According to the AICPA, 75% of currently licensed US CPAs are expected to retire within the next 10 years. The number of accounting degrees awarded annually has declined 44% since 2010, according to the CPA Journal. Meanwhile, the US Bureau of Labor Statistics projects 80%+ growth in demand for finance and accounting roles through 2031.
The domestic accounting market can no longer fill the gap. Finance leaders at growth-stage and PE-backed companies are increasingly turning to international talent markets – not as a backup plan, but as the primary strategy for building a high-quality, cost-effective accounting function. In this article, we look outward and explore the best countries to hire remote accountants.
English is an official language and the primary medium of instruction in Philippine accounting programs. The country produces tens of thousands of Chartered Public Accountants (CPAs) annually under a curriculum that includes direct US GAAP content, giving Philippine accountants both technical credentials and communication fluency that integrate naturally into US teams.
Philippine accountants hired through MAVI come at 50–70% less than equivalent US hires and pass a vetting process that fewer than 2% of applicants complete. Many hold Big 4 backgrounds from Deloitte, EY, KPMG, or PwC Manila offices.
Best roles: Senior Accountants, AP/AR Specialists, GL Accountants, month-end close ownership, audit support.
Explore finance and accounting talent from the Philippines here.
India's Chartered Accountant (CA) credential – administered by the Institute of Chartered Accountants of India (ICAI) – is one of the most rigorous accounting qualifications globally. Final exam pass rates typically run below 15%, producing a talent pool with exceptional analytical discipline.
Indian CAs with Big 4 training typically bring 5–10+ years of financial reporting, audit, and technical accounting experience. MAVI's India-based talent costs 50–70% less than US equivalents while delivering the technical depth needed for complex consolidations, multi-entity close, and GAAP research.
Best roles: Technical Accounting Specialists, Consolidations Accountants, Senior Accountants with ERP expertise, Finance Managers with FP&A overlap.
Explore finance and accounting talent from India here.
Latin American accounting markets – particularly Colombia, Mexico, and Argentina – offer one structural advantage that offshore markets cannot: real-time time zone alignment. These countries sit between UTC-3 and UTC-6, providing direct overlap with US Eastern and Pacific business hours.
Companies that switched to Latin America nearshore hiring from offshore models report that real-time Slack and Zoom availability eliminated the primary source of working friction – without sacrificing the 50–65% cost savings that made international hiring attractive in the first place.
Best roles: Embedded Senior Accountants, Staff Accountants, AR/AP Specialists in teams requiring live daily collaboration.
Explore finance and accounting talent from Latin America here.
Choosing best country to hire remote accountants will depend on your company’s priorities:
Many MAVI clients use a combination: offshore talent (Philippines or India) for recurring accounting processes, and nearshore LATAM talent for roles requiring tighter real-time integration. Book a call to check out profiles from different regions and hire a remote accountant from MAVI!
The Philippines, India, and Latin America are the top three markets for US companies. The Philippines leads on English fluency and CPA credentials. India on technical depth. Latin America on time zone alignment.
US companies typically save 50–70% compared to equivalent domestic hires. MAVI's marketplace data shows consistent savings at this range across Philippines, India, and Latin America.
MAVI screens all candidates for US GAAP proficiency. Philippine CPAs receive formal US GAAP training. Indian CAs with US-facing roles have applied US GAAP directly. All MAVI candidates are verified before placement.
Month-end close, AP/AR processing, reconciliations, GL accounting, and technical accounting research all translate well to offshore models. Real-time roles are better suited to nearshore Latin America.
MAVI places pre-vetted accounting talent in as few as 5 days – 3–5x faster than traditional recruiters or staffing agencies.