The Accounting Professional’s Competency Gaps

This paper reviews the accounting education literature focusing on the supply of and demand for accounting professional’s competencies. The main objective is to identify the adjustment between the university and the market and present a conceptual framework representing our findings. Through a critical literature review, constructs that substantiate a theoretical model of supply-demand adjustment were defined. Likewise, the gaps in this relationship were identified and characterized. The main result of the review is the identification of several constructs, among which seven gaps have been recognized, representing potential adjustment failures. Thus, this study provides an integrated understanding of the adjustment between the university and labor market of accounting professional’s competencies, presenting a conceptual framework that can be used in future research.