"For some companies, growth may mean a return to pre-pandemic financial performance, but most believe the deepest hardship is over."
But even amid the current surge in COVID-19 cases, an AICPA survey found executives had an improved outlook on the U.S. economy.
Loan officers cited the financial condition of borrowers and overly restrictive terms for not approving loans under the key pandemic relief plan.
"We’re digging out of a very deep hole of pessimism. Comparisons are still tracking with the years immediately following the Great Recession."
A closely-watched survey found small business optimism over the economy rebounded last month after a record plunge in March.
Allianz says its latest risk survey shows "cyber risk and climate change are two significant challenges that companies need to watch closely."
Only 16% of public companies included in the new American Corporate Governance Index scored A- or better.
Trade tensions and the China slowdown "have contributed to a sense of uncertainty and pessimism about the global economy," AICPA says.
The Fed's latest survey of loan officers shows "an increasing number of banks bracing for a lending slowdown.”
A new survey suggests Harvard, Wharton, and Stanford are starting “to show signs of struggling to lure young professionals out of the strong job market.”
The Duke/CFO Global Business Outlook survey shows strong support among finance chiefs for easing restrictions on foreign students.
While IFIAR says the audit deficiency rate “is trending downward on an overall basis," it urges firms to continue strengthening quality control systems.
