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."