Test Succession & Transition Viability

Updated: May 21, 2018

Article by Ira Rosenbloom. Published in PICPA CPA Now January 26, 2018.


Successfully transitioning a CPA firm or a book of business is predominantly about leadership skills and control. That’s why busy season—a time when resources are pushed to their limits—is the perfect time to determine whether or not you have the right team to perpetuate your practice or someone else’s. For mergers, acquisitions, or other models of ownership transition, think about incorporating into your busy season the following five assessments to see if your team is up to the test:

  • Establish Metrics

  • Be Fixated on Deadlines and Results

  • Measure Client Satisfaction

  • Gauge Staff Respect

  • Encourage Leaders to Generate a Vision

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