Developed by the AICPA's Private Companies Practice Section, the toolkit firms through a series of steps designed to provide a pathway for to business transformation. “Teams can then visualize this pathway via interactive and customizable chart creation,” the AICPA said in its announcement.

This methodology provides a sequence of exercises that “has been used by organizations of all sizes to create meaningful, actionable and inspiring plans,” according to the organization.

Supporting documents provide suggestions for how to maximize benefits of the toolkit. 

To get started, firms are urged to review the Guide to Using the PCPS Strategic Planning Toolkit, which provides detailed information on preparation, setup, and facilitation. The toolkit also includes timing, materials and results for each section. There are step-by-step instructions and expected outcomes. 

Bob Scott

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Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind