diff --git a/CHANGELOG.md b/CHANGELOG.md
index 67ac75261..59ac914cd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -56,6 +56,7 @@ Currently, this repo is in Prerelease. When it is released, this project will ad
 - Exports `useMediaQuery` and `chakra` from Chakra UI.
 - Updates `Accordion` to close focused panel when "esc" key is pressed.
 - Updates the `TextInput` and `SearchBar` components to better associate the input element to the entire component's helper text.
+- Updates `Accordion` to close panel when element within panel is focused and "esc" key is pressed.
 
 ## 3.1.4 (May 23, 2024)
 
diff --git a/src/components/Accordion/Accordion.mdx b/src/components/Accordion/Accordion.mdx
index 84c6609b1..9deb30dbb 100644
--- a/src/components/Accordion/Accordion.mdx
+++ b/src/components/Accordion/Accordion.mdx
@@ -118,7 +118,7 @@ const accordionData = [
   - The `ariaLabel` key available within the `accordionData` array entries can set
     a unique value for each accordion within an accordion group.
 - If the user presses the 'esc' key and focus is on an open accordion panel,
-  that panel will close.
+  that panel will close and focus will return to the accordion's button.
 
 Resources:
 
diff --git a/src/components/Accordion/Accordion.test.tsx b/src/components/Accordion/Accordion.test.tsx
index 99473d83d..9e001f6cf 100644
--- a/src/components/Accordion/Accordion.test.tsx
+++ b/src/components/Accordion/Accordion.test.tsx
@@ -83,8 +83,13 @@ export const accordionData = [
     label: "Tom Nook",
     panel: (
       <p>
-        Tom Nook, <b>known in Japan as Tanukichi</b>, is a fictional character
-        in the Animal Crossing series who operates the village store.
+        Tom Nook,
+        <b>
+          {/* eslint-disable-next-line jsx-a11y/anchor-is-valid */}
+          known in <a href="#">Japan</a> as Tanukichi
+        </b>
+        , is a fictional character in the Animal Crossing series who operates
+        the village store.
       </p>
     ),
   },
@@ -146,7 +151,7 @@ describe("Accordion", () => {
 
     const accordionLabel = screen.getByRole("button", { name: "Tom Nook" });
     let accordionPanelContent = screen.queryByText(
-      /known in Japan as Tanukichi/i
+      /operates the village store/i
     );
     expect(accordionLabel).toHaveAttribute("aria-expanded", "false");
     // The panel's content should not be in the DOM unless the Accordion is open.
@@ -154,25 +159,39 @@ describe("Accordion", () => {
 
     userEvent.click(accordionLabel);
 
-    accordionPanelContent = screen.queryByText(/known in Japan as Tanukichi/i);
+    accordionPanelContent = screen.queryByText(/operates the village store/i);
     expect(accordionLabel).toHaveAttribute("aria-expanded", "true");
     expect(accordionPanelContent).toBeInTheDocument();
   });
 
-  it("closes the accordion when the 'esc' key is pressed", async () => {
-    render(<Accordion accordionData={[accordionData[0]]} isDefaultOpen />);
+  it("closes the accordion when the button is in focus and the 'esc' key is pressed", async () => {
+    render(<Accordion accordionData={[accordionData[0]]} />);
 
-    const accordionLabel = screen.getByRole("button", { name: "Tom Nook" });
-    let accordionPanelContent = screen.queryByText(
-      /known in Japan as Tanukichi/i
-    );
-    expect(accordionLabel).toHaveAttribute("aria-expanded", "true");
-    expect(accordionPanelContent).toBeInTheDocument();
+    const accordionButton = screen.getByRole("button");
 
-    await userEvent.type(accordionLabel, "[Escape]");
+    await userEvent.click(accordionButton);
 
-    expect(accordionLabel).toHaveAttribute("aria-expanded", "false");
-    expect(accordionPanelContent).not.toBeInTheDocument();
+    expect(accordionButton.getAttribute("aria-expanded")).toEqual("true");
+
+    await userEvent.keyboard("[Escape]");
+
+    expect(accordionButton).toHaveAttribute("aria-expanded", "false");
+  });
+
+  it("closes the accordion when an element in the panel is focused and the 'esc' key is pressed", async () => {
+    render(<Accordion accordionData={[accordionData[0]]} />);
+
+    const accordionButton = screen.getByRole("button");
+
+    await userEvent.click(accordionButton);
+
+    expect(accordionButton.getAttribute("aria-expanded")).toEqual("true");
+
+    const linkInPanel = screen.getByRole("link");
+
+    await userEvent.type(linkInPanel, "[Escape]");
+
+    expect(accordionButton).toHaveAttribute("aria-expanded", "false");
   });
 
   it("always renders its content when isAlwaysRendered is true", () => {
@@ -180,7 +199,7 @@ describe("Accordion", () => {
 
     const accordionLabel = screen.getByRole("button", { name: "Tom Nook" });
     let accordionPanelContent = screen.queryByText(
-      /known in Japan as Tanukichi/i
+      /operates the village store/i
     );
     expect(accordionLabel).toHaveAttribute("aria-expanded", "false");
     expect(accordionPanelContent).toBeInTheDocument();
@@ -226,6 +245,29 @@ describe("Accordion", () => {
     expect(accordion3).toHaveAttribute("aria-expanded", "true");
   });
 
