The proposal is part of the IAESB's project to redraft all eight IES's, as outlined in its .

These revisions are being made to improve clarity, ensure consistency with concepts of the revised framework document; and clarify issues resulting from changes in the environment of accounting education and the experience gained from implementation of the Standards by IFAC member bodies, according to the exposure draft.

"All in all, it sounds like the IAESB is taking a pretty competent approach in modernizing the standards for assessing professional competence," according to .

The IAESB has provisionally agreed that the revised IES-6 will be effective for implementation for periods beginning on or after June 28, 2013, although this may change. Comments will be accepted until this July 28.