CHANGING BUSINESS LANDSCAPE DURING COVID 19 –SOME KEY ISSUES - Views By CA Sanjay Vasudeva

As the Covid 19 situation continues to unfold with its toll not only on the health of the people but also on the economy, businesses are having a challenging time in balancing out safety of their employees and getting the wheels of their business moving. In a recent survey of CEOs of leading companies in India most CEOs mentioned that supply chains have been restored to a large extent and they expect a U-shaped or a V-shaped recovery for the economy from the Covid setback sometime by the fourth quarter of this financial year. As companies get back to work, is it going to be business as usual or are there aspects which need to be borne in mind . Here are the various aspects to highlight the increased risks which organisations are exposed to and the necessity of carrying out changes in the relevant business and operational processes to address such risks and also in revisiting the existing control framework. This would minimise potential losses on account of non-compliance of processes or breach of controls.