This Standard requires member bodies to implement a mandatory continuing professional education and development (hereafter referred to as continuing professional development or CPD) program. CPD is an important aspect of serving the public interest and fosters values of continuous learning and greater professional competence among professional accountants to better meet client and employer needs.

This Guideline is intended to assist member bodies in establishing a requirement for an effective program of continuing professional education and development (hereafter referred to as continuing professional development or CPD) for members, as prescribed in the proposed International Education Standard, "Continuing Professional Education and Development".

The aim of this Standard is to ensure that candidates for membership of an IFAC member body have enough advanced professional education to enable them to function as competent professional accountants in an increasingly complex and demanding environment. The issue of keeping up this competence is dealt with in IES 100, "Continuing professional education and development."

This Standard prescribes the requirement for a process of assessment of a candidate

The purpose of this Invitation to Comment (ITC) is to seek comments on the appropriate accounting treatment for the impairment of assets in International Public Sector Accounting Standards (IPSASs). This ITC explores certain issues associated with a general impairment test. It does not deal with the impairment of assets for which a specific impairment test is established through another accounting standard. For example, the impairment of inventories is not covered in this ITC because it is dealt with in International Public Sector Accounting Standard ED 11 Inventories.