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Australian accounting firms ramp up growth opportunities
New CommBank research shows the Australian accounting sector is experiencing renewed confidence in business conditions and ramping up growth opportunities, despite the disruption caused by the COVID-19 pandemic.
According to CommBank’s latest Accounting Market Pulse report – an annual analysis of the accounting sector -perceptions of business conditions rebounded strongly to reach the highest level recorded in the survey’s six-year history.
More than 80 per cent of firms reported stable or growing profits as competition among new service providers and disruptors eased. The uplift in confidence follows perceptions of business conditions reaching an all-time low in May 2020.