The Accountancy Profession in the New Normal

Published date: February 5, 2021

The year 2020 was a year unlike any other. The COVID-19 pandemic changed the economic, political, and social landscapes across the world, and the accountancy profession would experience its own changes.

Accordingly, CAPA undertook two surveys of its members during 2020 in order to better understand the magnitude and impact of the challenges faced by the accountancy profession, and to also identify trends, learnings and opportunities for the future.

The first survey, held at the end of April 2020, resulted in the report “COVID-19 impacts – Challenges facing the profession and PAOs”.

To ascertain the latest insights and views of our members on expected changes in 2021 and beyond, CAPA undertook a live polling session some six months later, at a Member Forum organised in December 2020. Close to 80% of CAPA members expressed their views in this session and the survey outcomes were summarised in an article first published on the IFAC Knowledge Gateway.

The responses pointed to a generally positive outlook across the Asia Pacific region, with the profession on track to build back better in the new normal.

To read the full article, “The Accountancy Profession in the New Normal” click here.