Accounting firms look offshore amid ongoing talent drought
Edmund TadrosProfessional services editor
Key Points
- Why it matters: Mid-tier firms outgrow the big four as consulting demand slows
- Context: Firms that focus upon core auditing, accounting and tax services are thriving
- What next: Leaders to move even more work offshore as staffing remains an issue
Accounting firm leaders say they continue to find it difficult to hire and retain quality staff and are increasingly sending work offshore to countries with low labour costs.
The complaints about a lack of qualified staff come amid a sector-wide shortage of accountants as junior and mid-level professionals leave private practice for commercial roles.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
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