CPAs in business and industry are a little more pessimistic about the U.S. economy in the fourth quarter, but they are optimistic about revenue and profit at their businesses next year, according to the latest AICPA Business and Industry Economic Outlook Survey. CPAs working in the information technology, manufacturing and construction sectors are the most bullish, while CPAs in the retail sector are bearish. Hopefully, falling unemployment and better-than-expected job growth in November reported by the Labor Department "will translate into strong holiday spending and have a favorable impact on the retail sector as we finish out 2013 and turn the corner into 2014," writes Arleen Thomas, CPA, CGMA, AICPA's senior vice president for management accounting and global markets.

Full Story:
AICPA Insights

Related Summaries