crisis? what crisis?
by rick telberg
the profession may consider cpa firm succession a crisis, but you’d hardly know it from how little cpas are doing about it.
some 79% of cpa firms surveyed say succession will be an issue for them within the next 10 years.
but only about 1 in 4 are doing anything about it.
sure, 46% of multi-partner firms now say they have a succession plan. and that’s better than the last such study. but, says dominic cingoranelli at the succession institute, which delivers succession-planning strategies to cpa firms and authored the study, “the idea is still is not getting all that much traction.”
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