AICPA to Release Results of CPA Economic Outlook Index on Thursday, September 4
Financial Experts to Give Predictions on Business Hiring and Spending for Coming Year
Published September 02, 2014
The American Institute of CPAs will announce the results of its CPA Outlook Index (CPAOI), 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. 4.
The AICPA survey is a forward-looking indicator that tracks the hiring expectations of CEOs, CFOs, controllers and other senior-level CPAs over the next 12 months. As a point of comparison, the U.S. Department of Labor’s August employment report, scheduled to be released September 5, looks back on the previous month’s hiring trends.
The survey results, which will be posted on the AICPA Press Center, also includes information on future plans for growth in marketing, training and business expansion, as well as anticipated fluctuations in different categories of business spending.
Valerie Rainey, CPA, CGMA, vice chair of the AICPA’s Business and Industry Executive Committee, will be available for press inquiries. Rainey is CFO and senior vice president of corporate development and finance for INTTRA, a leading e-marketplace for the shipping industry based in Parsippany, N.J.
The poll was conducted via questionnaire from August 6-26. 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.