Technical Issue

A monthly handout of Research Department, ICMAP This Update by the Research Department of the Institute of Cost and Management Accountants of Pakistan aims at keeping our members, both practicing and employed, abreast with the developments taking place globally and nationally in the areas of management accounting, multinational Accounting Standards (IASs), International Financial Reporting Standards (IFRSs), exposure drafts issued by IFAC, IASB, SAFA etc as fountainhead as the policy changes made by regulating agencies in Pakistan. (Issue no. 59) April 2011 Revised Standard on maestro Values, morals and Attitudes issued by IAESB The International Accounting Education Standards Board (IAESB)OF IFAC has released a proposed revision of International Education Standard (IES) 4 - Professional Values, Ethics, and Attitudes, as part of its project to improve the clarity of its standards. The rewrite standard proposes that the development of lord values, ethics, and attitudes be addressed by learning and development activities that occur throughout the career of the master key accountant.

IES 4 will be helpful to educational organizations, employers, regulators, government authorities, and other stakeholders who support the learning and development of professional accountants. It besides lays the foundation for aspiring professional accountants to exercise professional astuteness in the public interest.. The current version of IES 4 was published in May 2004 and became effective on January 1, 2006. IES 4 prescribes the professional values, ethics, and attitudes that professional accountants should acquire during the education program leading to qualification. In addition to a formal program assessment and a learning outcome approach, the IAESB also proposes a requirement on reflective activity where professional accountants and students undertake the practice of documenting experiences relating to lessons acquire from ethical dilemmas and situations. The... If you want to get a full essay, run it on our website: Orderessay

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