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.
Companies Bill in India requires mandatory auditor rotation
A lot has been written about auditor rotation over recent months, but in August, India became the latest major economy to actually enforce mandatory rotation. This is big news. And not just for us accountants.
So what does the Companies Bill in India require? And what are other countries doing?
The Indian Bill replaces the 50-year old Companies Act and requires that listed companies rotate their external audit firm at least every 10 years. Boards of these companies must also be made up of one-third independent directors and must include at least one woman. It will transform India’s corporate governance and thousands of listed companies will need to change their audit relationships.
I hope this will encourage other governments around the world to look at their corporate oversight systems. And there is certainly some movement around the world.
In 2011, the European Commission proposed mandatory rotation every six years – although this looks set to become 15 years – and appears to favour limits on the non-audit work that a listed company’s auditor could do.
In the UK, the Competition Commission has shied away from mandatory rotation but FTSE 350 companies could be obliged to put their audit contract out to tender at least once every five years. In the US, a proposal by the Public Company Accounting Oversight Board to force listed companies to change auditors periodically was voted down by the House of Representatives last month by a massive 321 to 62.
One thing is clear: investors want to see changes in auditor-company relationships. As auditors, we must embrace these changes.
Higher levels of transparency and investor protection are good for business and society.
is global CEO at Grant Thornton.