The article focuses on an analysis of accountancy education in the Republic of China. Generally speaking, the educational system for accounting in the Republic of China is on the right track with three levels of institutions in the regular educational system and a number of special training programs. Inadequate salaries and inadequate research facilities result in the outflow of experts and highly trained persons to foreign countries and to industrial and commercial fields, which bears its significance upon the shortage of teaching faculty in all levels of educational institutes. The shortage is again accelerated by the increase in the number of schools and number of students. The shortage of teaching faculty gives rise to two problems, such as, too many part-time teachers, and heavy teaching loads. These problems hinder the regular progress of accountancy education in the Republic of China. Exchange programs with other countries stimulate to a considerable extent the progress of accountancy education in the Republic of China, especially on the university level. It is earnestly hoped that these programs would be carried out more extensively.