In an age of tightened budgets, evolving reporting requirements, constrained resources, and a scarcity of talent, companies may look to engage with external service providers in strategic ways. Enter accounting and reporting cosourcing: a scalable, tactical, team-driven approach between a non-attest client’s internal resources and a third-party provider, like Deloitte. Unlike traditional outsourcing, cosourcing is all about teaming, where the cosource team can take on specialized tasks such as technical research, assistance with preparing disclosures for financial statements, advising on compliance, and other reporting matters, allowing the in-house team to concentrate on other strategic initiatives.
Meet Jamie Davis, Deloitte & Touche LLP Audit & Assurance Partner, Chicagoan, and sushi lover. In this video, Jamie talks through what makes accounting and reporting cosourcing an efficient, scalable approach that can help clients fill gaps on their team and uncover strategic opportunities.
Deloitte’s cosource teams provide strategic insights in helping clients work through critical challenges and seize opportunities. We can assist with technical accounting and financial reporting matters on a recurring, pre-established, and consistent basis—all tailored to a client’s unique needs. Tasks or functions that are commonly cosourced may include:
We understand accounting and reporting complexities and emerging issues facing the marketplace, and we have deep technical industry knowledge. Our cosource teams also have auditor backgrounds, which brings a deep understanding of complex analyses and documentation.
With our seamless teaming approach, companies have access to our subject matter resources and our global network of accounting and reporting advisory practices, scalable to your needs.
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The services described herein are illustrative in nature and are intended to demonstrate our experience and capabilities in these areas; however, due to independence restrictions that may apply to audit clients (including affiliates) of Deloitte & Touche LLP, we may be unable to provide certain services based on individual facts and circumstances.