Three star International LLC is famous trader of goods. Three star international is well organized and equipped with professional human resources. Their financial reporting is very useful and helps the management and investors for the efficient allocation of investment funds in an economy. Investors are interested in better financial reporting because it helps them to make good economic decisions. The company benefits from fair prices for its shares, building investors confidence, getting more investor interest for its capital issues and enhancing its image as a responsible business in the society. Although much has been done by different companies to improve their financial reporting practices. Since the outbreak of COVID 19, worldwide businesses are going through critical phase. In the coming future we may face lot of changes in socio economic, businesses, education, life style and health. Many multinational companies are shutting down their business in current scenario. Skilled and unskilled workers having their jobs now, may not be able to continue with their work in future. Companies have no option other than to reduce their cost by looking into online trade. In that case many workers may lose their jobs. It is being expected that future financial reporting will tend to become more complicated as it will try to reflect the character of a business enterprise in a changing environment. a. In your opinion, if the current conditions due to Pandemic exist for another few months, what possible challenges Three Star international will expect? b. Three Star international, who have skilled employees, may lose their manpower as a result of global changes. How would it be possible for them to have an effective reporting system for their company in absence of employees.