ICAI Invites Public Comments on IPAE's Proposed Revisions to Sustainability Standards in IES 2, 3, and 4


Quick Summary
The Institute of Chartered Accountants of India (ICAI) is seeking public comments on proposed revisions to International Education Standards (IES) 2, 3, and 4, specifically concerning sustainability. As a member of the International Panel of Accountancy Education (IPAE), ICAI is reviewing these draft revisions and encourages all stakeholders to provide their input. The deadline for submitting comments is 10th July 2024.

Board of Studies
The Institute of Chartered Accountants of India
21st June, 2024

ICAI Seeks Comments on Sustainability Standards Revisions

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:
https://resource.cdn.icai.org/80828bos65033.pdf

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:
https://forms.gle/FjNGKFoAG1mQkKHA7

FAQ :

The proposed revisions are concerning International Education Standards (IES) 2, 3, and 4, specifically focusing on sustainability in accountancy education.

The Institute of Chartered Accountants of India (ICAI) is seeking public comments.

The International Panel of Accountancy Education (IPAE) acts as a strategic advisor for the International Federation of Accountants' (IFAC) work plan on accountancy education and recommends International Education Standards (IESs) and their revisions.

The deadline for submitting comments is 10th July 2024.

Stakeholders can submit their comments online via a provided link or by viewing the Exposure Draft at the given URL.




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