The Impact of Covid-19 on the Firms: Results of the Thematic Survey Conducted by Cscpa of Istanbul

Abstract

Traditionally, while economic policymakers do their policy decisions using macroeconomic indicators like the unemployment rate, inflation rate, growth rate etc. and also business activity data collected from national surveys on households and businesses. Above all, the quality of data and information obtained during crisis periods are particularly important in terms of handle the crisis and the policies and precaution to be formed by the economic management to solve the crisis. Identifying the problems of firms that have become vulnerable to the uncertainty that arises with crises will be a roadmap for the policy decision duration of policymakers. In this study, the effects of the Covid-19 pandemic have analysed with the special thematic survey in April 2020 which applied by the Chamber of Sworn-in Certified Public Accountants (CSCPA) of Istanbul. Thus, it was ensured that the problems that occurred during the pandemic period and came back to the agenda were evaluated. Eventually, the impact of the pandemic on the business world has been revealed through the consideration of sworn-in cpa that dominate the financial statements of the firms.