<p>Hi,</p>
<p>Not to scare anyone, but I'm wondering if the implementation of IFRS could lead to increased outsourcing of accounting jobs. Unified standards across the board would mean increased foreign competition which means that cost and quality will ultimately be the main issues in selecting who to hire. Outside of the Big 4 and some other elites that will be known for quality, I'm wondering what will happen to smaller firms. Although this is debatable, I believe that the extra cost that US workers will demand will not offset the quality of service that an Asian firm may offer, which means more of the business will be outsourced to that region. Am I missing something here or is this a legitinate concerns.</p>
<p>Also, since I'm not an accounting major please don't think I'm a troll. Just to be clear, I'm a finance major interested in corporate finance that is planning on working in Asia and getting CA certification there. I'm just creating this thread for a discussion, so please, keep it civil.</p>