Much has been written on outsourcing and its impact on the accounting profession. While everyone has their opinion and beliefs, it's time for all accounting firms to seriously evaluate strategic options that will help transform their service offerings and business model.These strategies should allow firms and partners to take advantage of technology and other resources. Solutions to the issues facing their small and midsized business clients and their owners should be the primary focus. The services and technical skills that most firms have delivered over the past 20 years are either becoming obsolete or commoditized, with shrinking margins. If you don't believe this, take some time and think before you answer the following questions:

* Can someone else provide the service cheaper? (It doesn't matter where in the world they are located.)

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