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, discusses how to prepare so that an organization’s finances and reputation will be protected if a disaster occurs. To read the full article in Journal of Accountancy, click: Why You…
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Catastrophic Events and Consequences for Value Managing catastrophic risk exposure is much more difficult than managing continuous risk exposure, explains Aswath Damodaran. Here’s how to incorporate the risk from catastrophes into valuation models.