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

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.