There are many CPA firm leaders who grapple with the right approach to practice succession.

Carol Katarsky lays out three types of succession plans. The emergency plan sets out what happens if the owner or an executive suddenly becomes unable to continue. As the chairman of the board of ...

"I think [after the crisis] the regulators were maybe taking it easier on banks … and maybe not pushing them as much for strategic planning and succession planning-type improvements," O'Halloran said.