Offshoring! Still A Stigma Or New Normal For Accounting Firms! 2 Credits
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Jun 29, 2022 | 12:30 PM
ET
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:
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.
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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.
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
Non-Offshoring Related Topics
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).
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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.
LC
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
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.
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