Small and midsize accounting practices, along with their small and midsize business clients, are worried about economic instability and the impact of regulations, according to a new survey.

The poll, by the International Federation of Accountants’ Small and Medium Practice Committee, revealed that accountants at such practices are concerned about attracting and retaining clients, pressure to lower fees, and rising costs. The survey respondents also indicated that their clients are feeling challenged by regulations in addition to similar concerns about the economy.

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