IESs Implementation Support Presentation by IAESB Staff, April 2015

1. Page 1 | Confidential and Proprietary Information
IES 1, Entry Requirements to
Professional Accounting
Education Programs (Revised)
IESs Implementation Support Material
Prepared by: IAESB staff
April 2015

2. Page 2 | Confidential and Proprietary Information
Overview of Presentation
IES 1, Entry Requirements to Professional Accounting Educations Programs (Revised)
 Introduction
 Scope: What? Who? When? Why?
 Objective
 IES 1 establishes educational entry requirements to protect the public
interest
 Requirements & Explanatory Material
 Specify entry requirements for professional accounting education
programs
 Explain rationale of principles for setting requirements
 Make information publicly available

3. Page 3 | Confidential and Proprietary Information
Introduction - Scope
IES 1, Entry Requirements to Professional Accounting Educations Programs (Revised)
What?
 Prescribes principles for setting & communicating educational entry
requirements
Who?
 Targets IFAC member bodies, helpful to accountants, providers,
employers, regulators, & government authorities
When?
 Effective date: July 1, 2014
Why?
 To protect public interest by setting principles for entry requirements to
professional accounting education programs

4. Page 4 | Confidential and Proprietary Information
Objective
IES 1, Entry Requirements to Professional Accounting Educations Programs (Revised)
IES 1 establishes fair and proportionate educational
entry requirements for professional accounting
education programs
 Fair and proportionate requirements
 Neither too high nor too low
 Protect the public interest
 Provision of sufficient numbers of high-quality professional accountants

5. Page 5 | Confidential and Proprietary Information
Requirements
IES 1, Entry Requirements to Professional Accounting Educations Programs (Revised)
Specify educational entry requirements for professional
accounting education programs
 Allow entrance to those with reasonable chance of successful
completion
 A matter of judgment depending on a number of factors
 Not representing excessive barriers to entry
 Purpose to allow flexibility of access while not diluting standards of the
program or accounting profession

6. Page 6 | Confidential and Proprietary Information
Requirements
IES 1, Entry Requirements to Professional Accounting Educations Programs (Revised)
Explain rationale of principles to be used in setting
educational entry requirements
 Relevant education providers
 Education programs vary by jurisdiction and type
 Individuals considering a career as a professional accountant
 Flexibility of pathways does not dilute rigor of education
 Flexibility not intended to create different categories of professional
accountant

7. Page 7 | Confidential and Proprietary Information
Requirements
IES 1, Entry Requirements to Professional Accounting Educations Programs (Revised)
Make relevant information publicly available
 Criteria to meet entry requirements
 Content covered, its level, and methods of assessment

8. Page 8 | Confidential and Proprietary Information
Copyright © April 2015 by the International Federation of Accountants (IFAC). All
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IES 1, Entry Requirements to Professional Accounting Educations Programs (Revised)