Accounting Profession in Pandemic Crisis: Impact and Adaptation in the Coronavirus Disease (COVID-19) Pandemic

Abstract

In this article, the researcher examines the impact and adaptation of the accounting profession in the Coronavirus disease (COVID-19) pandemic which has become a global crisis. Public health and social measures towards COVID-19 challenge the accounting profession in various aspects. Travel restrictions, social distancing and personal contact precautions affect the access to business establishments and accounting evidence. Those in the accounting profession must thoroughly consider the development and application of techniques and methods in performing duties in various aspects. This is to ensure that the performance has sufficient and appropriate evidence and is in compliance with the regulations of accounting and auditing standards. During the Coronavirus disease pandemic, the adaptation of those in the accounting profession in the use of technology, digital skills, and professional skepticism plays an important role in the achievement of the accounting profession in an efficient manner.