Accounting Essential Business - Financial Services Sector

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 ACCOUNTING ESSENTIAL BUSINESS – FINANCIAL SERVICES SECTOR

Important Update for CPA members:  RISCPA worked closely with Secretary Pryor and the Administration to minimize disruption and maintain operations. 

Here is what members should know:

  1. CPA employees agree to work remotely whenever possible.
  2. The physical location(s) will be allowed to remain open to send/receive mail deliveries, accept, process and mail paperwork, document scanning and perform business functions deemed essential to the operation.
  3. All locations will adhere to strict health/safety protocols that comply with COVID-19 Best practices and CDC compliance. Additional protocols include:
    1. no face-to-face client meetings
    2. cleaning and extensive sanitizing procedures in place for employees according to CDC guidelines (see OSHA Basic Infection Prevention Measures)
  4. All firms agree to adhere to strict social distancing policies and procedures (see OSHA Safe Work Practices)
  5. RISCPA will continue to work closely with the Administration to monitor unforeseen developments during the crisis.

Basic Infection Prevention Measures

For most employers, protecting workers will depend on emphasizing basic infection prevention measures. As appropriate, all employers should implement good hygiene and infection control practices, including:

  • Promote frequent and thorough hand washing, including by providing workers, customers, and worksite visitors with a place to wash their hands. If soap and running water are not immediately available, provide alcohol-based hand rubs containing at least 60% alcohol.
  • Encourage workers to stay home if they are sick.
  • Encourage respiratory etiquette, including covering coughs and sneezes.

GUIDANCE ON PREPARING WORKPLACES FOR COVID-19

  • Provide customers and the public with tissues and trash receptacles.
  • Employers should explore whether they can establish policies and practices, such as flexible worksites (e.g., telecommuting) and flexible work hours (e.g., staggered shifts), to increase the physical distance among employees and between employees and others if state and local health authorities recommend the use of social distancing strategies.
  • Discourage workers from using other workers’ phones, desks, offices, or other work tools and equipment, when possible.
  • Maintain regular housekeeping practices, including routine cleaning and disinfecting of surfaces, equipment, and other elements of the work environment. When choosing cleaning chemicals, employers should consult information on Environmental Protection Agency (EPA)-approved disinfectant labels with claims against emerging viral pathogens. Products with EPA-approved emerging viral pathogens claims are expected to be effective against SARS-CoV-2 based on data for harder to kill viruses. Follow the manufacturer’s instructions for use of all cleaning and disinfection products (e.g., concentration, application method and contact time, PPE).

 Safe Work Practices

Safe work practices are types of administrative controls that include procedures for safe and proper work used to reduce the duration, frequency, or intensity of exposure to a hazard.

~ Examples of safe work practices for SARS-CoV-2 include:

  • Providing resources and a work environment that promotes personal hygiene. For example, provide tissues, no-touch trash cans, hand soap, alcohol-based hand rubs containing at least 60 percent alcohol, disinfectants, and disposable towels for workers to clean their work surfaces.
  • Requiring regular hand washing or using of alcohol-based hand rubs. Workers should always wash hands when they are visibly soiled and after removing any PPE.
  • Post handwashing signs in restrooms.
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