MYCPE ONE

Offshoring accounting work is no longer a fringe strategy reserved for large firms. According to a 2023 AICPA survey, 34% of CPA firms with more than 10 employees now use offshore talent in some capacity. India, Philippines, and Eastern Europe have emerged as major sources of trained accounting professionals eager to serve US-based firms.

The opportunity is real. So is the risk. Offshore hiring without rigorous skills verification is the accounting equivalent of buying a car without a test drive except the car is processing your clients’ financial statements.

34% 

of CPA firms with 10+ employees now use offshore accounting talent in some capacity. 

Source: AICPA Private Companies Practice Section Survey, 2023

Why Firms Offshore Accounting Work

  • Labor cost arbitrage: offshore CPAs and bookkeepers often command 40–60% lower rates than US equivalents 
  • 24-hour workflows: offshore teams in different time zones can progress work overnight 
  • Talent availability: India alone produces approximately 300,000 accounting graduates annually 
  • Scalability: offshore relationships allow firms to flex capacity during peak seasons without permanent headcount 
  • Specialization: some offshore firms develop deep expertise in US tax law, GAAP, and PCAOB standards

The Risks of Unverified Offshore Talent

The offshore accounting market is not uniformly skilled. Credential inflation is widespread in some markets, where candidates routinely overstate QuickBooks proficiency, GAAP knowledge, or US tax experience. Without objective testing, firms frequently discover skill gaps only after client work has been affected. 

61% 

of firms using offshore accounting talent face at least one major quality issue in the first year, often due to unverified skills.

Source: Thomson Reuters Tax & Accounting, 2022

The MYCPE ONE Assessment- First Offshore Hiring Model

The solution is elegantly simple: require every offshore candidate to complete a role-appropriate MYCPE ONE assessment before any interview or contract discussion. This creates a level playing field where geographic location is irrelevant and only demonstrated competency counts. 

MYCPE ONE Assessment


  • US GAAP proficiency cannot be learned from a textbook, it must be tested 
  • QuickBooks interface knowledge differs significantly from manual bookkeeping skills 
  • Tax knowledge for US returns requires US-specific preparation that many offshore candidates lack 
  • Communication of results is as important as technical accuracy in client-facing offshore roles 
“The world is flat when it comes to talent, but you still have to know who you’re hiring. Distance is not an excuse to skip due diligence.”
— 
Thomas L. Friedman, Author, ‘The World Is Flat’  

The Global Assessment Standard for US Accounting Firms

MYCPE ONE Assessments are designed to be administered to candidates anywhere in the world. The AI anti-cheating system works regardless of the candidate’s location, ensuring that a test taken in Mumbai is as trustworthy as one taken in Minneapolis. Firms building offshore relationships can now establish a consistent, defensible quality baseline across their entire team, domestic and international. 

Building a Sustainable Offshore Model

1. Establish minimum assessment score thresholds by role before any offshore candidate is interviewed.

2. Test specifically for US GAAP, US tax, and relevant software (not generic accounting knowledge). 

3. Define Role-Based Assessment Thresholds 

  • By role: Set minimum qualifying scores for each role (e.g., Bookkeeper, Tax Associate, Audit Senior) before shortlisting offshore candidates  
  • By level: Define score benchmarks based on seniority (entry-level, mid-level, senior/managerial complexity)  
  • By domain: Establish separate thresholds for core knowledge areas; US GAAP, US Tax (Federal & State), and Audit concepts  
  • By software proficiency: Evaluate and set minimum scores for tools like Lacerte, CCH ProSystem fx, Drake Tax, and QuickBooks Online

4. Include a communication skills evaluation component for client-facing offshore roles.

5. Create role-appropriate onboarding tracks using MYCPE ONE CPE content after hire. 

6. Reassess offshore staff annually to verify ongoing knowledge currency.

Conclusion

A sustainable offshore model needs more than hiring. It requires structured onboarding and continuous learning. Role-specific training helps teams get productive faster. Regular reassessments keep skills updated and accurate. Over time, this builds consistency and trust. Firms that invest in learning and evaluation create offshore teams that are reliable, efficient, and aligned with long-term performance goals.

Amrit Singh

Amrit Singh

Amrit Singh is a business leader with 10+ years of experience in continuing education. Helping accounting, tax, and finance professionals stay compliant with ease, he began his journey as a consultant. Learning across industries before stepping into a leadership role, he is shaped by both successes and failures. Amrit is passionate about problem-solving, building products, exploring technology, and mentoring future leaders. He is dedicated to transform continuing education, making it simpler, smarter, and more meaningful. Through his blogs and talks, he shares insights on accounting careers, CPA compliance, and the future of continuing education.

Must Read Blogs