slovenia)
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Hubert De Neef (13.08 KB)(Belgium)
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Institute of Cost and Management Accountants of Pakistan (26.93 KB)(Pakistan)
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PricewaterhouseCoopers (201.93 KB)(United Kingdom)
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Ramachandran Mahadevan CA (57.36 KB)(India)
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Chartered Accountants Ireland (24.4 KB)(Ireland)
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National Board of Accountants and Auditors (519 KB)(Tanzania, United Republic of)
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Federation des Experts Comptables Europeans (44.34 KB)(Belgium)
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The Institute of Chartered Accountants in England and Wales (38.59 KB)(United Kingdom)
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New Zealand Institute of Chartered Accountants (299.87 KB)(New Zealand)
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Ian Dunnett (41.48 KB)(South Africa)
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Institute of Certified Public Accountants of Cyprus (71.95 KB)(Cyprus)
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Chartered Accountants Regulatory Board (284.56 KB)(Ireland)
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Instituto de Censores Jurados de Cuentas de España (100.02 KB)(Spain)