Finally, someone said it. This is Goldstein Lieberman & Co. CEO Phillip Goldstein talking to NJBIZ in”CPA firms tackle accountant shortage with new strategies” about what his firm thinks of offshoring:
Some firms have tried to boost headcount by outsourcing work to countries like India and the Philippines. But Goldstein said his firm decided not to take that path. “We believe it puts our clients and their corporate and personal information at risk for identity theft,” since their identity theft protection practices do not always meet U.S. standards.
He also mentions how his firm is using a limited amount of AI to make things easier on its juniors but with some hesitancy. As we’re all aware, these tools remove the training ladder that’s been a critical staple in public accounting since the first trainees rolled up at Haskins & Sells at the beginning of the 20th century. “Once AI takes hold, how will young people get trained bottom-up?” he wonders.
That’s a question that has yet to be answered.
Is 7216 consent even a thing anymore? I remember as a staff that was shoved down our throats, now I don’t even know what is done stateside versus offshored….
Yeah they are, I just saw someone on X bitching about it the other day.
This is a small firm though, not in the top 500, so it’s not really going to have any influence, and should the trends continue they will likely end up playing catchup in 5-10 years as they rush to offshore
“Once AI takes hold, how will young people get trained bottom-up?”
They will ask AI.