Professional Documents
Culture Documents
Phil. Setting and Purpose of The Study
Phil. Setting and Purpose of The Study
economic growth through key business operations. However, the implications of the
crisis are to be considered as the “new normal” takes its toll in the accounting structure
(Dela Cruz, 2020). It is said that the country has not been immune to the havoc caused
by the pandemic, with substantial parts of the country placed under varying levels of
most parts of the country, looking at a “new normal” in going about people’s lives, with
no guarantee when all of these can return to the way things were before COVID-19
(Villanueva, 2020). That is why many of the accounting firms have found ways on how
they will deal these alterations, the outbreak pushed firms to shift into the digital
platforms. In a recent study conducted, it was shown that companies who have access
to cloud technology have performed better than those who haven’t (Dela Cruz, 2020).
challenges brought by this pandemic to the accounting professionals and how all of
During this phase of the study, the COVID-19 impact to the work situation of the
accounting professionals defined the effects of this pandemic and dealing the sudden