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Aspects of Accounting and Financial Analysis Service Outsourcing: a Romanian Approach

Author

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  • Vasile-Daniel W. Pavaloaia

    (“Alexandru Ioan Cuza” University of Iasi, Romania)

Abstract

In January 2010, Forbes magazine published an article with an attractive title: Romania – became an accounting outsourcing destination. The article states that our country has fully entered the market of accounting service outsourcing. Also, the results of a study ordered by PricewaterhouseCoopers in 2010 confirm that outsourcing has encountered a revival in the last six months and the trend is ascending. The director of PricewaterhouseCoopers says that companies still resort to service outsourcing primarily to reduce costs but at the same level, customers began to also appreciate other aspects such as high efficiency, high quality services and, of course, access to highlevel talent and expertise. In the above mentioned context, in author’s opinion, the theme of the current research seems appropriate as it proposes and emphasize of the fundamental aspects of outsourcing in general and specific issues related to outsourcing the services of accounting and financial analysis. This study illustrates novel aspects related to the requirements for outsourcing accounting services in our country and captures the authors' opinion on the possibilities of outsourcing the financial and economic analysis services, since these belong to a quite sensitive category. If this information comes across foreign hands, the financial and accounting information can be used for destructive purposes.

Suggested Citation

  • Vasile-Daniel W. Pavaloaia, 2011. "Aspects of Accounting and Financial Analysis Service Outsourcing: a Romanian Approach," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 3(3), pages 21-33, June.
    • Handle: RePEc:dug:actaec:y:2011:i:3:p:21-33
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/912/828
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    References listed on IDEAS

    as
    1. Mari Sako, 2006. "Outsourcing and Offshoring: Implications for Productivity of Business Services," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 22(4), pages 499-512, Winter.
    2. Doina FOTACHE & Luminita HURBEAN, 2006. "Enterprise Resource Planning and E-Business," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 0(3), pages 137-140.
    3. Aaditya Mattoo & Sacha Wunsch-Vincent, 2004. "Pre-Empting Protectionism in Services: The GATS and Outsourcing," Journal of International Economic Law, Oxford University Press, vol. 7(4), pages 765-800, December.
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