AICPA to Release Results of CPA Economic Outlook Index on Thursday, June 5
Financial Experts to Give Predictions on Business Hiring and Spending for Coming Year
Published June 03, 2014
The American Institute of CPAs will announce the results of its CPA Outlook Index (CPAOI), an indicator of how chief financial officers, controllers and other senior CPA business leaders view the U.S. economy, at 7:00 a.m. EDT, Thursday, June 5.
The AICPA survey is a forward-looking indicator that tracks hiring expectations over the next 12 months. As a point of comparison, the U.S. Department of Labor’s May employment report, scheduled to be released June 6, looks back on the previous month’s hiring trends.
The survey, which will be posted on the AICPA Press Center, incorporates responses from over 1800 senior-level CPAs on future hiring plans, growth in marketing and training and anticipated fluctuations in different categories of business spending. Survey takers also answered questions on the outlook for their companies in the coming year, as well as the U.S. economy as a whole.
Arleen R. Thomas, CPA, CGMA, AICPA senior vice president, management accounting and global, markets will be available for press inquiries.
The poll was conducted via questionnaire from May 13-29. 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.