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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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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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Workable solutions to maximise your value and deliver sustainable recovery
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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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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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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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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.
A business today is only as good as its data
The better your information – whether customer records or employee data, process documentation or daily outgoings – the better your ability to plan ahead, make decisions and manage your operations.
Anything that important is a source of risk. If sensitive data is compromised by a cyber attack, you face reputation damage, financial loss, heavy fines, business disruption and customer churn. This is why information security risk has shot up the boardroom agenda, regularly appearing among the top risks identified by global insurers [PDF - 4.2 MB] and the World Economic Forum’s Global Risks Report [PDF - 7.9 MB].
Yet our global survey of 2,900 businesses suggests that many do not have a clear picture of the data they hold or its overall importance. Less than two in three (65%) are taking steps to fully understand what data they have; only about half (56%) assign a risk profile to their information.
Misplaced defences
Our findings beg a simple question: if organisations don’t know what data they hold, or how important it is, are they wasting time and money safeguarding low-value information while their most critical assets are exposed?
The answer is almost certainly yes. About four in five respondents to our survey (78%) admit that they tend to spread their protection measures evenly across all their data. Only the remainder stress that they put in place special safeguards to protect their most vital information from cyber criminals.
The 80/20 of data
We estimate that the Pareto principle applies to information risk, with 20% of a business’s data carrying 80% of the risk.
There is a well-known saying: ‘To protect everything is to protect nothing.’ It is almost impossible to make all systems hack-proof, so why not focus on the small amount of data for which security is absolutely essential?
With this in mind, it is our firm belief that businesses should undertake a structured programme to assess and understand their data assets, using a categorisation/classification process. Then, they can identify their ‘crown jewels’ and build effective security around them.
“Step number one is acknowledging that your information assets are not equivalent,” explains Johnny Lee of Grant Thornton US. “Step number two is conceding that a compromise is likely to occur. It follows that you would focus on protecting the higher-value assets.”