AICPA to Release Results of Its CPA Economic Outlook Index Thurs., March 8
The American Institute of CPAs will release the results of its CPA Outlook Index (CPAOI), which indicates how senior CPA business leaders view the U.S. economy, at 7:00 a.m. Eastern Standard Time, Thurs., March 8.
A total of 1,358 CFOs and controllers responded to questions regarding future hiring plans, growth in marketing and training, and anticipated fluctuations in business spending. These CPA financial executives also answered questions on the outlook for their own companies and the U.S. economy as a whole.
The poll was conducted via email questionnaire from Feb. 15 – March 1.
The quarterly CPAOI measures the views of CPAs serving in business and industry who are closest to the finances of their companies and hold well-informed, sophisticated views of the economy.
The survey has a track record of accurately forecasting the direction of the U.S. economy. Before the 2008 global financial crisis, CPAs serving as CEOs, CFOs and controllers in their organizations were signaling the emergence of a recession. It came on the heels of heated debates among economists and market watchers on whether a recession was nearing or not.