Social Responsibility and SDG 8 during the First Wave of the COVID-19 Pandemic: The Role of Chartered Accountants in Portugal

Ana Clara Borrego, Francisco Alegria Carreira, Pedro Pardal and Rute Abreu
Additional contact information
Ana Clara Borrego: VALORIZA—Research Center for the Enhancement of Endogenous Resources, 7300-555 Portalegre, Portugal
Francisco Alegria Carreira: CICE—Center for Research in Business Sciences, 2910-761 Setúbal, Portugal
Pedro Pardal: CICE—Center for Research in Business Sciences, 2910-761 Setúbal, Portugal
Rute Abreu: CICF—Center for Research in Accounting and Taxation, Polytechnic Institute of Cávado and Ave, 4750-810 Vila Frescainha, Portugal

Sustainability, 2022, vol. 14, issue 14, 1-22

Abstract: The fragility of the Portuguese economy, the weight of sectors that were especially vulnerable to the crisis caused by the pandemic, and the small size of enterprises meant that their economic and financial structure was not capable of supporting the effects of the economic crisis, jeopardizing the achievement of the SDG 8. This research explores the perception of chartered accountants about their role in supporting small and medium-sized enterprises during the first wave of the COVID-19 pandemic in Portugal, based on a literature review and on a questionnaire. The results show that 70% of professionals consider that their clients evaluated their work positively during the first wave of the pandemic. However, most chartered accountants did not charge their clients for their extra-work and expenses and 30% even decreased their monthly fees. Portuguese chartered accountants, confronted with the economic–financial problem caused by the pandemic, focused on saving most of their clients from collapse and safeguarding many jobs. This research highlights the public utility and social responsibility of chartered accountants’ work, in the pandemic context in Portugal, as well as their central role for the efficient application of Government economic policies to maintain economic growth and decent work (SDG 8).

Keywords: chartered accountants; COVID-19 pandemic; SMEs; SDG 8; social responsibility (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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