Chinese economyresearch report

How to start the road of recovery? From Coping with the new crown crisis

The following is the How to start the road of recovery? From Coping with the new crown crisis recommended by And this article belongs to the classification: Chinese economy, research report.

We use ACCA’s recovery framework to depict the evolving landscape, drawing on first-hand information from professionals around the world. ACCA has previously published a report “coping with the new crown crisis: how to create a road to recovery?”? 》For the recovery path after the epidemic, a three-stage framework was developed: response action, analysis and prediction. This follow-up report aims to further explore the parts of the framework related to the digital environment.

Through qualitative interviews, we have widely listened to the personal experience of the interviewees on how the various factors in the framework play a role in practice. In some cases, it is supplemented by a written literature review, but the focus is still to reflect the interesting cases collected and show all aspects of the ACCA framework. COVID-19 is continuing and the future direction is still uncertain. However, as the ACCA stakeholders’ practical actions show, the accounting industry is making a strong response: pragmatic risk management, coupled with the spirit of change to actively seize the opportunity, make the situation constantly improve.

In the process of looking for recovery, the role of the accounting industry is crucial, and digital technology is a very important part of the way forward. The full integration of the two is expected to form a win-win situation – the increasing popularity of digital technology will create meaningful work for accounting professionals, and promote the sustained recovery of enterprises and the overall economy.

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