(New York)- The International Accounting Education Standards Board (IAESB), announced on January 4, 2007 that it proposed new guidance to help IFAC member bodies develop practical experience programs for accounting students. The proposed new International Education Practice Statement (IEPS), entitled “Practical Experience Requirements - Initial Professional Development for Professional Accountants”, will help to ensure that accounting students develop the professional knowledge, skills, values, and attitudes required of professional accountants.
Henry Saville, IAESB Chair pointed out, the practical experience enables students to demonstrate not only that they have gained the necessary theoretical knowledge, but also that they are able to apply this knowledge in their day-to-day work as professional accountants.
Comments on the exposure draft are requested by March 31, 2007. Further, the exposure draft may be viewed by going to http://www.ifac.org/EDs
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 accountancy profession.
for more information please visit the following website: www.ifac.org