AICPA to Release Results of CPA Economic Outlook Index on Thursday, September 4

The American Institute of CPAs will announce the results of its CPA Outlook Index (CPAOI), a measure of sentiment about the U.S. economy and key business performance categories for the coming year, at 7:00 a.m. EDT, Thursday, Sept. 4.

The AICPA survey is a forward-looking indicator that tracks the hiring expectations of CEOs, CFOs, controllers and other senior-level CPAs over the next 12 months. As a point of comparison, the U.S. Department of Labor’s August employment report, scheduled to be released September 5, looks back on the previous month’s hiring trends.

The survey results, which will be posted on the AICPA Press Center, also includes information on future plans for growth in marketing, training and business expansion, as well as anticipated fluctuations in different categories of business spending.

Valerie Rainey, CPA, CGMA, vice chair of the AICPA’s Business and Industry Executive Committee, will be available for press inquiries. Rainey is CFO and senior vice president of corporate development and finance for INTTRA, a leading e-marketplace for the shipping industry based in Parsippany, N.J.

The poll was conducted via questionnaire from August 6-26. The quarterly CPAOI measures the views of CPAs serving in business and industry who are closest to the finances of their companies and hold well-informed, sophisticated views of the economy.

About the AICPA

The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 400,000 members in 128 countries, and a history of serving the public interest since 1877. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation which sets a new standard for global recognition of management accounting.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Media representatives are invited to visit the AICPA Press Center at aicpa.org/press.