International Accounting Education Standards Board ( IAESB) has proposed on September 7, 2006, new guidance to help professional accountants meet one of their most difficult challenges: making ethical decisions. The proposed new International Education Practice Statement (IEPS) entitled “Approaches to Developing and Maintaining Professional Values, Ethics and Attitudes”, is designed to assist IFAC member bodies in developing ethics education and continuing professional development programs for their members.
 
IAESB Chair, Henry Saville, stated that: Ethics education programs enhance professional accountants' ethical judgment and decision making. The guidance proposed by the IAESB will help member bodies to develop these skills in current and future professional accountants.

The proposed practice statement provides guidance to IFAC member bodies on how to achieve good practice in developing and maintaining professional values, ethics and attitudes in accordance with the requirements in International Education Standard (IES) 4, Professional Values, Ethics and Attitudes.

IAESB is 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.

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