ACCA and IMA Find Accountants Losing Business Confidence

Business confidence in the U.S. is at the lowest it has been since the fourth quarter of 2016, according to a new report from the Association of Chartered Certified Accountants and the Institute of Management Accountants.

In an article from Accounting Today author Michael Cohn writes, “Forty-five percent of the accountants polled at U.S. companies for the ACCA’s and the IMA’s second quarter Global Economic Conditions Survey cited rising costs as their main concern, followed by decreased income”.

In the article Cohn discusses:

• Why the confidence index could be dropping
• Why businesses are worrying about rising costs
• What businesses can do to improve consumer confidence

Will we see a drop in consumer confidence drop in the accounting industry? If so, is your firm prepared to face these challenges?

To read more, see the full article from Michael Cohn in Accounting Today.