Business & Industry

Unemployment and increasing debt and energy prices have CPA financial executives more pessimistic about U.S. economic prospects and increasingly concerned about inflation, according to results released from the AICPA Business & Industry Economic Outlook Survey Q2 2011.


One-third of respondents were optimistic or very optimistic about the U.S. economic outlook for the next 12 months, down from nearly 50% in the first quarter of 2011. Overall pessimism increased this quarter, with 27% of respondents reporting they were very pessimistic or pessimistic about the U.S. economy, up from 18% last quarter. The remaining 40% of respondents were neutral.


Optimism for respondents’ own organizations dipped this quarter as well, but not as dramatically as optimism for the U.S. economy.


Overall, 54% were optimistic or very optimistic about economic prospects for their own organizations over the next 12 months, down from 57% in the first quarter of this year. Seventeen percent were pessimistic or very pessimistic about the prospects for their own organizations, and 29% were neutral. By industry, CPA executives in the technology and retail trade sectors were the most optimistic, while those employed by health care providers and construction companies were the most pessimistic about their organizations’ prospects.


Full survey results are available at


More from the JofA:


 Find us on Facebook  |   Follow us on Twitter  |   View JofA videos


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.