The coronavirus pandemic changed world economy and has a strong impact on different types of business, financial activity, and touched all countries, industries, professional areas that are facing challenges associated with the economic conditions resulting from efforts to address it. For example, many business entities and individuals in the travel, hospitality, leisure, education, food industry have felt sharp declines in revenues due to regulatory and organizational limitations (eg “shelter in place” mandates, school closures) and voluntary changes in consumer behavior (eg “social distancing”). As the coronavirus pandemic increases in both scale and duration, business entities are experiencing conditions often associated with a general economic downturn. According to Deloittes (2020) research, this condition includes: financial market volatility and erosion, deteriorating credit, liquidity concerns, further increases in government intervention, increasing unemployment, broad declines in consumer discretionary spending, increasing inventory levels, reductions in production because of decreased demand, layoffs and furloughs, and other restructuring activities. The continuation of these circumstances could result in an even broader economic downturn, which could have a prolonged damaging effect on the financial results of business entities.