Jul 2021

APES 305 : Disclosing outsourcing provider, geographic location and nature/extent of outsourced services.

By: Odyssey Legislation
Tags: apes305

The new APES 305 on Terms of Engagement became effective 1 July 2021, as per this link è https://apesb.org.au/standards-guidance/terms-of-engagement/ The most challenging new requirement (where Outsourced Services will be utilised) is that the Member must document and communicate to the Client: the details of the Outsourced Service provider, the geographic location of where Outsourced Services will be performed and the …


Jun 2021

Labour Shortage: COVID to impact labour for up to 5 years: Future and Solutions for Accounting Firm Owners

By: Odyssey General, Outsourcing
Tags: COVID19, labour shortage

Advertising for jobs has been made more complex not only due to digitisation of the advertising landscape, but also due to mobility issues of employees due to border lockdowns (both state and federal). It’s been noted one in five Australian businesses are facing a labour resource issue. Labour shortage has been over the news lately with some industries experiencing an …


Jun 2021

Blog double trouble for Australian accountants

By: Odyssey General, Outsourcing
Tags: Australian accountants, Foreign Workers, labour shortage, Outsourcing

CPA Australia recently released an article on Australia’s reduction in migration numbers, commenting the effects are likely to last for years to come. For Australian accounting firm owners, there are going to be 3 main impacts: Many Australian businesses are going to struggle with finding Australian based workers, with a likelihood of wages growth going to cut down margins in …


Jun 2021

Australia lacks workers

By: Odyssey General, Outsourcing
Tags: labour shortage, Outsourcing

In an interesting opinion article last week, businesses across Australia are battling labour shortages as the economy lifts out of the Covid slowdown. Many of the shortages are easily understandable with the lack of working tourists being unavailable with the cessation of international travel, along with restaurants closing a couple of days each week due to lack of staff partly …


Jun 2021

Australian compliance: the flight to quality offshore

By: Odyssey General, Outsourcing
Tags: Australian accountants, australian accounting firm, australian compliance outsourcing, australian outsourcing expert, offshore, offshore teams, Outsourcing, outsourcing partner, outsourcing quality, Remote working

For the past decade Australian accountants have been hearing of digital transformation, automation, data scraping and a dozen other terms that were on one hand labour saving, and on the other hand job threatening. For some, it’s been about as interesting as watching paint dry. Even with Covid-19 forcing the shift to at-home work, the resulting innovation has not resulted …


May 2021

Is WFH all it’s cracked up to be?

By: Odyssey General, Outsourcing
Tags: ACCOUNTANTS, accounting outsourcing, accounting outsourcing australia, australian accounting firm, australian outsourcing expert, outsourcing guru, Remote working, work from home, working overseas

In 2020, Aussie startup Atlassian started allowing employees to work from home permanently, and Atlassian employees will no longer be required to return to the office when an easing of coronavirus restrictions allow them to do so. Fast forward to 2021, and Atlassian has recently announced staff only need to attend the office four times a year.  It’s currently regarded …


May 2021

Australians happier to import workers for some jobs

By: Odyssey General, Outsourcing

In an interesting news article recently the fed-up Federal Employment minister urged unemployed Australians to stop relying on their neighbours and go out and find a job. Perhaps the most important statement of the article was we have “we got to a point where we are happy for Australians to say ‘no, you don’t have to do those jobs, we’ll …


May 2021

Can Australian accountants be consistent high performers?

By: Odyssey General

I had dinner the other night with an accounting firm owner who was in his mid 60’s, still enjoying life, and handing over his firm to the next generation of accountants. At the same time, we were comparing the Big 4 accounting firms we’d worked in, and discussing accountants we’d known who had already passed away in their 60’s, so …