The International Accounting Education Standards Board (IAESB) has proposed a revision of an education standard which will emphasize learning and development within the accountancy profession.

The revision of International Education Standard (IES) 7, Continuing Professional Development puts the emphasis on learning and development directly related to accountants’ responsibilities rather than the minimum hours focused on continuing professional development (CPD).

The proposed revisions aim at enhancing the current standard and encouraging professional accountancy organisations to look at how their CPD systems are measured, monitored and enforced.

The Exposure Draft is open for comment until 5 September 2017 and can be found here.