financial outsourcing could have picked up but thanks to the regulatory issues which have inhibited its growth. This issue has caused a burden on the companies and it is acting as a roadblock to outsourcing finance and outsourcing business. This was revealed in a study conducted by LogicaCMG which is a leading consulting firm. The reason attributed to slow growth in the financial outsourcing arena is increasing regulation and importance on governance. The study stated that just seven percent of the companies were only outsourcing their finance and accounting functions. Sixty eight percent of the firms studied stated that the current financial regimes were holding them back and the strict sanctions were was an overriding criteria in the desire of the CFO’s to retain direct control of their finance function. Probably the companies should try and request the government for relaxation of certain issues if they would like to gain benefit from the world of outsourcing. Via pr-inside