CPAs are pessimistic about economy but not about their own organizations


By Dave Tate, CPA, Esq. - I read that CPAs are pessimistic or very pessimistic about the economy over the next twelve months, according to a new AICPA survey of CPAs who are senior financial executives. Pessimists outnumbered optimists for the first time since the AICPA began conducting the annual survey in 2005, and they did so by a five-to-one margin. That is a big margin. However, the survey also indicates that the CPAs were more positive about their own organizations.

There sure is a lot of negative news out there. I have found that unsupported pessimism causes unnecessarily negative results, as unsupported optimism tends to cause more positive results. However, in all situations the results are better when people stick together, working for overall improvement and a common goal.

Your thoughts for improvement and a common goal? For example, I read regularly that significant improvements are around the corner for hybrid vehicles. I, for one, cannot wait for a practical, reasonably priced hybrid that gets 40 – 60 miles electric only, or for the hydrogen cell vehicle that runs long distance and is relatively quick to re-fill. Both of those would be big improvements over what we have now--and we seem close to getting there.

Regards,
Dave Tate, Esq. (and CPA)
Litigation, Advising & Mediator
http://davidtate.us
tateatty@yahoo.com

AccountingWeb Blogger, http://www.accountingweb.com

CalCPA Financial Leadership Forum Advisory Panel member, http://www.calcpa.org

AICPA CPA Ambassador, http://www.aicpa.org

Author of the CEB Audit Committee Chapter for Advising and Defending Corporate Directors and Officers, http://ceb.com

The Institute of Internal Auditors, http://www.theiia.org

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