The Private Companies Practice Section membership section of the American Institute of CPAs has launched an initiative aimed at helping CPA firms address succession planning issues that includes a number of resources slated to debut within the next two months.

"For many of these CPAs, the practice they have spent years building is both their most valuable asset as well as and their retirement vehicle," said James Metzler, AICPA vice president for small firm interests.  "Through the PCPS succession initiative, we will help small firms prepare for the future and manage the transition from one generation of owners to the next."

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