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Podcast: Budgets, Books, & Balance Sheets: An Accounting & Finance Podcast
Episode: Episode #72 | Offshoring Accounting: How To Ensure Quality and Compliance With International Standards
Description: Today, we are not talking about how offshoring accounting can be incredibly beneficial for accounting firms, something we have already talked about in other episodes, but rather how to overcome a particularly warring challenge of offshoring: Quality and compliance. Specifically, we'll be exploring how to ensure the following of international standards.
To begin with, let’s make a quick recap of what we are talking about. Offshoring accounting is all about outsourcing financial responsibilities to service providers in countries with lower labor costs and taxes. This strategy can help firms save money, access skilled talent, and allow them...