Open Access Articles

The COVID-19 Pandemic Crisis and Accounting: Investigating Study Opportunities in Iran

Authors

Younes Nobakht * Department of Finance and accounting Faculty of Economics and Administrative Sciences, University of Selcuk, Konya, Turkey.

https://doi.org/10.22105/aaa.v2i2.64

Downloads

Abstract

Identifying and introducing study opportunities in various sciences provides new evidence and insights for researchers to advance future research in multiple fields. This article, by studying and reviewing the content of published texts on the accounting consequences of the COVID-19 pandemic, has identified and introduced the study opportunities created in this field to Iranian researchers. This applied study was done based on the content analysis method. Content analysis is one of the main methods of studying and reviewing scientific research texts. Researchers can use it to discover, identify, and introduce new research topics. The results of the research show that, despite the existence of many and diverse study opportunities in the accounting consequences of the COVID-19 pandemic, after more than five years have passed since the beginning of this pandemic, the number of articles published by Iranian researchers in this area has been very small. In any case, This research has identified and introduced new study topics in the field of accounting for the consequences of the coronavirus pandemic, some of which were either not considered at all or rarely investigated. In addition, the article has provided new evidence and insights for conducting other accounting research in this field, which will influence their evolution.

Keywords

COVID-19, Financial accounting, Auditing, Management accounting, Corporate finance

References (46)

[1] Papadopoulou, S., & Papadopoulou, M. (2020). The accounting profession amidst the COVID-19 pandemic. International journal of accounting and financial reporting, 10(2), 39–59. https://doi.org/10.5296/ijafr.v10i2.17001

[2] Fernandes, N. (2020). Economic effects of coronavirus outbreak (COVID-19) on the world economy. SSRN electronic journal. https://dx.doi.org/10.2139/ssrn.3557504

[3] Bank for international settlements (BIS). Measures to reflect the impact of COVID-19. Basel committee on banking supervision. (2020). https://b2n.ir/mb4329

[4] Koç, İ., & Yardımcıoğlu, F. (2020). Covid-19 pandemi sürecinde uygulamaya konulan mali tedbir ve teşviklerin karşılaştırmalı analizi: türkiye ve seçilmiş AB ülkeleri karşılaştırması. Siyaset, ekonomi ve yönetim araştırmaları dergisi, 8(2), 123–152. (In Turkish). https://dergipark.org.tr/tr/pub/seyad/issue/58353/834700

[5] Alshater, M. M., Atayah, O. F., & Khan, A. (2022). What do we know about business and economics research during COVID-19: A bibliometric review. Economic research-ekonomska istraživanja, 35(1), 1884–1912. https://doi.org/10.1080/1331677X.2021.1927786

[6] Nobakht, Y. (2022). Analysis of the iranian government’s economic authorizations in response to the COVID-19 crisis. Caspian journal of scientometrics, 9(1), 117-124. (In Persian). http://dx.doi.org/10.22088/cjs.9.1.117

[7] Goldstein, I., Koijen, R. S. J., & Mueller, H. M. (2021). COVID-19 and its impact on financial markets and the real economy. The review of financial studies, 34(11), 5135–5148. https://doi.org/10.1093/rfs/hhab085

[8] Goodell, J. W. (2020). COVID-19 and finance: agendas for future research. Finance research letters, 35, 101512. https://doi.org/10.1016/j.frl.2020.101512

[9] Nobakht, Y. (2023). Critical analysis of the publication process of articles in the finance in the COVID-19 pandemic in Iran: A bibliometric analysis. Caspian journal of scientometrics, 10(1), 25-33. (In Persian). http://dx.doi.org/10.22088/cjs.10.1.25

[10] Hooshmand Naqabi, Z., Eslami Mofid Abadi, H., & Aghasi, M. (2023). The relationship between stock returns and return fluctuations with the liquidity of the stock market of companies listed on the Tehran stock exchange during the outbreak of the corona virus. Financial accounting and auditing research, 14(56), 191-220. (In Persian). https://www.sid.ir/paper/1053201/en

