Press Release



Jeff May

Planning for Your CPA Firm’s Future 

AICPA Summits Offer Guidance on Succession Planning  
Published July 31, 2013

NEW YORK (July 31, 2013) – One sign of good leadership is knowing when and how to groom a successor. Timing is important, but what’s really vital is to have a detailed plan in place to ensure things go smoothly for the departing leader, his or her partners and – most of all – the firm’s clients.

To help CPA practices prepare for this transition, the AICPA is holding a series of Succession Planning Summits, each segmented by firm size.  Participants will learn the ins-and-outs of mergers, best practices for bringing in new partners or developing leaders in-house, due diligence for valuing a firm, and other hot topics.

Each event will be available simultaneously at AICPA facilities in Durham, N.C., and New York, N.Y. Speakers will be split between the two sites, so the event will be a mix of live presentations and simulcasts. Consult the registration page for more information. The summit schedule, by firm size, is:   

Medium Firms (4-9 partners) – Oct. 28-29

Large Firms (10 partners or more) – Oct. 29-30

Sole Owners/Small Firms (up to three partners) – Oct. 31

Keynoters include:

·         Bill Reeb, CPA, CITP, CGMA, CEO of the Succession Institute and a consultant on firm organization, automation and revenue growth.

·         August J. Aquila, CEO of Aquila Global Advisors, an advisory firm that specializes in succession planning, business development and merger and acquisitions.

·         Joel L. Sinkin, President of Transition Advisors and a consultant who has worked with CPA firms on M&A transactions since 1990.

For more information, visit the summit web page. Reporters interested in attending any of the events can contact Shirley Twillman, stwillman@aicpa.org, for press credentials.

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