As a consequence there have been sustained efforts by the Accounting and Finance Association of Australia and New Zealand (AFAANXZ) and the Joint Accounting Bodies (JAB) [1] in Australia to influence Australian government policy as a means of meeting the demand for suitably qualified graduates to enter the accounting profession (Cappelletto, 2010). The main government policy response in recent years has been to use migrants to address the skill shortage. Since 2001, international students studying accounting in Australia have been permitted to apply for permanent residence as long as they do so within six months of completing their accounting major. This strategy attracted large numbers of international accounting students and resulted inan influx of Australian-trained accounting graduates taking up the option of Australian residence via the migration policy. The lure of Australian residence led to a fivefold increase in accounting enrolments in the six years from 4,187 in 2002 to 20,210 by 2008 (Ross,2010).