Management accounting

U.S. finance professionals are feeling good on a number of fronts. They are optimistic about the U.S. economy and their own businesses. Most expect to make a higher profit than they did a year ago, and an increasing number say they would like to hire additional staff.

That last part is, however, becoming more of a challenge. Organizations, possibly as a result of struggling to find the right workers, are devoting more money to training existing staff, according to the most recent quarterly AICPA Business & Industry U.S. Economic Outlook Survey.

The CPA Outlook Index (CPAOI), a measure of nine equally weighted factors, rose to 72—the highest in more than six years.

U.S. economic optimism, which is one component of the index, rose two points to 67 compared with the previous quarter. Year over year, sentiment about the U.S. economy is up one point. Sentiment about the global economy was also on the rise among CPA decision-makers: In the most recent survey, 31% of respondents were optimistic about the global economy, 51% were neutral, and 18% were pessimistic. A year ago, 24% were optimistic about the global economy, 50% were neutral, and 27% were pessimistic.

The full survey is available at


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.