The official definition of Business Continuity Planning is the process of creating a system of prevention and recovery from potential threats to a company. The plan ensures that personnel and assets are protected and are able to function quickly in the event of a disaster.
For some of us, depending on industry regulation and individual legal obligations, this may be mandatory, but many businesses do not have a documented plan.
Think back to the first Alert Level 4 lockdown announcement; How prepared was your business? Take the lesson and use this opportunity to consider and document your BCP plan and ensure your key stakeholders have a copy and know their responsibilities. Contact us if you need a help in Business continuing plan. accountants@sashneelaccountingandtax.co.nz
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