During this crucial time as the government develops a strategy to support business recovery, ACCA UK and the Corporate Finance Network are running a survey to help us understand what your clients' main concerns and business pressures are. The survey tracks the main concerns for post-lockdown operations, cashflow concerns, future liabilities and client wellbeing.
We know many practices are under increased pressure during this period and we greatly appreciate any time you are able to take to provide your views. After completing the survey, you are welcome to share any additional commentary, evidence and proposals on government policy with us via email to UKPolicy@accaglobal.com
June's survey found that around 15% of clients felt unable to open their business with social distancing requirements in place and a further 32% are looking to alter credit terms with new customers. Just 27% of clients had written financial forecasts or business plans that had been reviewed in light of the outbreak.
Feedback from the survey supports ACCA policy positions on recovery policy and helps us brief opposition MPs on business concerns and financial outlook.