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.
However, a lack of uniform standards means there is often not even a consistent starting point. There remains wide variation in valuation bases, methods and approaches used to assess value. This makes it challenging to assess reasonableness, including any ‘like for like’ comparison with other assets. The assessment and evaluation of fair values for assets and liabilities disclosed in audited accounts is a key issue in valuation (and accounting) today.
Pressure from above
The 2008 financial crisis demonstrated the impact of poor quality valuations across a range of assets. Since then, regulators (including the US Securities and Exchange Commission) have expressed concerns about valuations and indicated possible intervention unless the valuation profession improves. The sentiment seems to be that if the profession does not get its ‘house in order’, someone else will do it for them. There is clearly a need for a more developed valuation profession.
Paving the way
The IVSC has an important role in this development. It is an independent, not-for-profit organisation that acts as the global standard setter for valuation practice and the valuation profession. Its core objectives are to develop high quality IVS and encourage the adoption of IVS across the globe.
Following a recent reorganisation, the IVSC has implemented a robust governance structure and is chaired by Sir David Tweedie, former chairman of the IASB. It has three core technical focus areas: the valuation of tangible assets, businesses and financial instruments.
After an extensive consultation process from April to October last year, in January 2017 the IVSC issued the latest version of its International Valuation Standards (IVS 2017).
Seeking input and counsel
Earlier this year, I was delighted to be appointed for a three-year period to the newly established Business Valuation Standards Board, a specialist subject matter board of the IVSC. There is also a Tangible Asset Board, and applications recently opened for a further specialist board focused on financial instruments. The main objective of these boards is to enhance the ‘in-house’ technical expertise of the IVSC.
Since the publication of IVS 2017, and following IVSC board meetings in New York earlier this year, IVSC has opened a new consultation on future revisions to the International Valuation Standards. IVSC would like to know:
- What topics it should address as part of its current agenda, and
- What additional topics should be priorities or added to IVSC’s agenda?
IVSC is currently proposing to prioritise non-financial liabilities, biological assets and extractive industries. The consultation runs for 90 days, ending on 15 August 2017. Please click here to read more about or contribute to the consultation.
If you have any questions or comments regarding IVSC and its activities, please feel free to get in touch.