Explores a number of challenges for the Australian accounting profession in terms of contemporary engagement with Asia.
Introduction Through the geographic accident of being located close to what is the most extraordinary population and economic growth in human history, as we see in the Asian region, Australia is indeed a lucky country. But will we seize or squander this opportunity?
So says Dawson (2014) in his article in this volume. Our aim is to explore a number of challenges for the Australian accounting profession in terms of contemporary engagement with Asia. The accounting profession can be envisaged as consisting of three main, interrelated streams: practitioners who are largely employed by professional accounting firms and industry; higher education institutions responsible for the education of potential and actual graduate entrants into practice; and, finally, professional accounting bodies, which provide oversight in the interests of the profession and society (Laughlin, 2011). All of these streams are challenged by the expansion of Asia.