In December 2015 the CommBank released their regular Accounting market pulse.
As one managing partner commented: Accountants need to think differently going forward if they are to maintain revenue and margin.
The trend to outsource and/offshore compliance based or shared services to lower cost providers continues.
In terms of outsourcing, 100% of large firms will increase their outsourcing over the next 12 months, while 57% of mid sized firms and 47% of other firms will increase outsourcing.
More information available from Commbank’s website.