AICPA Releases Quarterly Economic Outlook Survey Results
The American Institue of Certified Public Accountants has bared the results of its most recent quarterly survey of how senior CPA business leaders feel about the U.S. economy.
AICPA Vice President for Business, Industry and Government Carol Scott and Jim Morrison, chief financial officer of Teknor Apex, briefed members of the press on the survey results and took questions thereof.
The poll was conducted via email questionnaire from Nov. 9 – Nov. 28. A total of 916 CPA financial executives answered questions on their perceptions of the outlook for both their own companies and the U.S. economy broadly. These respondents have their fingertips on the pulse of their markets and up-to-the-minute information on corporate hiring, expansion and financing plans.
The quarterly Economic Outlook Survey measures the views of CPAs serving in business and industry who have personal touch with the finances of their companies and hold well-informed, sophisticated views of the economy.
The survey has been known to hold a track record of accurately forecasting the direction of the U.S. economy. CPAs serving as CEOs, CFOs and controllers in their organizations clearly signaled the U.S. was in recession in 2008 at a time when there was still substantial debate among economists and market watchers about whether the U.S. was already in, or entering, a recession.