CPA firms are considering how mergers and acquisitions might factor into their futures – particularly post-COVID.
“Firms often look to make an impact on securing their future in times of great uncertainty,” writes Kate Krupey in the January/February issue of CPA Voice. “Mergers can help by adding talent, diversifying service lines and securing succession planning. However, not all acquisitions are successful, and many take more time and effort than expected to realize the expected return on investment.”
Krupey says that one of the most neglected areas in preparation for an M&A opportunity is a firm’s organization of their own internal processes. When two firms come together without a level of organization and commitment to continually improving their processes, the deficit shows up in culture.
Read the entire story available now.
Don’t miss this convenient, self-study CPE – Now free!
Did you know that reading CPA Voice can help you satisfy your CPE requirement? No matter your location or the time of day – and even without the benefit of electricity – you can gain CPE credit with each issue.
Every edition includes a 12-question self-assessment exam covering content from that issue. Receive a grade of 75% or higher and you’ll earn one hour of CPE credit in specialized knowledge.
Best of all, you can take the exam when and where it’s convenient for you. Exams remain available online – and may be completed for CPE – through the same month of the following year.