The International Federation of Accountants (IFAC) announced on November 27, 2006, that the International Accounting Educations Standards Board (IAESB) is seeking proposals for research into approaches adopted by a range of professions to the measurement of continuing professional development (CPD). Further, the full request for proposal entitled Approaches to CPD Measurement is available on the IAESB website.

The International Education Standard (IES) 7, Continuing Professional Development: A program of Life long International Education Standard (IES) 7, Continuing Professional Development: A Program of Lifelong Learning and Continuing Development of Professional Competence, came into effect on January 1, 2006. It prescribes the obligations that IFAC member bodies have with respect to CPD for all professional accountants. The IAESB chairman Henry Saville pointed out, “All professional Accountants have a responsibility to maintain and develop their competence through participating in CDP throughout their working lives”

IAESB an independent standard-setting board within IFAC, develops standards and guidance on pre-qualification education, training, and continuing professional education and development for all members of the accounting profession.

IFAC is the worldwide organization for the accountancy profession dedicated to serve the public interest by strengthening the profession and contributing to the development of strong international economies.

For more information please visit the following website: www.ifac.org