Abstract The education of a public accountant can be divided into four stages: undergraduate education, graduate education, staff training programs conducted by the firms, and continuing professional education through direct and indirect participation in the broad activities of professional organizations. While the majority of persons who have entered the profession in the past twenty-five years have not had the benefit of formal graduate study, an ever-increasing number feel the need or desire for more advanced formal education. The successful public accountant has had to continue to apply himself both to meet the rapidly changing conditions in the world's economy and to keep up with the increasing and expanding demands for his services. As the economy continues to grow and become more complex, the demands on, and for, trained accountants, both public and private will become more critical. The accountant in the future will have to be better trained than his counterpart of today. The need for specialization will become more apparent than it is now.