Preparing the accountancy profession for the future requires a comprehensive, integrated approach to international accountancy education. Our profession needs to ensure current and future professional accountants are equipped with the skills, capabilities, and ethical behavior required for a rapidly changing environment. On December 19, IFAC hosted a one-hour webinar on a future model for advancing international accountancy education in the public interest. The webinar previewed planning to date and provided an outline of the model prior to approval and implementation in 2019.

This model is aimed at ensuring the global accountancy profession addresses the challenges stemming from a rapidly changing environment by harnessing a comprehensive and integrated approach.

The transition from the current structure to a future model was announced by IFAC and the International Accounting Education Standards Board in August 2018, followed by the creation of the International Accountancy Education Transition Advisory Group to advise on the model’s development and transition plans.