[11] Sarfaraz, M., Assadi, G. H., Baghoumian, R., & Asnaashari, H. (2022). Social responsibility and its reporting in pharmaceutical companies: with focus on responsible actions in related to coronavirus. Iranian journal of value & behavioral accounting, 7(13), 361-398. (In Persian). http://dx.doi.org/10.52547/aapc.7.13.361

[12] Jahangirian, M., Rezayi, F., & Ehtesham Rasi, R. (2022). Rating the factors affecting the credit rating in conditions of social distance in governmental banks. Governmental accounting, 9(1), 27-36. (In Persian). https://doi.org/10.30473/gaa.2022.64227.1579

[13] Tabibi Rad, V., Dianti Deilami, Z., Gholami Jamkarani, R., Abbasian, H., & Bakhtiari, A. (2022). Application of new methods in virtual accounting education, innovative experience during the Corona epidemic. Journal of accounting knowledge, 13(4), 69-90. (In Persian). https://doi.org/10.22103/jak.2022.18264.3579

[14] bashirimanesh, N., & Amiri, S. (2022). The impact of aggressive business strategy in the Corona period on the relationship between corporate social performance and market response. Journal of accounting and social interests, 12(2), 141-170. (In Persian). https://doi.org/10.22051/jaasci.2022.39612.1678

[15] Moradi, M., Soleimani, A., & shokrian Berenjestanaki, M. (2022). The impact of the respiratory virus pandemic crisis on audit quality. Professional auditing research, 2(6), 112-128. (In Persian). https://doi.org/10.22034/jpar.2022.551241.1083

[16] Nobakht, Y. (2024). Critical analysis of the publication process of articles in the accounting on the consequences of the COVID-19 pandemic in Iran: A bibliometric analysis. Journal of accounting knowledge, 15(4), 101-114. (In Persian). https://doi.org/10.22103/jak.2024.22139.3942

[17] Lassoued, N., & Khanchel, I. (2021). Impact of COVID-19 pandemic on earnings management: An evidence from financial reporting in European firms. Global business review. https://doi.org/10.1177/09721509211053491

[18] Sun, J., Cahan, S. F., & Emanuel, D. (2011). How would the mandatory adoption of IFRS affect the earnings quality of US firms? Evidence from cross-listed firms in the US. Accounting horizons, 25(4), 837–860. https://doi.org/10.2308/acch-50049

[19] Arnold, P. J. (2009). Global financial crisis: the challenge to accounting research. Accounting, organizations and society, 34(6–7), 803–809. https://doi.org/10.1016/j.aos.2009.04.004

[20] Laux, C., & Leuz, C. (2010). Did fair-value accounting contribute to the financial crisis? Journal of economic perspectives, 24(1), 93–118. https://doi.org/10.1257/jep.24.1.93

[21] Lisboa, I., & Kacharava, A. (2018). Does financial crisis impact earnings management: Evidence from Portuguese and UK. European journal of applied business and management, 4(1), 80–100. https://nidisag.isag.pt/index.php/IJAM/article/view/283

[22] Beidleman, C. R. (1973). Income smoothing: The role of management. The accounting review, 48(4), 653–667. http://www.jstor.org/stable/245289

[23] Khanchel El Mehdi, I. (2011). An examination of the naïve-investor hypothesis in accruals mispricing in Tunisian firms. Journal of international financial management & accounting, 22(2), 131–164. https://doi.org/10.1111/j.1467-646X.2011.01048.x

[24] Guay, W., & Verrecchia, R. (2006). Discussion of an economic framework for conservative accounting and Bushman and Piotroski (2006). Journal of accounting and economics, 42(1–2), 149–165. https://doi.org/10.1016/j.jacceco.2006.03.003

[25] Owolabi, S. A., & Joshua, A. A. (2020). Application of ISA 300and audit quality in the COVID-19 pandemic era: Standpoints of accounting practitioners. American journal of humanities and social sciences research (AJHSSR), 4(11), 210–222. https://B2n.ir/xj4621

[26] Gould, S., & Takamizawa, L. (2020). Reporting and fraud risk arising from Covid-19 pose significant challenges for professional accountants. International federation of accountants (IFAC). https://B2n.ir/pq1615

