Nearly 80 percent of multiple-partner CPA firms believe succession planning will become a major issue for their firms, according to a new survey by the American Institute of CPAs.
The AICPA found that 79 percent of firms with multiple owners said they expect it to be a significant issue in their business over the next decade. Despite a rough economy that has focused attention on more immediate, bottom-line concerns, more firms are making concrete plans to accommodate the retirement of senior leaders or the sale of practices than four years ago, according to the 2012 PCPS Succession Survey, jointly conducted by the AICPA and the Succession Institute, LLC.
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