AICPA-UNC Third Quarter Economic Outlook Survey of CPA Financial Executives Signals U.S. Economic Direction

Survey Release 9 a.m., Thursday, Aug. 12

NEW YORK, Aug. 10 /PRNewswire-USNewswire/ -- The American Institute of Certified Public Accountants and the University of North Carolina's Kenan-Flagler Business School will announce the results of the most recent quarterly survey of senior CPA business leaders at 9 a.m., Thursday, Aug. 12. The survey 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.

AICPA Vice President for Business, Industry and Government Carol Scott, and UNC Kenan-Flagler Accounting Professor Mark Lang, Ph.D., will be available for interviews. Contact William Roberts, 202-434-9266, [email protected], Mitchell Slepian, 212-596-6177, [email protected], or Allison Adams, 919-962-7235, [email protected].

The survey has a track record of accurately forecasting the direction of the U.S. economy. CPAs serving in business and industry 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.

The poll was conducted via an online questionnaire from July 21 – Aug. 5. Responses came from 1,584 CPAs, who responded to questions on their perceptions of the outlook for both their own companies and the U.S. economy broadly. CPA financial executives serve as CEOs, CFOs and controllers in their organizations. They have their fingertips on the pulse of their markets and up-to-the-minute information on corporate hiring, expansion and financing plans.

Results and analysis will be posted on the AICPA Financial Management Website: www.aicpa.org/InterestAreas/BusinessIndustryAndGovernment/NewsAndPublications/Pages/EconomicOutlookSurveys.aspx.

About the AICPA

The American Institute of Certified Public Accountants (www.aicpa.org) is the national, professional association of CPAs, with more than 360,000 CPA members in business and industry, public practice, government, education, student affiliates, and international associates. It sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination.

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

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

SOURCE American Institute of Certified Public Accountants

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