Research Article
Heri Yanto, Soo-Fen Fam, Niswa
Abstract
An important consequence of ASEAN Economic Community (AEC) implementation is the ratification of mutual recognition arrangement enabling accountants in the region can work and operate in all member states. Accounting department should prepare its graduates to have competencies to deal with internationalization of accountant profession. Indonesia Chartered Accountant (IAI) has yet finished establishing accounting competency framework. The research focusing on identifying international competency of accounting seems to be very limited in number. The objective of the study is to develop international competency indicators of accounting graduates. This research employed focused group discussion and survey by asking academics and practitioners to validate accounting competencies required by graduates to work in local and international levels. This study collected data from 120 respondents comprising of 59 academics and 61 practitioners. Using ten-point-Likert scale and descriptive analysis, this study identified 44 accounting competency indicators grouping into six competency factors. There is no significant difference of academics’ and practitioners’ perceptions toward international competency of accounting. Accounting departments should use the accounting competency indicators for designing a curriculum, while IAI could use the indicators for establishing accounting competency framework as well as for designing accountant profession curriculum.