IMPACT OF COVID19 ON ACCOUNTING PROFESSION FROM THE PERSPECTIVE OF A SAMPLE OF HEAD OF ACCOUNTING DEPARTMENTS WITHIN KUWAITI MANUFACTURING SECTOR

Abstract

Currents study aimed at examining the impact of COVID19 on accounting profession from the perspective of accounting managers in Kuwaiti manufacturing sectors. Quantitative approach was adopted in order to gather needed data – even though researcher preferred qualitative approach but health precautions prevented that – a questionnaire was adopted and uploaded through Google forms. After application process, (177) individuals responded to the questionnaire and study indicated that COVID19 and its spread managed to increase the difficulty on accounting profession due to the decline and organizational activities and the inability to reach clear and precise data, in addition to that, study proved that what increased the burden on accounting profession that organizations didn't have the full ability to perform disclosure as according to standards and rules due to the lockdown and the continuous limiting of commercial and financial activities of organizations.  Study recommended that the accounting sector must take advantage of the opportunity to learn from this experience, which needs innovation in solutions and management, to benefit from the lessons of crises.