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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