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IFAC releases revised exposure draft on mandatory continuing education.


A commitment to maintaining professional competence through lifelong learning Lifelong learning is the concept that "It's never too soon or too late for learning", a philosophy that has taken root in a whole host of different organisations. Lifelong learning is attitudinal; that one can and should be open to new ideas, decisions, skills or behaviors.  is critical for accountants to meet the needs of a competitive worldwide economy and carry out their public-interest responsibilities. This is one of the fundamental premises in an exposure draft of a proposed new standard issued by the International Federation of Accountants' Education Committee. Comments are due Dec. 31.

The proposed standard, Continuing Professional Development CPD is the means by which members of professional associations maintain, improve and broaden their knowledge and skills and develop the personal qualities required in their professional lives. : A Program of Lifelong Learning and Continuing Development of Professional Competence, prescribes mandatory continuing professional development for all professional accountants, including those working for accounting firms, corporations, small or medium enterprises, public sector organizations or in other environments. All IFAC IFAC - International Federation of Automatic Control, involved in informatics related to control systems.  member bodies are expected to comply with the standard from the proposed effective date of Jan. 1, 2006.

The standard advocates a broader view of CPD CPD citrate phosphate dextrose; see anticoagulant citrate phosphate dextrose solution, under solution.
Cephalopelvic disproportion (CPD) 
, one that encompasses a wider range of learning and development opportunities that assist professional accountants to maintain competence. It focuses on the need for CPD to be relevant to the accountant's professional responsibilities and introduces the concepts of CPD as verifiable and measurable learning activities and outcomes.

IFAC's Education Committee released two initial EDs on this topic in July 2002. Having considered the range of comments received, the committee reviewed its approach and released the revised standard for comment.

Download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer.  the ED from the IFAC Web site at www.ifac.org/EDs/. E-mail responses to EDComments@ifac.org or mail them to Claire Egan, Technical Manager, IFAC, 545 Fifth Avenue, 14th Floor, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, NY 10017.
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Title Annotation:accounting & auditing news; International Federation of Accountants' Education Committee
Publication:CPA Letter
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 1, 2003
Words:246
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