Not much different from the outsourcing that’s been going on for years. A couple of jobs ago, my entire transactional accounting team was in Mumbai. We paid $25k a head because that was less expensive than having an onshore employee after taking the cost if benefits, etc into consideration. Had a team of 8 in one of my groups. I could have done it with fewer people on shore, and saved money.
I was part of an exact situation. We were training Indians to replace American and European accountants, only because they were cheaper. Their work was lacking - for example our A/P clerks were coding about 20,000 invoices per month with NONE being coded to a suspense account. Our American accountants were closing and reconciling all accounts in a weeks time. We displaced about 70 workers who were replaced by twice as many Indians who still to this day (3 years later) can’t keep up. The only way they could match the invoice totals was to heavily use the suspense account. I don’t ever think that they made the close schedule either. And we noticed that questions are never asked, I guess that they didn’t want to feel dumb in front of Americans. I had one, supposedly degreed accountant, as me, “Why is the December beginning balance the same as the November ending balance?”