Free Site Registration


Grant Thornton: CFOs Less Worried by Fiscal Cliff

Print
Email
Reprints
Chicago (December 13, 2012)

By Daniel Hood

Chief financial officers of U.S. companies aren’t overly concerned about the fiscal cliff, according to a survey by Grant Thornton.

Stephen Chipman

According to the Top 6 Firm’s 2012 Fall CFO Survey, 53 percent of the more than 1,500 CFOs and comptrollers surveyed said that the fiscal cliff would not affect the first six months of 2013 for their companies, and 60 percent do not consider the uncertainty of the “fiscal cliff” resolution an obstacle to making business decisions.

The respondents also weren’t overly concerned about the state of the U.S. economy, with 39 percent believing that it will remain the same over the next six months, and 30 percent believing it will improve. Just under a third (31 percent) think it will worsen – and though that represents an increase of 10 percentage points from the 2012 Summer CFO Survey, on a more optimistic note, 59 percent of those surveyed in the fall said that they expect to increase salaries.

“The turbulent years of the recent past have made businesses more adept at managing through economic uncertainty,” said Grant Thornton chief executive officer Stephen Chipman. “It is reassuring to see that CFOs are confident that we will not take any steps backward in our progress.”

For more information on the survey, which was conducted in November, visit the Grant Thornton Web site.

 

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Accounting Today, please use the form below to login. When completed you will immeditely be directed to post a comment.

 

Follow Accounting Today
Advertisement
Advertisement

What's the Biggest Threat or Challenge Facing Accountants?

May 22, 2013

Attendees at Accounting Today's Meet the Editors Dinner at Keens Steakhouse in New York discuss the top issues confronting accountants.

Women in Accounting: Breaking the Mold

May 21, 2013

A continued conversation with Marcum’s Nanette Lee Miller and Janis Cowhey McDonagh about the obstacles women in the accounting profession face when trying to make their way into leadership positions.

Advertisement

SLIDE SHOW

Tax Season by the Numbers

May 22, 2013

The IRS recently released statistics covering the year to May 10, 2013.

Top 10 Tech Initiatives -- 2013

May 5, 2013

The AICPA's annual list of IT priorities for accounting firms.

Tax Stats: May 2013

April 30, 2013

Our monthly collection of statistics from the world of tax.

10 Biggest Estate Planning Mistakes

April 29, 2013

Help your clients avoid these common pitfalls.

Common E-mail Security Mistakes

April 23, 2013

These five bad habits can make your confidential information -- and that of your clients -- easy to steal.

Advertisement
Advertisement
Advertisement