The perceived shortage of suitable accounting
graduates remains even in the aftermath of the global financial crisis where in Australia
there are about 158,000 professional accountants. More recently, DEEWR (2011) reports
that the “[. . .] vacancy level for accountants is very high.The proportion ofworkers leaving
the occupation (and needing to be replaced) is 9.7 per cent [. . .] [They] claim the mix of
industries employing accountants is very favourable for employment growth prospects”.