+  it("closes only the focused accordion when there are multiple accordions and the 'esc' key is pressed", async () => {
+    render(<Accordion accordionData={accordionData} />);
+
+    const accordion1 = screen.getByRole("button", { name: "Tom Nook" });
+    const accordion3 = screen.getByRole("button", { name: "K.K. Slider" });
+
+    expect(accordion1).toHaveAttribute("aria-expanded", "false");
+    expect(accordion3).toHaveAttribute("aria-expanded", "false");
+
+    userEvent.click(accordion1);
+    userEvent.click(accordion3);
+
+    expect(accordion1).toHaveAttribute("aria-expanded", "true");
+    expect(accordion3).toHaveAttribute("aria-expanded", "true");
+
+    const linkInPanel1 = screen.getByRole("link");
+
+    userEvent.type(linkInPanel1, "[Escape]");
+
+    expect(accordion1).toHaveAttribute("aria-expanded", "false");
+    expect(accordion3).toHaveAttribute("aria-expanded", "true");
+  });
+
   describe("Check aria-label values", () => {
     it("renders with attribute generated from component prop", () => {
       render(
diff --git a/src/components/Accordion/Accordion.tsx b/src/components/Accordion/Accordion.tsx
index 15089afc6..39f2267fb 100644
--- a/src/components/Accordion/Accordion.tsx
+++ b/src/components/Accordion/Accordion.tsx
@@ -224,16 +224,41 @@ export const Accordion: ChakraComponent<
       isDefaultOpen ? [0] : []
     );
 
+    // If the accordionData doesn't already contain refs for the panel
+    // buttons, add them now.
+    const updatedAccordionData = accordionData.map((item) => ({
+      ...item,
+      buttonInteractionRef: item.buttonInteractionRef || React.createRef(),
+    }));
+
     const handleKeyDown = (e) => {
-      // If the 'esc' key is pressed,
-      if (e.keyCode === 27) {
-        const focusedPanelIndex = Number(e.target.dataset.index);
-        // collapse the currently focused panel.
-        // (Nothing will happen if the currently
-        // focused panel is already collapsed.)
+      // If the 'esc' key is pressed, find the panel the
+      // user is focused on or within, and remove it as
+      // an expanded panel. (Nothing will happen if the
+      // panel is already collapsed.)
+      if (e.code === "Escape") {
+        let focusedPanelIndex;
+        if (e.target.dataset.index) {
+          // If the user is focused on an accordion button...
+          focusedPanelIndex = Number(e.target.dataset.index);
+        } else {
+          // If the user is focused on an element within the panel...
+          focusedPanelIndex = Number(
+            e.target.closest("[role='region']").id.split("-").pop()
+          );
+        }
+
         setExpandedPanels(
           expandedPanels.filter((i) => i !== focusedPanelIndex)
         );
+
+        // If something *inside* the accordion was in focus and 'esc' was clicked,
+        // return focus to the accordion panel
+        if (updatedAccordionData[focusedPanelIndex].buttonInteractionRef) {
+          updatedAccordionData[
+            focusedPanelIndex
+          ].buttonInteractionRef.current.focus();
+        }
       }
     };
 
@@ -248,7 +273,7 @@ export const Accordion: ChakraComponent<
         {...rest}
       >
         {getElementsFromData(
-          accordionData,
+          updatedAccordionData,
           ariaLabel,
           id,
           isAlwaysRendered,
diff --git a/src/components/Accordion/accordionChangelogData.ts b/src/components/Accordion/accordionChangelogData.ts
index a3e6dbe7f..2cc54e80d 100644
--- a/src/components/Accordion/accordionChangelogData.ts
+++ b/src/components/Accordion/accordionChangelogData.ts
@@ -14,7 +14,10 @@ export const changelogData: ChangelogData[] = [
     version: "3.1.4",
     type: "Update",
     affects: ["Accessibility", "Functionality"],
-    notes: ["Adds logic to close accordion when 'esc' key is pressed"],
+    notes: [
+      "Adds logic to close accordion when accordion button is focused and 'esc' key is pressed",
+      "Adds logic to close accordion when element within panel is focused and 'esc' key is pressed",
+    ],
   },
   {
     date: "2024-03-14",
diff --git a/src/components/MultiSelect/MultiSelect.mdx b/src/components/MultiSelect/MultiSelect.mdx
index 502d334d4..e8e995f0d 100644
--- a/src/components/MultiSelect/MultiSelect.mdx
+++ b/src/components/MultiSelect/MultiSelect.mdx
@@ -95,6 +95,9 @@ Accordion:
   - Use the `aria-controls` attribute to associate the control with the panel.
 - The open and close icons are decorative (`aria-hidden` is `true`).
 - Visible focus goes around full button and full button is clickable.
+- Because the `MultiSelect` utilizes the `Accordion`, the same functionality applies when
+  the user presses the 'esc' key and focus is on an open panel: that panel will close and
+  focus will return to the panel's button.
 
