Senior US accountants view the economic downturn lasting longer than
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,
‘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.
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies