The world will survive the Corona Crisis, and will rebound in time from the resulting Economic Crisis as well. But to expect life to go back to how it was in 2019 would we think be wrong. The twin crises will change society in many ways.
So far the accountancy profession has escaped much of the criticism levelled at the rest of the financial services industry over the last 10 years. But with some high-profile corporate failures and major profit warnings raising the question “where were the auditors?”, this may be about to change.