Accounting for the Coronavirus

This article examines challenges facing accountants due to economic and financial stress increasing at the same time that oversight may be relaxing, provides insight into the question of whether we should expect a rise in accounting manipulations, and concludes with comments on mitigating hindsight bias.

19 minute read August 01, 2020 at 12:03 AM
By
John Drum and Melissa Rutzen
Accounting for the Coronavirus

The economic shutdown resulting from the responses to the global coronavirus pandemic has disrupted all manner of business relationships governed by contracts. This has brought into sharp focus the critical governance role that accounting numbers play in many business transactions.

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