Research Reports

A large majority of CPA firm partners are baby boomers who are moving rapidly toward retirement.

In fact, surveys reveal that an astonishing 86 percent of key partners in CPA firms with 66-100 full-time employees are between 50 and 60 years old; in smaller firms, 50 percent of partners are in that age range.

IOMA’s recent exclusive survey of accounting firm partners reveals one consistent, critical fact, regardless of firm size: survey respondents agree that succession planning is vital to their organization, but most firms have not translated that awareness into action.

What is holding them back? Simply put, getting started.

This new report from IOMA Research will put you on the right track. It's filled with great examples of what goes right when you plan ahead, what goes wrong without it—and how delayed planning can have an impact on a firm's operations.

With the report in hand, you'll learn how to take 7 key steps for developing a successful plan for succession:

• Start early to improve your chances for success
• Review current documentation including partnership agreements, etc.
• Prepare a plan and put it in writing
• Consider the financial impact on the firm of outgoing leadership
• Understand and review ownership transfer options and select the best method for your firm
• Communicate, communicate and then communicate some more
• Formalize a program to identify future leadership

You also get IOMA's thorough analysis of the collected data to begin your planning, including data for firms similar in size and scope to yours, presented in over 50 charts and tables. The report also features numerous case studies to provide you with real-life examples of what works—and what doesn’t—in setting out to plan for succession.

No-Risk Web Offer: You get IOMA's Ironclad 100% Money-Back Guarantee: if you're dissatisfied with the report for any reason, return it within 30 days and you'll receive a full refund — with no questions asked.

Preview this report's Table of Contents.