Calendar: Succession Planning Webcast

Succession planning consistently ranks among the top issues facing businesses of all sizes and types. According to a survey conducted by the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA) in 2004, 56 percent of CPA firms have at least one partner retiring in the next five years. Unfortunately, 81 percent of all CPA firms and 96 percent of firms having annual revenues of less than $150,000 do not have a written succession plan.

Over the next two months, PCPS will debut a variety of resources designed to assist CPA firms with their succession planning. The first of these new resources is the webcast “Positioning Your Firm for Successful Transition” scheduled for May 25, 2005. Topics to be addressed include:

  • Dissecting the marketplace.
  • Selecting the right organizational model.
  • Identifying processes and procedures critical to the transition.
  • Issues essential to partner agreements.

“For many of these CPAs [without a succession plan], the practice they have spent years building their most valuable asset as well as their retirement vehicle,” states James Metzler, AICPA Vice President for Small Firm Interests and a member of the webcast panel. “Through the PCPS succession initiative, we will help small firms prepare for the future and manage the transition from one generation of owners to the next.”

For more information on the webcast and CPE credits, visit the PCPS website.

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Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.