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.
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.
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 ISSB, which was established in November 2021 at the COP26 event in Glasgow, has released the following Exposure Drafts (EDs):
- IFRS S1 ‘General Requirements for Disclosure of Sustainability-related Financial Information’
- IFRS S2 ‘Climate-related Disclosures’.
These two EDs build on recommendations from Task Force on Climate-Related Financial Disclosures (TCFD). They also include industry-based disclosure requirements from the Sustainability Accounting Standards Board (SASB) Standards. The proposals build on the prototypes that were prepared last year by the Technical Readiness Working Group (TRWG) and they respond to requests from G20 Leaders, the International Organization of Securities Commission (IOSCO) and investors for enhanced information from companies on sustainability-related matters.
At this stage, the ISSB is looking to simplify the sustainability reporting landscape by bringing together the work of the TCFD, Integrated Reporting, SASB, the Climate Disclosure Standards Board (CDSB) and the World Economic Forum (WEF) into two coherent and comprehensive proposed standards.
Building a global baseline will reduce the need for entities to prepare different reports to meet reporting requirements in different jurisdictions. When the ISSB’s standards are used as the baseline for disclosures by jurisdictions, preparers would gain efficiencies by adding additional disclosures to those required by the ISSB rather than preparing two totally distinct sets of information, therefore enabling them to meet broader stakeholder information needs.
ED IFRS S1 sets out the overall requirements for disclosing sustainability-related financial information about all its significant sustainability-related risks and opportunities, to provide the market with a complete set of sustainability-related financial disclosures. It also provides guidance on how to identify and develop appropriate disclosures about sustainability-related risks and opportunities not addressed by an IFRS Sustainability Disclosure Standard using the disclosure topics in SASB Standards and the CDSB Framework application guidance for water and biodiversity-related disclosures.
ED IFRS S2 sets out the specific requirements for the identification, measurement and disclosure of climate-related financial information.
The ISSB has provided a comment period of 120 days, which closes on 29 July 2022.
We welcome the release of these two proposed sustainability Standards because they will enable preparers to provide a comprehensive global baseline of sustainability disclosures that should meet the information needs of investors whenever they want to assess enterprise value.
We are mindful these IFRS Sustainability Disclosure Standards being issued by the ISSB are intended to also be compatible with jurisdiction-specific requirements, including those intended to meet broader stakeholder information needs.
Grant Thornton will review these documents and will provide written comments back to the ISSB for its consideration. Given the importance of this topic to so many companies, we encourage any entity that might be affected by these proposed Standards, either now or in the future, to take time out to respond to these EDs as well.
If you would like to discuss any of the points raised, please speak to your usual Grant Thornton contact or your local member firm.