Nguyen and Gong (2012) examined accounting reform and the convergence of Vietnamese accounting standards with the international standards. They found that Vietnamese accountants have poor competency compared with other AEC countries such as Singapore, Malaysia, Thailand, and Indonesia. Steelyana (2012) studied the competency of Indonesian accountants in the light of the establishment of the AEC. He found that the quality of the competency of Indonesian accountants needs to be developed and improved. Pongtanee (2008) investigated the importance placed by organisations and authorities on certain characteristics of accounting graduates in Thailand namely,Knowledge, Skills, Values, and Personality. She found that organisations place the most emphasis on accounting graduates’ Values and Morality, followed by their Skills, Knowledge and Personality respectively.