However, the study has some limitations. There may be other competencies and factors influencing Thai accounting students readiness for the AEC which were not considered in this study. This is because the factors used were based on the Thai Education Standards initiative in force since 2011. The inclusion of first year students who are still early in their accounting education is another limitation of this study. This is because their level of maturity might be different from the more senior students. This study also lacks a comparison of factors affecting accounting education, and the readiness of students from other Thai universities and other ASEAN member countries. Therefore, comparative studies of factors influencing the development of accounting education and the readiness of accounting students in other ASEAN countries are also recommended.