In This Issue:

1. IAESB Publishes New Paper on CPD Measurement
2. IAESB Releases Revised IESs
3. IAAER/ACCA Research Competition Winning Proposals
4. New Project to Develop Guidance on IES 3 Approved
5. Project on Education Pronouncements' Drafting Conventions Launched
6. IAESB 2010-2012 Strategic and Operational Plan
7. Share IAESB eNews with Your Colleagues

1. IAESB Publishes New Paper on CPD Measurement

To assist in the development of effective CPD programs for professional accountants, the IAESB released Approaches to Continuing Professional Development (CPD) Measurement. Commissioned by the IAESB, the Professional Associations Research Network researched and prepared this information paper, which explains the elements of an effective CPD program. It examines current practices by accountancy and other professional associations, discusses approaches to measure a program's effectiveness and introduces a four-phase CPD model (planning, action, results, and reflection) that may be used to improve the effectiveness of CPD programs. The paper can be downloaded free-of-charge from the IFAC online bookstore at http://www.ifac.org/store.

For more information on the work of the IAESB, visit its home page at http://www.ifac.org/education.

2. IAESB Releases Revised IESs

To ensure that its education pronouncements remain relevant and that terminology is used more consistently throughout the standards, the IAESB approved editorial changes to and released International Education Standards (IESs) 1- 8. The board also updated the corresponding Framework (IAESB Framework for International Education Pronouncements) and Introduction (Introduction to the International Education Standards) in an effort to describe more clearly the role of the IAESB and its standard-setting process.

The board concluded that the editorial changes were not substantive in nature and that the revised pronouncements would not be exposed for public comment. These revised pronouncements may be downloaded in full or in part from the IFAC online bookstore at http://www.ifac.org/Store/Category.tmpl?Category=Education.

3. IAAER/ACCA Research Competition Winning Proposals

The winners of the IAAER/ACCA Research Competition have been named. Administered by the International Association for Accounting Education and Research (IAAER) and supported with funding from the Association of Chartered Certified Accountants, the competition was designed to promote and support research directed at developing theory and evidence informing the IAESB's standard-setting agenda. The four winners (along with the titles of their research projects) are:

1. Paul de Lange and Beverley Jackling, RMIT University, Melbourne, Australia and Themin Suwardy, Singapore Management University, Singapore (Access to CPD Opportunities and Resources to Assist Professional Accountants to Meet Their Commitment to Life Long Learning: Evidence from the Asia Pacific Region),
2. F. Greg Burton, Ervin L. Black, Lee H. Radebaugh, and Kevin D. Stocks, Brigham Young University, Provo, Utah, USA; Salvador Ruiz-de-Chavez, Mexican Association of Accounting and Business Faculty, Mexico, D.F., Mexico; and Edson Luiz Riccio, University of Sao Paulo, Brazil (How Does the Methodology of Education and Training in Ethics Affect the Ethical Awareness and Practice of the Professional Accountant?), and
3. Elizabeth Gammie, Susan Hamilton, and Erica Cargill, The Robert Gordon University, Aberdeen, Scotland (Searching for Best Practice in the Development and Assessment of Non-Technical Skills in Accountancy Trainees - A Global Study).
4. Professor Christine Helliar, University of Dundee, Dundee, Scotland; Dr. Elizabeth Monk, University of Dundee; Dr. Louise Crawford, University of Dundee; Professor Claudio Teodori, Brescia University, Owensboro, Kentucky, U.S.A.; Dr. Monica Veneziani, Brescia University; Dr. Simeon Wanyama, Uganda Martyrs University, Kampala, Uganda; and Khalid Falgi, University of Dundee (The State of IES Compliance in Europe, Africa and the Middle East).

The winning research teams will be asked to meet specified milestones during 2009, with the project's final results being presented at the 2010 World Congress of Accounting Educators and Researchers. The final deliverable will focus on highlighting the significance of the findings to the IAESB. For more information, read the announcement.

4. New Project to Develop Guidance on IES 3 Approved

At its meeting in Dublin, Ireland in May 2008, the IAESB approved a project proposal to develop a practice statement to assist member bodies in implementing International Education Standard (IES) 3, Professional Skills and General Education. A project task force will prepare a paper for the Board's September 2008 meeting in Madrid, Spain. Highlights of previous IAESB meetings are available at http://www.ifac.org/Education/Meetings.php.

5. Project on Education Pronouncements' Drafting Conventions Launched

The IAESB approved a proposal to develop a guide on drafting conventions for IAESB Education Pronouncements and an IAESB Glossary. The guide is being developed as an internal document to assist the IAESB task force and staff members in drafting pronouncements with guidelines in the following areas: structure, organization, authority of publication, use of terminology, and tone of language. The task force will prepare an issues paper for the September 2008 meeting in Madrid, Spain. Previous IAESB meeting highlights may be accessed at http://www.ifac.org/Education/Meetings.php.

6. IAESB 2010-2012 Strategic and Operational Plan

The IAESB has begun developing its 2010-2012 Strategic and Operational Plan and is consulting interested stakeholders as part of the process to identify issues and themes that it expects to address. The themes include identifying communication activities to promote awareness of IAESB pronouncements and developing additional guidance to implement IESs. The Board is expected to identify issues that will be addressed in its strategic plan at its meeting in Madrid, Spain in September 2008. An exposure draft of the Strategic Plan is expected to be released for public comment in 2009.

7.Share IAESB eNews with Your Colleagues

The IAESB issues regular eNews updates to keep you current on its activities and recent publications. Please forward this eNews to any interested colleagues and advise them that they can subscribe to receive the next issue of IAESB eNews directly into their inbox by following these simple steps:

1. Go to the eNews sign-up page at http://www.ifac.org/E-news/index.tmpl.
2. Enter their email address, name and country.
3. Select "IAESB eNews" from the checklist as well as any other eNews alerts that IFAC publishes.

For more information about any of the items mentioned above or about the IAESB, please contact pr@ifac.org, or visit the IAESB's home page at http://www.ifac.org/education.

About the IAESB
The IAESB, an independent standard-setting board within IFAC, develops standards and guidance on prequalification education, training, and continuing professional education and development for all members of the accountancy profession. The Public Interest Oversight Board oversees the activities of the IAESB and, as one element of that oversight, establishes its due process and working procedures.

About IFAC
Founded in 1977, IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 157 members and associates in 123 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. In addition to setting international education standards through the IAESB, IFAC, through its independent standard-setting boards, sets standards on ethics, auditing and assurance, and public sector accounting. It also issues guidance to encourage high quality performance by professional accountants in business.