Press Releases

Are Delaware River-Area Residents Prepared for Hurricane Season?

PHILADELPHIA – Even though Hurricane Dean and Tropical Storm Erin have passed, residents near the Delaware River know that hurricane and tropical storm season isn’t officially over until Nov. 1 and that significant flooding can still occur. These citizens need to prepare their finances now, before more storms, to prevent significant financial loss, says Pennsylvania Institute of Certified Public Accountants (PICPA).

Preparing a plan can help reduce the likelihood of financial loss. PICPA suggests that consumers place their most important records, such as birth, death, and marriage certificates as well as mortgage and property deeds, in a safe deposit box at a bank or in a home safe. If residents need to evacuate their homes, they should consider placing important financial documents, such as federal and state tax returns, warranties and receipts of major purchases, and an inventory of possessions in a disaster supplies kit. 

The CPA profession’s financial literacy Web site www.360financialliteracy.org offers important resources for disaster preparedness, including a guide developed in conjunction with the American Red Cross. Visit the “Life Crisis” tab to find several crucial links and resources.

Founded in 1897, the Pennsylvania Institute of Certified Public Accountants is a professional association of more than 19,000 CPAs who work in public accounting, industry, government, and education. PICPA is the second-oldest state CPA organization in the United States. To find a member CPA in your area, visit our Web site at www.picpa.org and click on CPA Locator. Students and educators can visit PICPA's specially designed site www.CPAzone.org to get the latest information about careers in accounting and the CPA profession.