How accountants responded to the financial fallout owing to the COVID-19 pandemic

IF 2.1 Q2 BUSINESS, FINANCE Pacific Accounting Review Pub Date : 2022-07-14 DOI:10.1108/par-09-2020-0177
V. Botes, H. Davey, Daniel Esposo, B. R. Smit
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引用次数: 3

Abstract

Purpose Before the COVID-19 pandemic, the last time a crisis affected businesses worldwide by putting economies into hibernation was in 1918 – the Great Influenza Pandemic. Environmental, social and governance frameworks require businesses to respond to such crises as it significantly changes the business environment. With approximately 2.84 million accountants existing across 130 countries, this study aims to determine whether the accounting profession responded to this crisis. As these responses can provide insights into the type of activities accountants performed during the lockdown, the authors analysed them for emerging themes and identified changes in the way that accountants performed tasks. Design/methodology/approach Using search engines, the authors examined publicly available secondary sources such as websites of professional bodies, the Big Four and mid-tier accounting firms and government organisations using the keyword “COVID-19” to identify responses on issues faced by accountants during the 2020 lockdown period in New Zealand. The authors used interpretive text analysis to examine the responses for emerging themes. Findings The accountants’ responses to the COVID-19 pandemic emphasised information technology and soft skills but most importantly the interaction, integration and immersion of technical skills with information technology and soft skills. The findings also highlight changes in the way accountants performed their tasks. Originality/value The study insights enable accounting academics to better understand the interconnection between hard and soft skills for incorporating it in syllabi, thereby preparing students for future roles. In addition, the study findings will assist both practitioners and researchers to explore the emerging changes in the way accountants perform their tasks.
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会计师如何应对新冠肺炎疫情造成的财务影响
在2019冠状病毒病大流行之前,上一次危机通过使经济陷入冬眠来影响全球企业是在1918年——大流感大流行。环境、社会和治理框架要求企业应对此类危机,因为它极大地改变了商业环境。全球130个国家约有284万名会计师,本研究旨在确定会计行业是否应对了这场危机。由于这些回应可以提供对会计师在封锁期间执行的活动类型的见解,作者分析了它们的新主题,并确定了会计师执行任务方式的变化。使用搜索引擎,作者检查了公开可用的二手资源,如专业机构、四大会计师事务所和中级会计师事务所以及政府组织的网站,使用关键词“COVID-19”,以确定对新西兰2020年封锁期间会计师所面临问题的回应。作者使用解释性文本分析来研究对新兴主题的反应。会计师对COVID-19大流行的反应强调信息技术和软技能,但最重要的是技术技能与信息技术和软技能的互动、整合和沉浸。调查结果还强调了会计师执行任务方式的变化。独创性/价值研究的见解使会计学者能够更好地理解硬技能和软技能之间的联系,并将其纳入教学大纲,从而为学生未来的角色做好准备。此外,研究结果将有助于从业者和研究人员探索会计师执行任务方式的新变化。
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来源期刊
Pacific Accounting Review
Pacific Accounting Review BUSINESS, FINANCE-
CiteScore
3.80
自引率
9.50%
发文量
36
期刊介绍: Pacific Accounting Review is a quarterly journal publishing original research papers and book reviews. The journal is supported by all New Zealand Universities and has the backing of academics from many universities in the Pacific region. The journal publishes papers from both empirical and theoretical forms of research into current developments in accounting and finance and provides insight into how present practice is shaped and formed. Specific areas include but are not limited to: - Emerging Markets and Economies - Political/Social contexts - Financial Reporting - Auditing and Governance - Management Accounting.
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