February 16, 2005
Outsourcing Financials Equals Increased Compliance
One of the primary deterrents for many large companies in their decision on whether to outsource financial functions, is the fear that their compliance with increasingly complex tax codes and accounting rules will suffer. A new survey by the Consulting firm Accenture, however, indicates that many executives are experiences improvements in governance and compliance. WebCPA reports:
73 percent of respondents who outsourced a financial process said that outsourcing increases "the rigor of business processes because they're better defined and documented."
Read More: Study: Outsourcing Boosts Compliance, Internal Controls
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