Accounting Blog for Business

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.

Outsourcing is a big step especially for companies who have never experienced this business model. For those who have made the leap to avail outsourced CFO support solutions, the next logical step is to find the right outsourcing partner.

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.

As the number of companies grows, firms offering services necessary to their growth also prosper. Such is the case for audit firms. The small-medium enterprise (SME) boom is still gaining traction and this market is perfect for audit solutions firms. As this trend grows, audit firms face the looming threat of the shortage of capable talents to work on their client’s accounts.

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.