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To enable the company to measure the performance of the service provider of the accounting function, the Finance Coordinator who is in charge of the outsourcing needs to institute certain minimum control points.
The following control points should at least be established:
·  Timeframe on the audit of the […]

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There are advantages and disadvantages of outsourcing your company’s internal audit function.
Also, do you know how to measure the performance of the outsourced provider?
I have tabulated below the advantages and disadvantages and some measurements to assess the performance of the outsourced provider.
ADVANTAGES:

1
Skills
If the auditing firm that you […]

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In my earlier article, I mentioned about some dinosaur functions in the Accounting function. I further elaborated on share service centre and  outsourcing which can take away the livelihood of the accounting staff. This is because in a  big group of companies,  the Group CFO is constantly […]

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Introduction:
In today’s highly competitive environment, the CFO is pro-actively working together with top management to aggressively pursue ways to achieve efficiencies, improve customer services and save money. In my earlier article, I have also discussed about the continuing trend of finance transformation role from a low value […]