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Rasel Sordar
Jun 06, 2022
In Wellness Forum
Adam Johnston and Michael Adams operate Latest Mailing Database an accounting firm in Australia which has been successful in the past couple years. They were able to gain 15 new clients and increase fees by 30% during the year Latest Mailing Database 2012. This was very impressive considering the economic climate they were dealing with at the time and they credited their success to outsourcing. Using Bank Office Shared Services (BOSS), Johnston and Adams located Latest Mailing Database accountants looking for work, mainly in India and the Philippines. Now, they have a personal, Latest Mailing Database fully qualified accountant located in India. Using cloud services, an accountant in India can have access to servers and software Latest Mailing Database located in Australia. Another success story from Australia is Mark Cottle, the director of the startup Frontline Accounting. Using a similar service, Latest Mailing Database Cottle found a CPA located in Manila. Cottle says he can employ 7 or 8 CPAs in Manila Latest Mailing Database for the same price it would take him to hire 1 in Australia (Khadim 2012). The United States is also outsourcing accounting work offshores, mainly to India. According to M.G. Fennoman, an Latest Mailing Database accounting professor at Florida State University, 5% of US audit work in 2012 was done in India. This is up from an estimated 1%-2% in 2007. The big 4 (Deloitte, KPMG, Ernst Young, and Pricewaterhouse Coopers) all outsource work to India Latest Mailing Database (Aubin 2012). In 2012, the 4 of them combined to employ 22,000 workers in India. It is a popular location to outsource to because workers there are Latest Mailing Database paid much less than workers in the US. In India, the starting salary of an accountant is somewhere around $10,000, while the same employee in the US would make somewhere around 5 times that (Aubin 2012).
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Rasel Sordar

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