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Disaster Response Resources for Accountants Oct. 26, 2007 (SmartPros) Large, natural disasters will always come out of the blue, shaking up some U.S. region, from the New Orleans floods to the Florida hurricanes to the more recent California fires. Accountants and financial executives may benefit from some of the disaster response and recovery resources available to them in such situations. Disasters and Financial Planning: A Guide for Preparedness is offered as a public service of the American Institute of CPAs, AICPA Foundation, the American Red Cross, and the National Endowment for Financial Education. It was last updated in 2005. The Disaster Response Checklist: A Plan for CFOs and Controllers is a checklist to help financial executives navigate through disaster recovery. A Word document in a table format, the checklist is divided into five disaster-response stages. The stages are immediate action, three disaster recovery phases, and planning. The Disaster/Casualty Loss Tax Practice Guide from AICPA, updated for 2007, is to assist practitioners in dealing with certain tax problems that arise when a client is affected by a natural disaster or other loss situation. And the Internal Revenue Service offers the following resources:
*Updated Oct. 26 to include IRS resources. 2007 SmartPros Ltd. All rights reserved. |
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