CPA Firm Succession Planning: A Perfect Storm

Succession planning is the CPA profession's "Perfect Storm," brought about by the simultaneous impact of aging Baby Boomer partners, a constant shortage of staff with partner potential and CPA firms' tendency to relegate succession planning to the back burner. Industry observers regard succession planning as the profession's #1 endemic challenge - and it's going to get worse before it gets better. Many firms believe that succession planning starts and stops with leadership development. While developing future leaders is the most important part of succession planning, there are many other critical areas to be addressed. This monograph provides readers with a roadmap for creating and implementing a succession plan.