Accounting Blog for Business

In the past two decades, businesses in developed countries have sought operational efficiency through outsourcing. As a result, outsourcing in the Philippines has become a viable option for businesses to reduce overhead costs without compromising quality. To drive the growth of the outsourcing industry, the Philippine government provides incentives for foreign-owned companies to invest in the country. This week, we discuss the benefits of being a Philippine Economic Zone Authority (PEZA)-registered enterprise.

In the past few months, the discussions surrounding robotic accounting, automation, AI, and other recent developments in accounting technology have been fraught with anxiety and dread, even. Given how machine learning and big data are transforming the industry and impacting how you relate to clients, it’s incumbent upon you as an accountant to understand how to future-proof your career.

Over the past months, the implications of Brexit have been a contentious topic among accountants. With the release of the Government’s Brexit Whitepaper on July 12, we now have a better picture of the possible effects of Brexit on accounting and finance.

With March 2019 fast approaching, there is growing apprehension about what post-Brexit UK looks like, as well as the far-reaching impacts of Brexit. We rounded up the latest updates on this monumental event in the history of trade and legislation.

After a few years of working in an organization’s finance department, you decided to transition into a financial auditor career path. What skills and competencies do you need to develop in order to succeed in an internal audit career?

Among companies that are looking to set up an internal audit function in their organization, outsourcing internal audit goes on the agenda.

However, the decision on whether to pursue internal audit outsourcing or not is fraught. As in outsourcing any other function, no one size fits all; what worked for a company might not be applicable for another.