Focusing on graduate accounting education, the author contends that the existing graduate accounting programs are merely business school offshoots. The American Assembly of Collegiate Schools of Business (AACSB) exercises control over graduate and undergraduate accounting education and is composed of business school deans in a number of business areas, not purely in accounting. The author thus believes that the quality of accounting education is reduced. He proposes a graduate school of professional accountancy to both improve the quality of accounting education and to reduce its cost.
