Accounting is one of the largest teaching subjects in universities. However, it is almost impossible to recruit good teachers and researchers to the subject. We have experienced this ourselves as experts in Sweden and the other Nordic countries. In recent years, it has turned out that it has not been possible to fill professorships at Lund University and KTH. The description of the situation in Sweden is not unique; a similar situation exists in the Nordic countries, Europe and the USA. Over the next five-year period, there is a need for at least 50 new PhDs in accounting. The three universities (HHS, SU, UU) have a critical mass and can create a good environment for doctoral students. The faculty is internationally oriented and publishes regularly in the leading accounting journals. The research environments have succeeded in attracting research grants from funders with very high quality requirements. Since 2007, 23 doctoral students have completed their PhDs and 8 of these have received Wallander scholarships. Our ambition is to accept 6 doctoral students in the first year and then accept 3 doctoral students per year. Twice a year all doctoral students and supervisors will meet to discuss the doctoral students' thesis work. Two internationally leading researchers will be associated with the graduate school. The doctoral students at the graduate school will also be a natural part of the doctoral education at their home institutions.