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The Journal of Accountancy podcast discusses the key issues facing the accounting profession.

Dec 7, 2023

In the fourth-quarter results of the Business and Industry Economic Outlook Survey, CPA decision-makers remain pessimistic about both the global and U.S. economy, but less so about their own organizations.

They also are showing a hesitance to hire, facing an array of challenges, as explained in this episode of the JofA podcast. Guest Ken Witt, CPA, CGMA, AICPA & CIMA associate director — Management, Accounting Research and Development, analyzes the results of the quarterly survey.

What you’ll learn from this episode:

  • How sentiment has changed regarding recession likelihood in the past few quarters.
  • Projections for the next 12 months for revenue and profit.
  • A recap of how the top challenges have shuffled lately, including regulatory concerns falling far down the list.
  • The trends in hiring and why some workers may be more likely to stay put than look for another job.
  • The specific part of decision-maker sentiment that Witt is waiting for in 2024.