Members steadfast on economic impact of COVID-19

Written on Jul 01, 2020

By Gary Hunt, CAE, OSCPA communication director

Two months of lockdown have done little to change CPAs’ opinion about the economic impact of the coronavirus pandemic.

A plurality of respondents – 38% – attending OSCPA’s virtual town hall meeting June 25 said it will take 18-24 months for the economy to recover from the economic effects of COVID-19. Among the other respondents:

  • 29% said it would take 12-18 months.
  • 16% said it would take 24-36 months.
  • 10% said it would take 6-12 months.
  • 7% said it would take more than 36 months.

Those numbers were relatively unchanged from results taken April 29:

  • 35% – 18-24 months
  • 27% – 12-18 months.
  • 21% – 24-36 months.
  • 9% – 6-12 months.
  • 8% – more than 36 months.

Town Halls return July 9

After a short break in observance of the Independence Day Holiday, OSCPA Town Hall sessions are slated to resume July 9, with sessions also planned for July 16, July 30 and Aug. 13.

Next week we welcome Julie Boland, CPA, vice chair and US-Central Region managing partner at EY; and OSCPA Executive Board Chair-Elect Lori Kaiser, CPA, MBA, CGMA. They’ll discuss women in leadership, regulatory issues – including those created by the pandemic – the future of the profession and more. And OSCPA members earn one credit of complimentary CPE. Sign up to attend.

PLEASE NOTE: OSCPA began weekly Town Halls to support you during this unprecedented time, providing you with 9 hours of additional complimentary CPE. In addition, the complimentary CPE offered through the Town Halls will replace On-Demand Series II. For more information on your complimentary CPE or to view the Town Hall schedule, visit https://ohiocpa.com/cpe/complimentary-cpe.

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