[27] Board, C. P. A. (2020). CPAB Covid-19 audit implications. Canadian public accountability board (CPAB). https://B2n.ir/ek2320

[28] International auditing and assurance standard board (IAASB), (2025). The framework for audit quality. https://www.iaasb.org/publications/framework-audit-quality-2

[29] Crucean, A. C., & Hategan, H. C. D. (2021). Effects of the COVID-19 pandemic estimated in the financial statements and the auditor’s report. Audit financiar, 19(1), 105–118. https://doi.org/10.20869/AUDITF/2021/161/001

[30] Ettredge, M., Fuerherm, E. E., & Li, C. (2014). Fee pressure and audit quality. Accounting, organizations and society, 39(4), 247–263. https://doi.org/10.1016/j.aos.2014.04.002

[31] Reyes, M. A., Andrianantenaina, H., & Nugroho, G. I. (2021). Implications of COVID-19 on auditor’s reporting. Journal of applied accounting and finance (JAAF), 5(1), 59–67. http://dx.doi.org/10.33021/jaaf.v5i1.1461

[32] Kalifa, A. M., Triyuwono, I., Irianto, G., & Prihatiningtias, Y. W. (2020). The use and benefit of management accounting practices in Libyan oil companies. Asian journal of accounting research, 5(1), 91–102. https://doi.org/10.1108/AJAR-08-2019-0066

[33] Akingbade, W. A. (2021). COVID-19 pandemic challenges to micro, small and medium enterprises in Nigeria: strategic options for survival. Acta economica, 19(34), 153–167. https://www.ceeol.com/search/article-detail?id=1111059

[34] Najib, M., Abdul Rahman, A. A., & Fahma, F. (2021). Business survival of small and medium-sized restaurants through a crisis: the role of government support and innovation. Sustainability, 13(19), 10535. https://doi.org/10.3390/su131910535

[35] Kesumawati, N. K. A., Putri, I. G. A. M. A. D., & Dwirandra, A. (2019). The role of business strategies, environmental uncertainty and decentralization as moderating the effect of management accounting systems on managerial performance. International research journal of management, it and social sciences, 6(3), 37–45. https://doi.org/10.21744/irjmis.v6n3.627

[36] Cooper, R., & Slagmulder, R. (1999). Intelligent cost system design. Strategic finance, 80(12), 18–21. https://B2n.ir/dp3583

[37] Humeedat, M. M. (2020). New environmental factors affecting cost systems design after COVID-19. Management science letters, 10(16), 3777–3782. http://dx.doi.org/10.5267/j.msl.2020.7.034

[38] Ke, Y. (2022). The impact of COVID-19 on firms’ cost of equity capital: Early evidence from U.S. public firms. Finance research letters, 46, 102242. https://doi.org/10.1016/j.frl.2021.102242

[39] Pagano, M., & Zechner, J. (2022). COVID-19 and corporate finance. The review of corporate finance studies, 11(4), 849–879. https://doi.org/10.1093/rcfs/cfac025

[40] Kooli, C., & Lock Son, M. (2021). Impact of COVID-19 on mergers, acquisitions & corporate restructurings. Businesses, 1(2), 102–114. https://doi.org/10.3390/businesses1020008

[41] Gelter, M., & Puaschunder, J. M. (2020). COVID-19 and comparative corporate governance. The journal of corporation law, 46, 557-629. https://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=2142&context=faculty_scholarship

[42] Lin, Z., Zhao, X., Ismail, K. M., & Carley, K. M. (2006). Organizational design and restructuring in response to crises: Lessons from computational modeling and real-world cases. Organization science, 17(5), 598–618. https://doi.org/10.1287/orsc.1060.0210

[43] Burchell, S., Clubb, C., Hopwood, A., Hughes, J., & Nahapiet, J. (1980). The roles of accounting in organizations and society. Accounting, organizations and society, 5(1), 5–27. https://doi.org/10.1016/0361-3682(80)90017-3

[44] Miller, P., & Power, M. (2013). Accounting, organizing, and economizing: Connecting accounting research and organization theory. Academy of management annals, 7(1), 557–605. https://doi.org/10.5465/19416520.2013.783668

