International Trade in Services.pdf - DSpace at Khazar University

286 International Trade in Services
Table 8.7. Restrictions on the Trade in Accounting Services (continued)
Restrictions Impact on professionals Influence in the marketplace
Absence of tax treaties
Accounting firms experience
double taxation
Reduces the adequate returns
on the investment necessary
to undertake export
expansion
Deters exporting; reduces the
growth of the accounting
profession; reduces the opportunities
for employment in accounting
and those professions that support
the delivery of accounting services
at home and abroad
Restrictions on the use
of brand names
Deters the use by firms of
primary assets earned
through investment in professionals
and performance
In decision making in the marketplace,
limits the information on
the quality and experience of
accounting practitioners
Restrictions on
marketing, advertising
Prescribed fee
schedules
Discriminatory
treatment of
nonnationals
Limits the ability of
accounting firms to reach
new clients through
commercial channels
Deters accounting firms from
reacting to the supply and
demand for services
Lowers the incentives for
domestic accounting firms to
invest in technology, to invest
in a broader scope of services,
and to compete at regional
and international levels
In decision making in the
marketplace, limits the
information going to accounting
service users
Narrows the accounting services
available in the marketplace
Source: Authors’ compilation.
Table 8.8. Initiatives to Improve the Environment for Accounting Firms
Professional priorities of firms
Exceptional expertise
Broad and evolving scope
of expertise
Multijurisdictional
knowledge
Effective oversight of
professional standards and
ethics
Well-qualified recruits
Initiatives to build professional value
Firms and practitioners
• Facilitate online training, professional internships,
exchange programs, and continuing adult education
• Facilitate on-the-job training with different firms
• Facilitate concentration and links with foreign firms
• Permit hiring of foreign practitioners
• Allow domestic practitioners to be employed in
foreign firms
Professional bodies
• Facilitate cooperation with regional and international
counterparts using exchange programs, forums on
trends in the profession, professional development
seminars with international partners
• Share best practices
• Invest in staff, technology, and international
engagement