IFAC applauds the provocative, innovative approach taken in this forward-looking consultation and the AICPA’s broader, holistic efforts toward addressing audit quality. Many of the challenges auditors are facing stem from or are exacerbated by the environment of constant change, technology and related complexities so it is only fitting that the profession should adopt available technologies holistically toward the critical objective of audit quality.
The International Accounting Education Standards Board™ (IAESB™) has published its Consultation Paper, Guiding Principles for Implementing a Learning Outcomes Approach, and is seeking comments on the proposed guiding principles for implementing a learning outcomes approach.
All stakeholders—in particular, IFAC member bodies, education providers, educators, and those who have experience in implementing a learning outcomes approach—are encouraged to comment on the proposed guiding principles.