Accountants Worried by Economy

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Citing everything from rising energy costs to the war in Iraq, most C-suite accountants are feeling less optimistic about the economy, a recent survey found.

Of more than 1,300 executive CPAs polled nationwide last month, less than half expressed a favorable view of the economy, according to the American Institute of Certified Public Accountants, a New York-based trade group with 330,000 members.

Among these respondents, two-thirds said they were most concerned with fuel prices and energy availability, while others cited the weakened housing market, the war in Iraq, the shift in power in Congress, debt, inflation, interest rates, and declining domestic investment, the survey found.

Despite the downturn in optimism over the economy in general, most respondents said they had a positive outlook for growth in their own business markets.

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