Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
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.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
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.
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.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
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.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
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.
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.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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.
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.
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.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
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
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
The announcements mean reporting entities will only need to report sustainability risks and opportunities in relation to climate in the first year. Reporting entities will then need to report on their complete range of sustainability risks and opportunities, including climate from the second year onwards.
The full set of transitional reliefs mean that in the first year of reporting, entities do not need to:
- provide disclosures about sustainability-related risks and opportunities on topics other than climate-related information
- provide comparative information
- provide annual sustainability-related disclosures at the same time as the related financial statements
- disclose Scope 3 greenhouse gas emissions
- use the Green House Gas Protocol to measure emissions, if they are currently using a different approach.
The ISSB has made this decision because investors indicated that while they need sustainability-related information across all areas, climate-related information is the most urgent.
This relief in conjunction with the other reliefs already provided, means:
- that comparative information in year two only needs to be on climate-related information (assuming the reporting entity takes advantage of the relief only to report on climate-related risks and opportunities in the first year)
- reporting entities can focus on meeting investor needs in relation to climate initially
- reporting entities can use the first year to become familiar with the requirements of IFRS S1 using climate as a basis, before having to report on other areas
- reporting entities can take time mapping out their value chain in year one, taking advantage of not having to disclose the Scope 3 emissions.
The ISSB are still on track to release its first two Sustainability Standards; IFRS S1 and IFRS S2 towards the end of Q2 2023, with their effective date being 1 January 2024.
We support the ISSB providing relief to reporting entities so only climate-related risks and opportunities need to be reported in the first year. Given the short implementation time frame, some reporting entities may find it challenging to meet all the requirements set out in the new Standards in the first year. This relief will enable reporting entities to initially embed systems and procedures to provide high quality disclosures on climate-related risks and disclosures before focusing on other areas.
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.