000			01482nam a22001697a 4500
005			20241028090434.0
008			241028b ph ||||| |||| 00| 0 eng d
022			_a0021-8448
040			_cOCT
100			_aRood, Deborah
240			_aJournal of Accountancy / _hSeptember 2024
245			_aOutsourcing and professional liability / _cDeborah K. Rood
260			_aDurham, NC : _bAICPA & CIMA , _c2024-
300			_aVol 238 (3) Pages 4-7 : _c28 cm
500			_aWith an aging workforce, increasing demand for services, and a decline in accounting graduates, it's challenging for CPA firms and finance departments to find enough qualified people to do the work. Reaching a bigger, even international, talent pool is one reason many CPA firms consider outsourcing. Additionally, working "in the cloud" allows work to be performed across geographic boundaries. CPAs in Georgia may work with professionals in Wyoming, Arizona, or even the Philippines. Outsourcing can take many forms. It may involve working with a solo subcontractor or a provider with many professionals. Work may be performed domestically or offshore. Regardless of the model, the CPA firm remains ultimately responsible for the services delivered to its clients and cannot outsource this responsibility to others. Therefore, before committing to any outsourcing model, CPAs should understand what professional liability risks exist and what actions firms can take to help mitigate those risks.
942			_2ddc _cCR _n0
999			_c9908 _d9908