Succession Plans Simmer on the Back Burner


 

 

 

 

 

According to the AICPA’s 2008 PCPS Succession Survey, almost 70% of multi-owner firms and more than 50% of sole proprietors (sole owner firms and sole practitioners) believe succession planning will be a significant issue for them in the near future.

But only 35% of multi-owner firms and 9% of sole proprietors actually have a written succession plan in place.

For more of the survey’s findings and to access the Succession Planning Resource Center, visit http://pcps.aicpa.org/Resources/Succession+Planning.

Source: The AICPA, www.aicpa.org.

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.