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Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
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Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
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Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
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Cybersecurity
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
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Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
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Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
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Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
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Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Valuations
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
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IFRS
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
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Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
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Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
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Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
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Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
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Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
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Transfer pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
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Tax policy
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
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Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
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Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
The first two Sustainability Standards will be:
- IFRS S1 ‘General Requirements for Disclosure of Sustainability-related Financial Information’
- IFRS S2 ‘Climate-related Disclosures’.
The decision to have a short period between the release of these two Standards and the effective date is in response to the strong demand from investors of reporting entities around the world to disclose some consistent, comprehensive and comparable sustainability-related information.
There have been many parties, for example, the International Organisation of Securities Commissions (IOSCO) and leaders from G2), as well as their Governments, being vocal about the urgent need for some Sustainability Standards to be put in place and made effective as soon as possible. Disclosing information about sustainability-related risks and opportunities, initially starting with climate, to protect investors and support systemic financial stability is seen by many, including the ISSB, as essential.
At this meeting, the ISSB also agreed to reference the European Sustainability Reporting Standards (ESRS) within an appendix to IFRS S1, as guidance for entities to use, given a full suite of IFRS Sustainability Standards is still to be issued. This appendix is designed to help reporting entities to readily identify metrics and disclosures that meet the information needs of investors. This decision demonstrates the ISSB’s commitment to work closely with Europe towards a shared objective of maximising the interoperability of their Standards, particularly in the area of climate disclosure.
Between now and the June 2023 release date of the ISSB Standards, the ISSB will focus on creating further guidance and training material to support and explain how IFRS S1 and IFRS S2 should be applied. They will also look to introduce programmes that will support reporting entities to apply its Standards appropriately and consistently as market infrastructure and capacity on dealing with both these Standards is built.
Our thoughts
We support the ISSB selecting the effective date of periods commencing on or after 1 January 2024, as it will respond to the investor demands for these Standards. However, given this short implementation timeframe, for some reporting entities this could pose a challenge to meet all of the requirements that set out in both of these Standards as sustainability will be new to many of them.
We urge reporting entities to start evaluating the impact of these two new Standards as soon as they can. If you would like to discuss any of the points raised, please speak to your usual Grant Thornton contact or visit www.grantthornton.global/ locations to find your local member firm.
Get in touch
If you would like to discuss any of the points raised, please speak to your usual Grant Thornton contact or your local member firm.