[45] Kornberger, M., Justesen, L., Madsen, A. K., & Mouritsen, J. (2015). Making things valuable. Oxford, UK: Oxford Univiversity. https://B2n.ir/zr1529

[46] Tregidga, H., & Laine, M. (2022). On crisis and emergency: Is it time to rethink long-term environmental accounting? Critical perspectives on accounting, 82, 102311. https://doi.org/10.1016/j.cpa.2021.102311

Article Metrics

Published 2025-06-27
Issue Vol. 2 No. 2 (2025): Accounting and Auditing with Applications
Section Articles
Views 1344
Downloads 370

Categories

Accounting Fundamentals

License

Copyright (c) 2025 Accounting and Auditing with Applications

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

View License Details

How to Cite

Nobakht, Y. (2025). The COVID-19 Pandemic Crisis and Accounting: Investigating Study Opportunities in Iran. Accounting and Auditing With Applications , 2(2), 98-108. https://doi.org/10.22105/aaa.v2i2.64

Download Citation

Similar Articles

Maryam Ghandehari, Fatemeh Kamali Yazdi, Long-Term Profitability Prediction under Taxation Changes: Efficiency Analysis of Companies Using DEA Model , Accounting and Auditing with Applications : Vol. 2 No. 2 (2025): Accounting and Auditing with Applications
Seyed Fakhreddin Fakhrhosseini, Abdolhossein Alipour, Rasoul Naserhojjati Rudsari, Evaluating and Prioritizing Determinants of Audit Quality: An Application of Multi-Criteria Decision-Making Models , Accounting and Auditing with Applications : Vol. 2 No. 2 (2025): Accounting and Auditing with Applications
Mehdi Zolfaghari, Iraj Shirinpour, When CSR Meets Audit Expertise: Examining the Relationship Between Corporate Social Responsibility and Financial Performance , Accounting and Auditing with Applications : Vol. 3 No. 4 (2026): Accounting and Auditing with Applications (AAA)
Azadeh Shemshad, Mechanisms of Corporate Governance and Earnings Opacity: an Evidence in an Emerging Market , Accounting and Auditing with Applications : Vol. 1 No. 1 (2024): Accounting and Auditing with Applications
Ali Ismail Korepaz, Habibeh Karimi, The Effect of CEO Expert Power on the Diversification of Banks Listed on the Tehran Stock Exchange , Accounting and Auditing with Applications : Vol. 2 No. 4 (2025): Accounting and Auditing with Applications
Seyed Fakhreddin Fakhrhosseini, Rasoul Naserhojjati Rudsari, The Effect of Chief Executive Officer Gender on Stock Price Crash Risk: Evidence from Listed Firms on the Tehran Stock Exchange , Accounting and Auditing with Applications : Vol. 3 No. 1 (2026): Accounting and Auditing with Applications (AAA)
Ali Molaei Eial-Zoleh, Kaveh Parandin, Yaser Shirzadi, Mostafa Bashiri, Examining the Impact of Government Subsidies on Export Performance: The Mediating Role of Competitive Capabilities , Accounting and Auditing with Applications : Vol. 3 No. 1 (2026): Accounting and Auditing with Applications (AAA)
Haoran Yu, Victoria Nozick, A Review of Bankruptcy Forecasting: Theories, Models, and Techniques , Accounting and Auditing with Applications : Vol. 2 No. 1 (2025): Accounting and Auditing with Applications
Navid Samadi, Financial Leverage and Firm Performance: The Moderating Role of Cash Holdings , Accounting and Auditing with Applications : Vol. 1 No. 3 (2024): Accounting and Auditing with Applications
Ebrahim Bahrami-Nia, Saeed Nematollah Azimi-Nia, Finance and Productivity Across Income Levels: Unveiling the Heterogeneous Effects of Financial Development , Accounting and Auditing with Applications : Vol. 3 No. 3 (2026): Accounting and Auditing with Applications (AAA)

Previous 21-30 of 65 Next

You may also start an advanced similarity search for this article.