Small and midsize accounting practices in different parts of the world are tempering their expectations for growth, according to a new survey.

The survey, by the International Federation of Accountants, found that accountants working in small- and medium-sized practices are generally optimistic about performance in 2016. A majority predict revenues will stay the same or increase across all service lines. However, optimism is not at the same level as a year ago, and growth projections across service lines have dropped since 2014.

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