What replaced inflation as the top challenge for finance leaders
Journal of Accountancy Podcast · AICPA & CIMA
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Show Notes
Ken Witt, CPA, CGMA, AICPA & CIMA associate director – Management Accounting Research and Development, discusses in this JofA podcast episode the reasons that finance executives in a quarterly AICPA & CIMA survey continue to lower their optimism about the U.S. economy.
He also reveals what CPA decision-makers now view as their organization's top challenge. For the first time in a long time, it's not inflation.
On the episode that detailed the previous quarter's survey, Witt noted that inflation "seems to be settling out a little bit." This quarter's survey data shows that was an accurate assessment, as inflation concerns are diminishing somewhat.
What you'll learn from this episode:
· Details about Witt's assessment of this quarter's results as "interesting."
· The surprising parts of the third-quarter data.
· Updated projections for revenue and profits in the coming 12 months.
· How election-year uncertainty is affecting CPA decision-makers' business forecasting efforts.
· The percentage of finance executives who say that a potential lowering of the federal funds rate would have a favorable impact on their business.