Three out of four public company audit partners believe inflationary concerns may persist well into 2023 and beyond, according to a new survey by the Center for Audit Quality (CAQ).
CAQ recently released the results of a new survey series, the Audit Partner Pulse Survey, aimed at gathering U.S. public company audit partner observations on a range of topics.
Survey topics included the overall health of the economy, business transformation, quality of corporate disclosures and more.
The Audit Partner Pulse Survey found that 75% of the 700 auditors surveyed anticipate the current inflation cycle will impact their primary industry sector for more than a year.
Seventy-five percent of respondents also believe inflation will cause their primary sector to raise prices beyond historical trends, including 95% of those focused on consumer products and retail. Learn more.