 Checkbox:
 
diff --git a/src/components/MultiSelect/MultiSelect.test.tsx b/src/components/MultiSelect/MultiSelect.test.tsx
index 3d458602f..088e7a027 100644
--- a/src/components/MultiSelect/MultiSelect.test.tsx
+++ b/src/components/MultiSelect/MultiSelect.test.tsx
@@ -263,6 +263,34 @@ describe.skip("MultiSelect", () => {
     ).not.toBeInTheDocument();
   });
 
+  it("closes the multiselect when the 'esc' key is pressed", async () => {
+    render(
+      <MultiSelect
+        id="multiselect-test-id"
+        buttonText="Multiselect button text"
+        defaultItemsVisible={defaultItemsVisible}
+        items={items}
+        isDefaultOpen={true}
+        isSearchable={false}
+        isBlockElement={false}
+        selectedItems={selectedTestItems}
+        onChange={() => null}
+        onClear={() => null}
+      />
+    );
+
+    const multiSelectButton = screen.getByRole("button");
+    const multiSelectCheckbox = screen.getByRole("checkbox", { name: /dogs/i });
+
+    expect(multiSelectButton.getAttribute("aria-expanded")).toEqual("true");
+
+    await userEvent.click(multiSelectCheckbox);
+
+    await userEvent.keyboard("[Escape]");
+
+    expect(multiSelectButton).toHaveAttribute("aria-expanded", "false");
+  });
+
   it("should allow user to toggle menu by clicking menu button or use the 'Enter'/'Spacebar' key", () => {
     render(
       <MultiSelect
diff --git a/src/components/MultiSelect/MultiSelect.tsx b/src/components/MultiSelect/MultiSelect.tsx
index 28f5e9ec5..2c8dcff9c 100644
--- a/src/components/MultiSelect/MultiSelect.tsx
+++ b/src/components/MultiSelect/MultiSelect.tsx
@@ -4,7 +4,7 @@ import {
   ChakraComponent,
   useMultiStyleConfig,
 } from "@chakra-ui/react";
-import React, { useState, forwardRef, useRef } from "react";
+import React, { forwardRef, useRef, useState } from "react";
 
 import Accordion from "./../Accordion/Accordion";
 import Button from "./../Button/Button";
@@ -95,7 +95,7 @@ export const MultiSelect: ChakraComponent<
 
       // Create a ref to hold a reference to the accordian button, enabling us
       // to programmatically focus it.
-      const accordianButtonRef: React.RefObject<HTMLDivElement> =
+      const accordionButtonRef: React.RefObject<HTMLDivElement> =
         useRef<HTMLDivElement>();
       const expandToggleButtonRef: React.RefObject<HTMLButtonElement> =
         useRef<HTMLButtonElement>();
@@ -364,7 +364,7 @@ export const MultiSelect: ChakraComponent<
               {
                 accordionType: "default",
                 // Pass the ref for interaction with the accordion button.
-                buttonInteractionRef: accordianButtonRef,
+                buttonInteractionRef: accordionButtonRef,
                 label: accordionLabel,
                 panel: accordionPanel,
               },
@@ -387,7 +387,7 @@ export const MultiSelect: ChakraComponent<
               selectedItemsString={selectedItemsString}
               selectedItemsCount={selectedItemsCount}
               onClear={onClear}
-              accordianButtonRef={accordianButtonRef}
+              accordionButtonRef={accordionButtonRef}
             />
           )}
         </Box>
diff --git a/src/components/MultiSelect/MultiSelectItemsCountButton.tsx b/src/components/MultiSelect/MultiSelectItemsCountButton.tsx
index 2e13dfda2..782a9135f 100644
--- a/src/components/MultiSelect/MultiSelectItemsCountButton.tsx
+++ b/src/components/MultiSelect/MultiSelectItemsCountButton.tsx
@@ -24,7 +24,7 @@ export interface MultiSelectItemsCountButtonProps {
   /** The action to perform for key down event. */
   onKeyDown?: () => void;
   /** Ref to the Accordion Button element. */
-  accordianButtonRef: any;
+  accordionButtonRef: any;
 }
 
 /**
@@ -42,7 +42,7 @@ const MultiSelectItemsCountButton = forwardRef<
     isOpen,
     multiSelectId,
     multiSelectLabelText,
-    accordianButtonRef,
+    accordionButtonRef,
     onClear,
     selectedItemsString,
     selectedItemsCount,
@@ -66,7 +66,7 @@ const MultiSelectItemsCountButton = forwardRef<
         onClear && onClear();
         // Set focus on the Accordion Button when close the
         // selected items count button.
-        accordianButtonRef.current?.focus();
+        accordionButtonRef.current?.focus();
       }}
       __css={styles}
     >