Ethical Issues in Outsourcing Accounting and Tax Services

Abstract Outsourcing has been criticized as a practice that destroys jobs and praised as a way to cut costs and remain competitive. The accounting profession has utilized outsourcing to avail itself of expertise that is not available within the firm and to cut the cost of offering a variety of accounting and tax services. The practice has raised some ethical questions about integrity, objectivity, disclosure and client confidentiality. The AICPA…