In recent years the demand for accountants has grown rapidly – by Depatment of Education Employment and Workplace Relations (DEEWR) estimates, st 12.6 per cent in the five years to 2007 (DEEWR, 2008). 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 of workers 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”.