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Throughout the world, the use of finance and accounting outsourcing (FAO) by small, medium and large enterprises is rising. Most CFOs and other finance and accounting managers can count on having to weigh the pros and cons of outsourcing and many will play key roles in managing outsourcing relationships with external providers. This strategic Management Accounting Guideline (MAG) provides guidance on managing FAO opportunities, challenges, and risks. The guidance is targeted to CFOs, finance and accounting managers, and others responsible for selecting, implementing and managing FAO relationships. Readers of this publication will gain valuable insight on what can be done at each stage of the FAO lifecycle to create and manage a successful FAO initiative.
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