Outsourcing
Required
(a) Explain the meaning of the word \'outsourcing\' and distinguish it from \'insourcing\'.
(b) Discuss the risks and benefits of outsourcing the payroll function of a small business which
currently employs a management accountant and an accounts clerk.
(c) You are planning the audit of a company that has just outsourced its credit control function.
Describe the planning issues that arise as a result of this action.
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