Thursday, June 05, 2008

Pessimistic CPAs

As reported in SMB Finance, senior level executive CPAs are pessimistic about the economy and experiencing problems related to the credit crunch.

The quarterly survey, by the American Institute of CPAs and the University of North Carolina's Kenan-Flagler Business School, found that 57 percent of the more than 1,400 senior-level executive CPAs polled said they were pessimistic or very pessimistic about the economic outlook for the U.S. over the next 12 months.

Asked about the impact of the credit crisis, 45 percent said their organization was not experiencing any changes, while 20 percent cited problems with customer collections. Eighteen percent indicated they were experiencing higher credit costs and 14 percent said that previous sources of financing were no longer available.

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Tags : credit crunch , business loans , SMB Finance

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