Impact of Pandemic and Digital Transformation on Global Accounting Profession

Authors

Kamala Raghavan, Texas Southern UniversityFollow

Document Type

Article

Abstract

The COVID-19 pandemic made 2020 the most difficult and challenging year in ways that no one could have predicted, causing major disruptions with unprecedented changes affecting worldwide economies. Its impact has been multidimensional at the personal, organizational, and societal levels. Organizations in all sectors have been focusing on their immediate survival only. World economic output had the most significant drop in over 75 years and affected people's daily routines in almost every country. However, the same disruptive forces of the pandemic accelerated the digital transformation and innovation, causing business practices in the accounting profession to leapfrog decades ahead. This paper presents an overview of the adoption of disruptive technologies and their lasting impact on the accounting profession.

Recommended Citation

Raghavan, Kamala (2021) "Impact of Pandemic and Digital Transformation on Global Accounting Profession," Journal of Global Awareness: Vol. 2: No. 1, Article 7.
Available at: https://scholar.stjohns.edu/jga/vol2/iss1/7