This article originally posted on Journal of Accountancy
Hosted by Ken Tysiac
May 6, 2019
For a business or CPA firm, a disaster can take the form of a catastrophic weather event, a cyberattack, or even a sudden regulatory decision that may put the future of the organization in jeopardy.
It may be impossible to prevent such a disaster, but proper planning can help minimize the damage and disruption an organization suffers if it is hit by a catastrophe. In this podcast, Jennifer H. Elder, CPA/CFF, CGMA, co-author of the book Faster Disaster Recovery: The Business Owner’s Guide to Developing a Business Continuity Plan (available at aicpastore.com), discusses how to prepare so that an organization’s finances and reputation will be protected if a disaster occurs.
What you’ll learn from this episode:
- The difference between disaster recovery and business continuity.
- The biggest mistakes companies make with respect to disaster recovery and business continuity.
- The first steps an organization can take in developing a business continuity plan.
- The meaning of the acronym “FASTER” with respect to business continuity and disaster recovery.
Play the episode below:
Image obtained from ScienceNoridc.com