BusinessBusiness RecoveryUS accountants: recovery to take longer

US accountants: recovery to take longer

Senior US finance professionals push back their projections of the likely time taken for the economy to show signs of recovery

Senior US accountants view the economic downturn lasting longer than
previously expected.

Any economic or business recovery is not expected by the respondents until at
least the beginning of 2010, having suggested the second half of 2009 in a
previous survey in November, by the American Institute of CPAs and University of
North Carolina’s Kenan-Flagler Business School.

Some 30% of senior accountants expect the situation to turn around by H2
2009, compared to 41% expecting to see the shoots of recovery in H1 2010,
reported
WebCPA.

‘As the recession has deepened and pessimism solidified, a majority of CPAs
working in business and industry now don’t expect an economic recovery before
2010,’ said Arleen Thomas, the AICPA’s senior vice president for member
competency and development.

Further reading:

View
WebCPA’s story

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

1w Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

1w Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

4w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor