The COVID-19 pandemic has brought in a new world of work flexibility with extensive remote work. This has brought in new challenges, particularly for the accounting, auditing, and finance (AAF) divisions given the security and quality concerns associated with their functions. Every stakeholder, whether firms, their divisions, or policymakers, seems to have a different perspective on the best foot forward with respect to work from home, but the decision on the way forward has to be taken now! This article explores how accounting, auditing, and finance cost centres within firms have been structured over time, and discusses the takeaways from each structural change we’ve seen so far and the opportunities and challenges that firms will experience as they adapt to the new post-COVID world.  

Debarati Basu