why do big companies get their accounting done by accounting firms when they could afford to do it on their own?

Question

why do big companies get their accounting done by accounting firms when they could afford to do it on their own?

In: 12

Answer 1

Big companies do do (hehe) their own accounting, the larger the size of the company, the bigger an accounting department to be found. But the companies have a lot of responsibility when it comes to the stakeholders, so a way to validate the accounting. The big companies that dont do their own accounting is simply because its easier. Less effort for the same result, with less things to keep in mind.