However, most often, an instinctive reaction was used by enterprises to survive and avoid bankruptcy. For example, businesses can change their financial performance to obtain help from the government or their financial status when they want to borrow money. According to Adamikova and Corejova, the COVID-19 pandemic may increase the interest in creative accounting techniques.
COVID-19 caused a significant crisis in corporate finance. It exacerbated pre-existing issues caused by long-term structural challenges, such as population aging, climate change, rising inequality, digitization, and automation. As global connectivity increases, the economic effects of the pandemic will intensify. This crisis had a significant impact on the majority of industries and the global economy as a whole. The COVID-19 pandemic precipitated a worldwide crisis.
Businesses, as well as the economies of the world, were forced to take a variety of drastic anti-pandemic measures. In the past three years, all aspects of modern society were affected. It is among the most lethal infectious diseases. On 11 March 2020, the World Health Organization declared that the COVID-19 disease had become a pandemic. The beginning of the COVID-19 pandemic occurred in Wuhan, China, at the beginning of December 2019. In addition, the methodology may be applied for the investigation of individual sectors post-COVID. The coronavirus pandemic had a significant potency on the use of creative accounting, not only for individual units, but for businesses of all sizes. Then, it was noted that enterprises were influenced to modify their patterns in 20. Correspondence maps demonstrate which enterprises already used creative accounting before the pandemic in 2019. Correspondence analysis specifically showed behavioral changes over time. However, the structure of manipulators has been changing. The dependency between the size of the enterprise and the occurrence of creative accounting was also proven. Increasing numbers of handling enterprises were confirmed in the V4 region. Its M-score was calculated for 6113 Slovak, 153 Czech, 585 Polish, and 155 Hungarian enterprises. The Beneish model was applied to reveal creative manipulation in the analyzed samples. Thus, the purpose of the article is to explore how the behavior of enterprises changed during the ongoing pandemic. The pandemic era was the driving force behind the renaissance of manipulation. This study is primarily concerned with the behavior of businesses in the Visegrad Four countries between 20. A creative way of accounting was also adopted. The reactions of individuals were not routine, but covered a wide range of approaches to surviving the crisis. There was a need to ensure the sustainability of corporate finance and avoid bankruptcy. The COVID-19 outbreak has rapidly affected global economies and the parties involved.
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