succession planning
Succession planning is nothing new for the profession and once again it ranks among the top issues for firms according to the latest "PCPS CPA Firm Top Issues Survey."
With more than 40 percent of firm owners planning to retire over the next five years, 84 percent of them expect succession planning to be a significant issue for their practice in the next decade.
The big question is this. What are firms doing to prepare for this exodus? In this month’s Feature Focus, we are going to examine succession planning and what firms are doing to get ready.
To read the AICPA story, click HERE.