Critical Succession Planning Considerations for Accounting Firm Leaders

Author: Erin Daiber

Leadership transitions are inevitable, but a successful transition is not. Whether you're five years or one year away from a leadership transition, having a clear, intentional succession strategy is essential for the long-term health of your firm, your clients, and your team. This course provides firm leaders with practical guidance on how to approach succession planning with confidence and clarity.

We’ll explore key components of an effective plan, including identifying next-generation talent, timing your exit, preparing for contingencies, and communicating with clients and staff. From outlining a 5–7 year roadmap to avoiding common pitfalls, this course equips participants with the knowledge to proactively manage transition, maintain firm stability, and preserve legacy.

Publication Date: September 2025

Designed For
CPA Firm Leaders Partners Managing Partners Future Partners

Topics Covered

• Succession Planning Statistics
• Building Your Internal Succession Pipeline
• Communications
• Technology & Modernization

Learning Objectives

• Explain how to evaluate your firm’s current succession readiness and understand when and how to begin planning for a smooth transition
• Explain how to design a succession timeline and framework, starting 5–7 years prior to leadership exit through the transition period
• Explain how to develop a clear communication plan for notifying clients and team members about succession in a thoughtful and strategic way
• Identify and prepare next-generation leaders, aligning development plans with the future needs of the firm
• Recognize and avoid common succession planning mistakes, such as delayed action, unclear expectations, or lack of contingency planning

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Business Management & Organization (2 hours)

Program Prerequisites
None

Advance Preparation
None