AICPA to Release Quarterly Economic Outlook Index and Survey Results

CPA decision-makers see slowdown in growth; express a gloomy outlook for the U.S. economy

NEW YORK, Sept. 2, 2011 /PRNewswire-USNewswire/ -- The American Institute of Certified Public Accountants will release the results of its AICPA Quarterly Economic Outlook Survey via press release and conference call at 10:30 a.m. Wednesday, Sept. 7. The CPA Outlook Index measures expectations of chief financial officers and senior-level executive Certified Public Accountants in business.

The third quarter AICPA survey was conducted August 10-29 and captures the unique insight and knowledge of 1,305 CPAs who hold leadership positions as chief financial officers, chief executive officers, chief operating officers, or controllers in their companies. By measuring expectations for the future, the survey serves as a predictor of U.S. Gross Domestic Product (GDP) and provides insights on the outlook for jobs and growth as well as prospects for corporate revenues, profits and expansion.

Carol Scott, CPA is the Vice President of Business, Industry and Government at the American Institute of Certified Public Accountants. Scott sets strategic direction and develops and executes programs on behalf of CPAs and management accountants working in business, industry and government, a group that comprises 45 percent of the Institute's membership worldwide.

Jim Morrison, CPA is the Chief Financial Officer for Teknor Apex Company, a diversified materials science company based in Pawtucket, R.I. Morrison leads his company through the finance function through strategic decision making and, when something needs to be done, stepping forward with sound economic and financial strategies.

About the AICPA

The American Institute of Certified Public Accountants (www.aicpa.org) is the world's largest association representing the accounting profession, with nearly 377,000 members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting; membership is also available to accounting students and CPA candidates. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination.

The AICPA maintains offices in New York, Washington, D.C., Durham, N.C., Ewing, N.J. and Lewisville, Tex.

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

SOURCE American Institute of Certified Public Accountants