82% of audit firms that offshore audit work are satisfied with the quality of work performed offshore. Read more here
Offshoring is the word on everyone’s lips. The Financial Reporting Council’s audit chief Paul George insists the phenomenon is nascent, but it is clear firms are twitching their noses at the prospect of this industry development. Read more here
Almost every firm that is currently offshoring audit work is planning on increasing the amount they offshore within the next 2 years. This can be explained by firms becoming more comfortable with the practice. Read more here
Big 4 audit firms have continued to expand their global delivery centres to new locations in Eastern Europe such as Poland, Romania, and Moldova as a sign of increasing growth in offshoring in audit. Read more here
There is a “general consensus that moving offshore positively impacted the auditing field, the firm’s profitability and ability to serve client’s needs, and the general work environment for auditors”. Read more here