The International Federation of Accountants (IFAC) released an exposure draft of proposed International Education Standard (IES), Competence Requirements for Audit Professionals ( www.ifac.org/eds ), to ensure auditors have the knowledge, skills, values, ethics and attitudes to perform competently. The proposed IES will apply not just to audit engagement partners but to all accountants responsible for making significant contributions to an overall audit opinion. Comments are due July 15, 2005.