An audit is an appropriate and genuine way to identify the current financial status of a company that further helps in its growth and increases its credibility for the investors, creditors and shareholders. It’s an inevitable function that companies need to perform, generally, once a year with the help of independent accountants or CPA firms. Audits allow companies to identify and prevent probable scams or frauds, help make informed business decisions for future goals, keep a check on day-to-day work operations etc.
However, this always keeps CPA firms preoccupied with loads of work assigned by their clients. When US CPAs run into problems with audit services, they work with a fresh approach such as – allowing remote work or outsourcing their audit work to offshore providers to avail their audit support services.
Serving multiple clients and managing their accounting, bookkeeping, taxation and conducting audits on behalf of them – it’s hard to imagine executing so much at once, that too, amidst economic challenges.
Talking about challenges, in a recent survey by AICPA, it is found that finding and retaining qualified resources is the no. 1 concern for small to large-sized US CPA firms. In other words, mere traditional ways of hiring auditors and retaining them won’t be rewarding.
The talent crunch or shortage is the most pressing concern as young people are hesitant to take up accounting as their career option consequently affecting auditing jobs as well. Staffing shortage can be met by outsourcing audit services while providing the below benefits as well: –
- Affordable Team – Minimize overhead expenses involved in hiring, training, retaining and developing in-house auditors.
- Get Quality work with a Qualified & Experienced Team – Outsourcing providers offering audit support services to US CPA firms have several years of expertise in auditing with experience in diverse industries that yields high-quality work delivery.
- Flexibility & Scalability – Increasing the ROI of a CPA firm within the existing bandwidth is one of the main intents of CPA owners. Small and medium-sized US CPAs can resource their firms with several or fewer auditors as per their requirements allowing them to receive flexible services.
- Quick Turn-around – Experts in outsourcing can take on extra work and quickly deliver it, helping US CPAs gain an advantage due to the differences in time zones. The approximate 12-hour gap enables the outsourcing firms to complete the assigned job earlier than anticipated with a quick turnaround time.
- Save Time – Time is everything when it comes to providing advisory services as well as looking after other aspects of the firm. Outsourcing will definitely provide you with the time that otherwise gets out of hand.
Joining hands with an outsourcing firm which provides a full suite of audit support services and maintains quality standards can prove to be a smart step for US CPA firms!
Outsource to AcoBloom’s Efficient Auditors – they work with you & for you!
- Our auditors will review your client’s financial statements and operations as per international financial reporting standards.
- The accuracy requirements are met as AcoBloom is an ISO 27001 & SOC-2 ready outsourcing provider.
- Our auditors are adept at leveraging the latest and safest software platforms used by CPA firms.
- Our auditors can collaborate with US CPA firms and provide services according to the client’s requirements – an extensive audit or a simple review.
- Our team provides quality audit support work in a timely manner ensuring all deadlines are met.
- AcoBloom understands the value of communication and transparency, hence, there is a continuous interaction with our point of contact in your CPA firm via cloud conferencing platforms.
Find out how our team of qualified and reliable auditors can help you scale your CPA firm and offer gratifying experiences to your clients.
You can connect with us at usa@acobloom.com or book an appointment with our US accounting professionals at AcoBloom International.