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Optimism Dips Among Executive CAs As U.S. Economy Remains A Concern: CICA Business Monitor

Turning to employment forecasts, 39 per cent of the respondents expect the number of employees at their companies to increase in the next year. Forty-one per cent anticipate no change and only 19 per cent expect a drop in employment numbers.

There also is good news for university and college graduates. Twenty-one per cent of the respondents anticipate that their company will increase the number of graduates hired, 59 per cent expect no change and only seven per cent are forecasting a decrease. The remainder either does not know or the hiring of post-secondary graduates does not apply to their organization.

The executive CAs ranked improving productivity, reducing costs, increasing sales domestically and employee training and skill development as being most important for their companies in 2013.

Background Information

The CICA Business Monitor is issued quarterly, based on a survey commissioned by the CICA. The report draws upon business insights of Canadian CAs (including Quebec CPA, CA and Ontario CPA, CA members) in leadership positions in privately and publicly held companies.

For the Q1 2013 study, emailed surveys were completed by 226 of 4,277 identified by the CICA as holding senior positions (CFOs, CEOs, COOs and other senior executive roles). The response rate was 5 per cent, with a margin of error associated with this type of study at ± 6.5 per cent, with a confidence level of 95 per cent. The survey was conducted by Harris/Decima Inc. from February 12 to 28, 2013.  A background document is available online at

* CICA and CMA Canada joined together January 1, 2013, to create CPA Canada as the national organization to support unification of the Canadian accounting profession under the CPA banner.

About CICA Chartered Accountants (CAs) are Canada's most valued, internationally recognized profession of leaders in senior management, advisory, financial, tax and assurance roles. Through their integrity, expertise, and internationally recognized qualification standards, Canada's 83,000 CAs sustain their influence and leadership position both in Canada and globally. As trusted business advisors to Canadian organizations of all sizes, Canada's CAs foster confidence in Canadian business and contribute to the health and sustainability of Canada's capital markets and economy. The Canadian Institute of Chartered Accountants (CICA) represents Canada's CA profession both nationally and internationally. The CICA is a founding member of the International Federation of Accountants (IFAC) and the Global Accounting Alliance (GAA).

About CPA Canada CPA Canada is the national organization representing the Chartered Professional Accountant (CPA) profession in Canada. The Canadian Institute of Chartered Accountants (CICA) and The Society of Management Accountants of Canada (CMA Canada) created the organization on January 1, 2013, to support unification of the Canadian accounting profession under the CPA banner. CPAs will serve the public interest across all sectors of the economy with integrity, sound ethical practices, disciplined regulation and proven strategic management and financial expertise. Accounting bodies representing over 80 per cent of Canada's professional accountants are committed to unification or have already merged under the CPA banner.

SOURCE Canadian Institute of Chartered Accountants

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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