Regression analysis: Simple Linear Regression Multiple Linear Regression
IES 2 - Technical Competence
1. Page 1 | Confidential and Proprietary Information
IES 2, Initial Professional
Development – Technical
Competence (Revised)
IES Implementation Support Material
Prepared by: IAESB staff
April 2015
2. Page 2 | Confidential and Proprietary Information
Overview of Presentation
IES 2, Initial Professional Development – Technical Competence (Revised)
Introduction
Scope: Who? What? When? Why?
Objective
IES 2 establishes the technical competence to perform a role as a
professional accountant
Requirements & Explanatory Material
Prescribe learning outcomes to be achieved by aspiring professional
accountants by the end of IPD
Review & update professional accounting education program
Establish assessment activities to measure achievement of technical
competence
3. Page 3 | Confidential and Proprietary Information
Introduction - Scope
IES 2, Initial Professional Development – Technical Competence (Revised)
What?
Prescribes learning outcomes for technical competence required by the
end of initial professional development
Who?
Targets IFAC member bodies, helpful to accountants, providers,
employers, regulators, & government authorities
When?
Effective date: July 1, 2015
Why?
To protect the public interest by improving the quality of professional
accounting education to enhance competence and judgment of
professional accountants
4. Page 4 | Confidential and Proprietary Information
Objective
IES 2, Initial Professional Development – Technical Competence (Revised)
IES 2 establishes the technical competence needed by
aspiring professional accountants
Establishing technical competence serves to
Protect the public interest
Enhance the quality of work by professional accountants
Promote the credibility of the accountancy profession
Requiring technical competence to be achieved by the end of IPD to
Perform a role as a professional accountant
5. Page 5 | Confidential and Proprietary Information
IES 2, Initial Professional Development – Technical Competence (Revised)
Prescribe learning outcomes to be achieved by aspiring
professional accountants by the end of IPD
11 Competence Areas & accompanying Proficiency Levels
46 Learning Outcomes
IFAC Member Body may:
include additional competence areas;
increase the level of proficiency for some competence areas; or
develop additional learning outcomes
Requirements
6. Page 6 | Confidential and Proprietary Information
Requirements
IES 2, Initial Professional Development – Technical Competence (Revised)
Review & update professional accounting education
programs
Design supports aspiring professional accountants
Includes formal education & workplace training
Design may involve substantive input from stakeholders other than
IFAC member bodies
Regularly review & update
Typical cycle 3 to 5 years
More frequent when changes occur to legislation, regulations & standards
relevant to professional accountants
7. Page 7 | Confidential and Proprietary Information
Requirements
IES 2, Initial Professional Development – Technical Competence (Revised)
Establish assessment activities to measure achievement
of technical competence
Assignment principles of IES 6 apply to design assessment activities
Various assessment activities can be used to measure achievement of
the technical competence (e.g., written examinations, case studies,
written essays, objective testing, workplace assessments, evaluation
of prior learning)