ACCOUNTING OUTSOURCING SERVICES IN LATVIA: PROBLEMS AND POSSIBLE SOLUTIONS

Abstract

Accounting outsourcing services as a type of business started developing in 1990ies. In compliance to the requirements of laws and regulations, accounting could be organized at companies in two ways – accounting could be performed by hired employees or a company may use accounting services by concluding a contract with a legal or a physical person on fulfilling the accounting functions. The authors perform research on the development of accounting services in Latvia in the historical context, carry out the analysis of the market of accounting services, study the factors influencing the quality of accounting services and develop the possible solutions for the improvement of the quality of these services. There have been general scientific research methods in economics, including teleological method of interpretation of laws and regulations, economic analysis and synthesis methods, data comparative analysis method, statistical analysis methods.

DOI: http://dx.doi.org/10.5755/j01.em.18.1.3634