Firms should not become over-reliant on outsourcing
As a fellow accounting professional and promoter of outsourcing, I support the view that all firms need to be true business advisers. Outsourcing supports this. But it is in no way a service that replaces the firm. We do not recommend that clients outsource all their compliance work some should be retained in house due to its nature and also provide the ‘fodder’ for trainees to understand the basics.
Outsourcing allows efficient delivery of basic compliance processing and is a far from simple economic decision. Rather it is a service that supports the longer term structural need of firms through enabling local staff to continue in a client-facing capacity and remain focused on value added services.
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