In the Accountancy Age/Reed Accountancy Personnel Big Question, one finance director explained: ‘It is always good to put these things in place, but until now our company has not really seen a need to do so.’ Peter Davidson, FD at Enterprise Forwarding, commented: ‘If you had asked three weeks ago I am sure people would have been less concerned.’
Some 72% of the UK financial chiefs questioned did have a plan in place. One FD said: ‘It is there to satisfy our insurers.’
He went on to comment that disaster recovery plans are often thought of as exclusively an IT issue, while the more practical implications – like not knowing what to do with staff turning up for work at a burned out building – are forgotten.
Steve Bagot, FD at Thermal Ceramics UK, said: ‘I think it is time for these recovery plans to be tried and tested, obviously in light of the recent tragedy.’
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel