IFAC Small and Medium Practices (SMP) Committee Response to the International Accounting Education Standards Board (IAESB) Consultation Paper: Meeting Future Expectations of Professional Competence: A Consultation on the IAESB’s Future Strategy and Priori

The IFAC SMP Committee acknowledges that the global environment is changing rapidly and many of the trends identified will impact the profession and may have potential implications for the IAESB’s International Educations Standards (IESs) in the future. However, the SMP Committee does not believe that any new IESs should be developed at this time to address emerging matters. In its opinion, the Board should focus its resources on a robust implementation monitoring exercise and continue promoting the adoption of the newly revised IESs.

For specific comments, read the full comment letter below.