{"id":4780,"date":"2025-06-30T08:57:52","date_gmt":"2025-06-30T08:57:52","guid":{"rendered":"https:\/\/www.acobloom.com\/us\/?p=4780"},"modified":"2026-10-28T09:54:55","modified_gmt":"2026-10-28T09:54:55","slug":"cpas-outsourcing-accounting-to-india","status":"publish","type":"post","link":"https:\/\/www.acobloom.com\/us\/blog\/cpas-outsourcing-accounting-to-india\/","title":{"rendered":"Understanding the Growing Trend behind CPAs Outsourcing Accounting to India"},"content":{"rendered":"\n

Rising operational costs, talent shortages, and increasingly complex regulatory requirements have placed immense pressure on accounting firms to find out-of-the-box solutions. Overtime, many have discovered that outsourcing accounting to India<\/strong> has proved to not only be a cost effective solution, but also one with strategic benefits. <\/p>\n\n\n\n

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A study conducted by Reuters indicated that the world\u2019s fourth largest economy (in GDP) is gradually turning into a hub for accounting. Whether this trend is reminiscent of the 90\u2019s outsourcing boom that put India on the global IT map, is yet to be seen.<\/p>\n<\/blockquote>\n\n\n\n

On the flip side, the US is facing significant shortages in keeping up with demand for CPAs. This trend is looking to further intensify over the years as per data from the American Institute of CPAs (AICPA). A recent study from the U.S. Bureau of Labor Statistics found that in early 2019 there were approximately 2 million accountants. This number has reduced significantly in 2024 to 1.78 million. The study goes on to state the primary cause for the shortage culminating in a growing number of seasoned CPAs retiring without a reliable pipeline of replacements. <\/p>\n\n\n\n

But why India? What makes the country such a lucrative destination for accounting firms? While costs differences are definitely a major cause for this growing trend, there are other factors that often go unnoticed. <\/p>\n\n\n\n

In this blog, we explore the why behind this growing trend. This will hopefully help you decide whether outsourcing is indeed the right move for your firm. We will also explore factors like data security, quality of resources, historical implications, culture, and more.<\/p>\n\n\n\n

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\n Get Ready to Scale Your Accounting Practice!\n <\/span><\/div>\n \n
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