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Offshoring! Still A Stigma Or New Normal For Accounting Firms! 2 Credits

Offshoring! Still A Stigma Or New Normal For Accounting Firms! 2 Credits

  • Rating

    4.4
  • Reviewed on

    March, 2024
  • Subject Area

    Business Mgmnt and Org

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Jun 29, 12:30 PM ET

Learning Objective

  • To discuss the benefits of offshoring
  • To discuss and understand the formation of the stigma with offshoring work
  • To discuss the impact of consumer animosity on attitude towards offshoring
  • Patriotism vs. Ethnocentrism

Course Overview

Proponents of offshoring argue that it lowers costs and can save thousands of jobs by making struggling companies competitive again and avoiding their failure. Critics say that offshoring is nothing more than the flagrant exportation of U.S. jobs to foreign countries.

Who is right? There are valid arguments on both sides, but analysis shows that the long-term effect is largely beneficial to the U.S. economy—and inevitable.

By having access to staff offshore, businesses can then use additional resources to grow their business and become more sustainable and can hire more people recently this has made the offshoring concept widely accepted.

Key Topics covered in this Continuing Professional Education webinar

  • Pre and Post Pandemic Offshoring Trend
  • Growth Drivers for offshoring
  • Which are the stigma?
  • Dos and Don’ts for Building Offshore Team
  • How you can integrate Offshore & Onshore Teams

In this online CPE webinar of business management, we will investigate the formation of the stigma and how it relates to your clients' and onshore teams’ perception of offshoring work. The benefits outweigh the cons but how do you explain the rationale with animosity towards offshoring.

Dive into the world of CPA CPE Courses with MY-CPE. Our online courses are here to help you complete your CPA CPE credits seamlessly. We cover a wide range of topics delivered by professional subject matter experts. Forget the traditional way of learning with flexible scheduling and learn at your own pace. Join us and start your journey toward professional growth today!

  • 2 CPE Credit of Business Mgmnt and Org for Certified Public Accountants (CPA-US)
  • 2 General Credit of Business Mgmnt and Org for Accountant/Bookkeeper/Tax Professionals
  • 2 CPD Credit of Business Mgmnt and Org for CPA in Canada
  • 2 CPE Credit of Business Mgmnt and Org for Certified Management Accountants (CMA)
  • 2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 2 CPD Credit for Chartered Accountant - ICAEW
  • 2 CPE Credit of Business Mgmnt and Org for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Business Mgmnt and Org for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Business Mgmnt and Org for Delaware Licensed Public Accountant (DE-LPA)
  • 2 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 2 CPD Credit for Chartered Accountants - Scotland
  • 2 CPD Credit for CPA - Ireland

  • 2 CPE Credit of Business Mgmnt and Org for Certified Public Accountants (CPA-US)
  • 2 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 2 CPD Credit of Business Mgmnt and Org for CPA in Canada
  • 2 CPE Credit of Business Mgmnt and Org for Certified Fraud Examiner (CFE)
  • 2 CPE Credit for Certified Management Accountants (CMA)
  • 2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 2 CPD Credit for Chartered Accountant - ICAEW
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 CE Credit for Certified Fiduciary and Investment Risk Specialist (CFIRS)
  • 2 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 2 CPD Credit for Chartered Accountants - Scotland
  • 2 CPD Credit for CPA - Ireland

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Enhance Your Finance & Management Skills with Shawn Parikh | My CPE
Shawn Parikh

Chief Executive Officer (CEO), Entigrity Solutions LLC

  • 4.4
  • rating
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With over 15+ years of experience, he has spearheaded the company operations and led Entigrity to become the global organization it is today. Shawn’s strategic vision and leadership lead to the expansion and diversification of Entigrity in several areas over the years. He understood numerous staffing related challenges plaguing the accounting community. Over time, he has provided consultation/advice to 5000+ accountants and helped them convert some of their core challenges into opportunities.

 

Shawn’s is a big advocate of small businesses. He says, “Small businesses are the backbone of the global economy” and his focus area is to always help small and mid-size accounting firms. 

 

In fact, the Idea of Entigrity was born out Shawn’s wish to help small and mid-sized firms by providing them with access to global staffing and helping them compete with Big 4 and larger firms. Shawn really admires businesses that create or facilitate the creation of micro entrepreneurs like UBER, AIRBNB, Urban Company etc.

 

Shawn has been actively involved in many Accounting community events and forums, voicing his thoughts on various subjects pertaining to the accounting industry, some of which are:

 

OFFSHORING RELATED TOPICS


  • Remote Working & Offshore Hiring for Accounting firms.
  • Best Practices in Offshoring
  • What tasks to allocate while starting offshoring?
  • Interview Tips for Hiring Offshore Staf
  • How to Onboard an Offshore Staff Member
  • Integrating offshore and onshore teams.
  • How offshoring can bring Multi-dimensional transformation change in accounting firms.
  • What roles can be shifted offshore.
  • How to design a long term offshoring strategy.
  • Offshoring, Hiring beyond accounting roles.
  • Scaling CAAS + VCFO with Offshoring.
  • How to Training and Upskill Offshore Staff Members.


Non-Offshoring Related Topics


  • Build a 60% net margin Client Accounting Service Business
  • Integrating CFO & Advisory Services for Accounting Firms
  • Cobra Approach to Accounting firms growth.
  • Practice Management & Development
  • LinkedIn Marketing for Accountants
  • CAAS (Clients Accounting and Advisory services) Implementation in Accounting firms.
  • How to Implement Subscription based pricing in Firms
  • MRR (Monthly Recurring Revenue) in Accounting firms key to scale and success.
  • Building a Niche in Accounting Space.
  • Pricing Strategies for Accounting Firms.
  • How to run your accounting firm like a SAAS business.
  • How Data Analytics is going to be the future for Accounting firms.
  • CAS & Advisory Practice services for accounting firms
  • Accountants need to think like entrepreneurs.
  • Lesson for Accountants from Two COVID Tax Seasons
  • Building Profitable CAAS in your firm.


Shawn Parikh is the Founder and CEO of Entigrity and myCPE Group. In his role, he is spearheading the company operations, cementing the foundations of Entigrity, that works closely and exclusively with the accounting community globally. Shawn also oversees service conceptualization, strategy creation, administration, and finance, in the organization.

 

Shawn co-founded Entigrity in 2014 and today, the company is a global leader in providing outsourcing for accounting firms and one of the preferred outsource partners for 30 out of the top 100 US Accounting firms. With a large workforce of over 2000+ accounting experts, we are already assisting over 600 accounting & CPA firms in the United States and Canada.

 

The company helps small and mid-sized accounting firms hire qualified and experienced offshore staff that work from our offices in India. Entigrity has helped accounting firms in overcoming staffing challenges and building offshore teams.

 

The Company was recently inducted in the BDO alliance partnership and was the first company in this segment to become platinum partner with IMA (The Association of Accountants and  Finance Professionals in Business).

 

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.4

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Very Good

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LC

Linda Calvelli, CPA (US)

The company I work for has been outsourcing for 10 years now and it gets better with each year. The staff in India are wonderful to work with. The fact that I would defend outsourcing comes as a surprise to me because when the idea was first introduced, I, like my other colleagues, were all about keeping American jobs in the US but the staff in India are all that was was said in the class today and more. We really appreciate our Global Ops Center.

BD

Brad Delauder, CPA (US)

This isn't directly relevant to my job; however, understanding the trend - or not - to offshoring illuminates global business trends which is instructive for understanding possible short- and long-term trends that would affect my job.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
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