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AICPA Establishes 'Economic Crisis' Blog E-mail
Monday, 09 March 2009 01:16

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The American Institute of Certified Public Accountants has launched a blog as part of its Economic Crisis Resource Center. The blog will be dedicated to helping CPAs navigate through tumultuous economic times.

In the latest AICPA/UNC Keenan Flagler Economic Outlook survey, CPAs in the C-suites and at the senior level in Business & Industry, predict that our nation’s economy will not see recovery until the first and second quarters of 2010. These CPAs are close to company bottom lines and report cost-cutting measures such as layoffs, compensation limits and hiring and capital spending freezes. They also say that their organizations are experiencing credit restrictions and or having difficulty obtaining credit and that customers in collection are rising.

In the inaugural posting the AICPA said its goals is to present CPAs with the, "Tools and information to deal with the here and now and to help you look ahead to recovery, which will, eventually come. Whether you are job hunting, seeking articles on job skills in a recession or looking for financial reporting or strategic planning guidance for your business, the Economic Crisis Resource Center is designed to help all CPAs to get through this together."

Visit the blog at http://economyblog.aicpa.org/. Suggestions for future comment can also be directed to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .


Alex Vuchnich
About the author:
Alexander Vuchnich, CPA, CFE is
Manager of Enterprise Accounting Markets.

Mr. Vuchnich leads weekly CPE seminars, demonstrating how accountants can add value to their practices.

Prior to joining Sageworks, Inc., Mr. Vuchnich was an audit manager with Batchelor, Tillery & Roberts, LLP, a professional services firm focusing on small business and not-for-profit clients. Mr. Vuchnich served clients in a range of industries including technology, manufacturing and service.

Mr. Vuchnich holds a Masters of Accountancy and BS in Accounting from North Carolina State University. Mr. Vuchnich is a Certified Public Accountant and Certified Fraud Examiner and is a member of the American Institute of Certified Public Accountants, North Carolina Association of Certified Public Accountants and the Association of Certified Fraud Examiners. Mr. Vuchnich served on the NCACPA's Young CPA Cabinet as chair of the Community Service Subcommittee.

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