PCPS is devoted to providing resources that will help CPA firms address their most pressing practice management issues. Given the importance of and interest in Succession Planning, PCPS is dedicated to providing the profession with valuable tools and resources on this very important topic.
In the 2004 PCPS Succession Planning Survey, over 400 firms were interviewed about their succession plans. The results showed that while over 60 percent of all firms surveyed have owners aged 63–65, only 25 percent had a written succession plan in place.
PCPS conducted a follow-up 2008 Succession Survey to gauge any changes. The results confirmed that it is critical that practitioners begin succession planning now in order to secure their firm’s future.
The 2008 PCPS Succession Survey
This publication reports on the results of the 2008 Succession Survey in order to provide information to practitioners as to how firms are handling the issue of succession planning and provides conclusions and recommendations based on the survey results. This report can be used as a tool for practitioners to evaluate their succession planning efforts against those of their peers and the growing need for succession planning to be a regular and ongoing practice within their firm.
Succession Planning Resource Center
PCPS has developed the Succession Planning Resource Center to provide guidance to our members to help them understand the need for proactive succession planning and the strategic management processes necessary to position their firm for succession. “How-To” steps are discussed for the various exit strategies to better secure the personal future of the retiree as well as the future of the firm.
Succession/Practice Continuation Planning - Articles of Interest
PCPS has identified various articles of interest that cover succession planning strategies.
Succession Planning Products and Webcasts