Addressing accounting staff shortages through offshoring

Critical business and compliance considerations for accounting firms looking to offshore.

With accounting firms continuing to grapple with staff shortages and ever-increasing workloads, there has been renewed interest in the use of offshoring by accounting firms. Job listings for accounting professionals have risen significantly in recent years and many businesses are struggling to fill the roles they need. Offshoring can help accounting firms access the skills they require, but putting in place proper structures and planning is vital to ensuring that offshoring arrangements run smoothly and effectively.

In this webcast, Accounting Times speaks with Frontline Accounting about some of the important factors firms need to consider when looking at these types of arrangements. These include:

• The structures and systems that need to be put in place to make offshoring arrangements work effectively.
• What compliance and privacy obligations need to be considered, including client data.
• How firms can use offshoring to expand into advisory services.
• What the perceptions of offshoring are among clients and accounting professionals in Australia and how this can be managed.
• How to avoid potential pitfalls that can arise.
• Strategies for maintaining quality work among staff working offshore

Get the answers to your burning questions in our live and interactive webcast. Register to watch for free.