AICPA to Release Results of Quarterly Economic Outlook Survey on Thursday, Sept. 1, 2016

Financial Experts Give Predictions on U.S. Business Hiring and Spending for the Coming Year

NEW YORK--()--The American Institute of CPAs will announce the results of its third-quarter Economic Outlook Survey, a measure of sentiment about the U.S. economy and key business performance categories for the coming year, at 7:00 a.m. EDT, Thursday, Sept. 1, 2016.

The AICPA quarterly survey is a forward-looking indicator that tracks the hiring expectations of CEOs, CFOs, controllers and other senior-level CPAs in business and industry over the next 12 months. As a point of comparison, the U.S. Department of Labor’s August employment report, scheduled to be released Sept. 2, looks back on the previous month’s hiring trends.

The survey results will also include information on future plans for growth in marketing, training and business expansion, as well as anticipated fluctuations in different categories of business spending.

Executives available for press inquiries are: Arleen R. Thomas, CPA, CGMA, the AICPA’s senior vice president of management accounting and global markets; Valerie Rainey, CPA, CGMA, chair of the AICPA Business and Industry Executive Committee and senior vice president and CFO of CMA CGM (America) LLC; and Andy Bonner, CPA, CGMA, CFO and executive vice president of First Century Bank and a member of the AICPA Business and Industry Executive Committee.

The poll was conducted from August 9-24, 2016.

About the AICPA

The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it established the Chartered Global Management Accountant (CGMA) designation. AICPA and CIMA members earlier this year voted to deepen the relationship, approving the creation of a new international accounting association to advance both public and management accounting around the world. The Association of International Certified Professional Accountants (the Association) will be formed in early 2017.

The AICPA maintains offices in New York, Washington, D.C., Durham, N.C., and Ewing, N.J.

Media representatives are invited to visit the AICPA Press Center at aicpa.org/press.

Contacts

AICPA
Jeff May, 212-596-6122
jmay@aicpa.org
or
Gary Davis, 919-402-4557
gdavis@aicpa.org

Release Summary

The American Institute of CPAs will release results of its third-quarter Economic Outlook Survey on Thursday, Sept. 1.

Contacts

AICPA
Jeff May, 212-596-6122
jmay@aicpa.org
or
Gary Davis, 919-402-4557
gdavis@aicpa.org