Originally Contributed to The Woodard Report
In today’s globalized world, businesses are increasingly looking to leverage cost-effective solutions while maintaining compliance with the ever-evolving regulatory landscape. Offshoring accounting functions has emerged as a strategic choice for many US-based companies seeking to streamline their financial operations.
As accounting firms are held to a higher standard of regulatory compliance than other businesses, it is important for them to take additional steps to ensure compliance.
In this article, Finsmart Accounting- trusted for accounts outsourcing services – will share a 7-step roadmap to help businesses seamlessly integrate offshoring into their accounting processes.
Step Guide to Ensure US Compliance
- Maintain Confidentiality and Data Security
- Ensure Compliance with AICPA Guidelines
- Verify Compliance with SOX and SEC Regulations
- Establish Clear Communication Channels
- Conduct Regular Audits and Assessments
- Provide Ongoing Training and Support
- Have a Plan for Non-Compliance
Want more insights on this? Read this blog contributed by Finsmart on The Woodard Report for complete insights.
Accounting Offshoring: Final Words
By following these steps, companies can unlock the potential of offshoring, harnessing its benefits while upholding the highest security and regulatory adherence standards.
Finsmart Accounting with over 15 years of experience in outsourced bookkeeping services uses its own proprietary framework called DPPT – Definition, Process, Precision & TAT that has been the success mantra for supporting the firms in the US to stay ahead of the competition.
Here’s what one of our international clients has to say about outsourced bookkeeping services:
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In this Article
editor
Maanoj Shah is the Co-founder & Director of Growth Strategy & Alliances at Finsmart Accounting, where he pioneered the “Accounting Seat” model—a revolutionary offshore embedded staffing solution purpose-built for Accounting and CPA firms. Widely recognized as an outsourcing and offshoring expert, Maanoj’s insights have been featured in leading accounting publications, and he regularly speaks at premier industry conferences including Scaling New Heights, Bridging the Gap, BKX, and Women Who Count.
A dynamic growth leader with over two decades of experience, Maanoj has incubated, scaled, and exited ventures across Fintech, HR, and Consulting sectors, holding various CXO roles throughout his career. His passion for scaling businesses is matched by his commitment to social impact. He is the Co-founder of Mission ICU, a national healthcare initiative that installs critical care units in underserved areas of India, and was recognized by the World Economic Forum for its last-mile impact.
Outside of work, Maanoj leads an active lifestyle as an avid tennis player and passionate golfer, blending strategy and agility on and off the court.
CONTENT DISCLAIMER
The content in this article is for general information and education purposes only and should not be construed as legal or tax advice. Finsmart Accounting does not warrant or guarantee the accuracy, completeness, adequacy, or currency of the information in the article. You should seek the advice of a competent lawyer or accountant licensed to practise in your jurisdiction for advice on your particular situation.
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