The International Accounting Education
Standards Board (IAESB) has issued an exposure draft with a revised
education standard on professional values, ethics and
The revised International Education Standard
(IES) 4 aims to improve clarity and the development of professional
values, ethics, and attitudes addressed by learning and development
activities affecting a professional accountant throughout their
IAESB chairman Mark Allison said the
assessment of the elements of professional accountancy programmes –
including professional values, ethics and attitudes as outlined in
IES 4 – is essential to both the development and the maintenance of
“It lays the foundation for aspiring
professional accountants to exercise professional judgment in the
public interest,” Allison said.
Comments on the revised IES 4 can be sent to
the IAESB until 15 July.
The IAESB has been redrafting all eight of its
IESs since December 2010. The redrafting project is expected to be
complete in early 2013.