The Impact of the Application of Corona Pandemic (COVID-19) Precautionary Measures on the Preparation of Financial Reports

Abstract

Purpose: This study aims to know the impact of applying the precautionary measures of the (Corona-19) pandemic on the preparation of financial reports through its impact on accounting policies and the hypothesis of the continuity principle, and the events subsequent to the preparation of financial reports in the Kingdom of Saudi Arabia, and what is the uniform work that the establishments must do. Method: In its assessment of the effects of the epidemic and its assumptions related to the preparation of financial reports and the assessment of the appropriateness of preparing the financial statements according to what was mentioned at the end of the fiscal year, the study used an electronic survey list that was distributed to a sample of (82) respondents, and the study followed the descriptive analytical approach. Data analysis by the statistical program (SPSS), according to the five-point Likert model. Theoretical reference: There is no theoretical justification against our own elaborated model as it is exploratory in nature. Results and conclusion: The study found that there is a positive relationship between the application of precautionary measures for the (Corona-19) pandemic and the variables of the study. we have excluded the viewpoint of reporting expectations of user groups in making decisions during a pandemic.