The Future of Business Reporting in Accounting and Finance:(LEARNING FROM THE COVID 19 PANDEMICS)

This proposed research work aims in filling a gap in the literature by explaining how corporations' lack of understanding of non-financial activities, notably biodiversity, can lead to global economic crises like Covid-19. Work with established companies to improve the quality of their reporting by accounting for non-human components and making it more comprehensive for stakeholders. To back up our argument that nature contains both human and non-human components, we employ Actor Network Theory (ANT) and the Natural Inventory Model. Offering a theoretical framework for the consequences of businesses' non-financial reporting Based on our experiences of the Covid-19 problem and a review of the existing relevant literature on CSR, Covid-19, non-financial reporting, and integrated reports (IR), we developed (IR). Suggesting that businesses implement/adopt the Circular Economy idea as a long-term business model, as well as report on biodiversity and extinction accounting in a more organized and required manner by creating IR to produce value in the close, mid, and longer - term. This is the first research to look at the Covid-19 issue and make suggestions for future reporting. The discoveries will help both academia and society. Advances in information technology are expected to have a significant influence on the future of accounting and reporting. The majority of prior research has focused on technology as the most important factor impacting accounting and reporting in the future.