The Future of Accountancy Education is Here: Have Your Say!
In an era where sustainability is at the forefront of global concerns, the Institute of Chartered Accountants of India (ICAI) is taking significant strides to align accountancy education with these crucial values. As part of its ongoing commitment to high-quality education and its strategic role within the International Federation of Accountants (IFAC), ICAI is reaching out to its community for valuable feedback.
Why Your Input Matters
The International Panel of Accountancy Education (IPAE), an advisory body to IFAC, has released an Exposure Draft on proposed revisions to International Education Standards (IES) 2, 3, and 4, specifically focusing on sustainability. These revisions are crucial as they aim to integrate sustainability into the core of accountancy education, ensuring that future professionals are well-equipped to tackle environmental and social challenges.
Your insights and opinions are essential in shaping these standards. By participating in this consultation process, you are contributing to the development of a curriculum that not only meets international benchmarks but also prepares accountants to be leaders in sustainability.
ICAI Announcement
Board of Studies
The Institute of Chartered Accountants of India
21st June, 2024
Subject: Exposure Draft on Proposed Revisions to ‘IES 2, 3, and 4 – Sustainability’ – For Public Comments
ICAI being a member of the International Federation of Accountants (IFAC) represents in the International Panel of Accountancy Education (IPAE). IPAE acts as a strategic advisor for IFAC’s accountancy education work plan and advocates for high-quality accountancy education globally. It recommends International Education Standards (IESs) and their revisions to IFAC. As an IFAC Member Body, ICAI considers these IESs for developing its entry-level requirements, Chartered Accountancy Course Curriculum including practical training requirements and its assessment.
Recently, IPAE has released ‘Exposure Drafts on Proposed Revisions to IES 2, 3, and 4 – Sustainability,’ seeking public comments from various stakeholders across the IFAC Member Bodies. Accordingly, inputs/comments are sought from all the stakeholders of ICAI on the Exposure Draft issued by IPAE latest by 10th July, 2024.
To view the Exposure Draft click the below link:
Exposure Draft on Proposed Revisions to IES 2, 3, and 4 – Sustainability
Your feedback is crucial in shaping the future of accountancy education standards and ensuring they align with sustainability goals.
Click on the below link to submit the comments online:
Submit Comments Online
How to Participate
- Review the Draft: Familiarize yourself with the proposed changes by accessing the Exposure Draft.
- Submit Your Feedback: Provide your comments and suggestions via the online feedback form by 10th July 2024.
The Impact of Your Feedback
By engaging in this consultation, you are playing a pivotal role in enhancing the relevance and quality of the accountancy profession. Your feedback will help ensure that the education standards not only meet the evolving demands of the profession but also contribute positively to global sustainability efforts.
Stay Informed and Involved
Keep an eye on further updates from ICAI regarding the adoption and implementation of these revised standards. Your participation today paves the way for a more sustainable and responsible accounting profession tomorrow.
