PCPS releases Succession Planning white paper, steps to help firms meet succession needs.

Despite the fact that many CPA firm owners are reaching retirement. 81% of firms in a recent Private Company Practice Section survey do not have a documented succession plan. To help firms with this pressing concern, PCPS has rolled out an extensive product line to help practitioners navigate the succession planning landscape, including the most recent addition--a white paper entitled Preparing for Transition: The State of Succession Planning and How to Handle the Process in Your Firm.

The white paper summarizes the results of the 2004 PCPS Succession Planning survey...