If Eyes are the Window to Our Soul, What Role does Eye Tracking Play in Accounting Research?

Recent advances in technology have increased the accessibility and ease in using eye tracking as a research tool in both laboratory and field settings. These advances have the potential to benefit behavioral accounting researchers' understanding of the cognitive processes underlying individuals' judgments, decisions and behaviors. However, despite its potential and wide use in other disciplines, few behavioral accounting studies use eye tracking. The purpose of this paper is to familiarize accounting researchers with eye tracking including its advantages and limitations as a research tool. We start by providing an overview of eye tracking and discussing essential terms and useful metrics, as well as the psychological constructs they proxy. We then summarize eye-tracking research across research domains, review accounting studies that use eye tracking, and identify future research directions across accounting topics. Finally, we provide an instructional resource to guide those researchers interested in usi...