CPAs design disaster recovery plans for one thing: to quickly aid clients in their time of need, whatever that need is and whenever it arises.Cheryl Folkerth, CPA and technology manager with Abalos & Associates, in Phoenix, said that disaster recovery is a basic numbers game - sometimes with dire consequences.

According to a study at the University of Minnesota, 93 percent of organizations that lose critical systems for more than 10 days file bankruptcy almost immediately.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access