CPA executives and chief financial officers are seeing signs of slowing contraction and think the recession is bottoming out, leading to improved optimism about the U.S. economy's prospects, according to the AICPA's Business and Industry Economic Outlook Survey for the second quarter. The survey, conducted with the University of North Carolina's Kenan-Flagler Business School, also showed that compensation freezes, layoffs and capital-spending cuts remain on the horizon for about half of companies. Read the AICPA news release.

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