CPAs are more optimistic about economy and their business

03/10/2013 | AICPA Insights

Optimism about the economy is growing among CPAs despite Washington's failure to resolve questions about the federal budget and national debt, writes the AICPA's James Schiavone, pointing to the group's first-quarter Economic Outlook Survey, in which only 11% of CPAs surveyed said they expect a significant impact on their business. "Corporate executives are still concerned about unemployment levels, deficit and debt issues, and political gridlock," said Arleen Thomas, CPA, CGMA, the AICPA's senior vice president for management accounting and global markets. "But a solid majority of survey takers now expect to see their business expand in the coming year, and we're seeing a slight uptick in hiring plans."

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