BDO's COVID-19 Crisis Hub
A message from Richard Carty, RAS Director
As the novel coronavirus (COVID-19) continues to spread across the globe, I want to take a moment to let you know what BDO is doing to respond to this public health emergency.
First and foremost, BDO’s number one priority is the safety and well-being of our people, clients, families, and the communities in which we live and work.
We’ve put in place measures to help ensure both safety for our people and business continuity for our clients.
We are assessing the situation daily, remaining vigilant, and following all recommendations from the Cayman Islands Government authorities. BDO continues to develop, update and share guidance with our professionals so they are fully informed on how to protect themselves, their families and their clients against transmission of the virus.
Please be assured that while we remain focused on the health and safety of our professionals and those around us, we also are focused on continued service to our clients. We have taken steps to make sure we can continue to deliver the level of quality, excellence and timeliness you are accustomed to from us during these unique circumstances.
BDO has long been committed to a flexible work place, and we have the technological, cultural and operational infrastructure for the organization to work virtually. As we navigate this time of uncertainty together, I want to reaffirm BDO’s core purpose: helping people thrive, every day. I hope that you and your loved ones are well, and we are here if you need us.
About This Guide
This guide aims to provide insights into the relevant impacts of COVID-19. It gives general risk response guidance for companies to consider when deploying business continuity planning (BCP) measures to combat the pandemic and, more importantly, to maintain the agility to overcome the difficulties faced.
We understand that a single set of procedures or responses might not fit all organizations or each company’s individual situation, however in this guide we outline impact and risk response for high-level consideration.
Impact and Risk Response
In the face of the growing spread of COVID-19, many businesses are formulating action plans to mitigate the potential impact on business operations, while at the same time meeting the needs of their customers and other stakeholders.
It is too early to assess the ultimate consequences on the Cayman Islands. businesses, as the situation is still evolving. We are seeing, lock down enforced travel restrictions, cancellation of events, school close down, constant news coverage and social media obsession with COVID-19. And while there's still much uncertainty, prudent leaders should be well-prepared
Updated April 16, 2020