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The proposed revisions enhance the current standard and encourage professional accountancy organizations look at how their continuing Professional development (CPD) systems are measured, monitored, and enforced. CPD applies to all professional accountants and supports their development and maintenance of professional accountancy competence to deliver high-quality services for their clients, employers, and other stakeholders.
“Many CPD programs will benefit from a more innovative approach to learning and development given technological and educational advances,” said Chris Austin, IAESB Chair. “This proposed standard embraces innovation and changes in learning by enhancing existing requirements and focusing recommended measurement approaches on learning while emphasizing the range of available approaches.”
In addition to professional accountancy organizations, this proposed standard will help educational organizations, employers, regulators, government authorities, and other relevant stakeholders who are involved in, or support, professional accountants’ continuing development.
Comments on the ED are requested by September 5, 2017.