Lease accounting exposure draft rejected
• Co-investment opportunities considered key to attracting LPs • New LP relationships will dominate one-in-five new funds • Fundraising sentiment improves among GPs worldwide • Dividend recap volumes set to increase as LPs push for distributions
Revenue recognition changes questioned
As the IASB and FASB ready the release of final global revenue recognition changes, a global business survey finds only 38% of respondents believe that existing accounting standards on revenue recognition need to be improved or replaced.
Support for India's Companies Bill
Grant Thornton supports the passing of India's Companies Bill which was passed by the Indian Parliament on 8 August. The Bill will bring greater transparency and protection to investors.
Jon Geldart wins award in China
The Greater China Institute of Chartered Accountants of England and Wales (ICAEW) has honoured Jon Geldart, Grant Thornton global head of marketing and communications, with a special award for services to the ICAEW in China.
Grant Thornton continues expansion
Grant Thornton today announced expansion in Canada, the Eastern Caribbean, Luxembourg, the Netherlands and the UK, following on earlier 2013 expansion in Italy, Indonesia, Senegal and South Africa.
Expansion in South Africa and Indonesia
Grant Thornton has doubled the size of its Johannesburg office through a merger with PKF, significantly expanded its presence in Indonesia through a strategic alliance with PT GNV Consulting Services and increased the size of Senegal operations through a merger with Excellence Consulting Group. This follows earlier 2013 mergers in Italy and South Africa.
European Competitiveness Council progresses
Grant Thornton welcomes the progress made in the European Competitiveness Council on key elements of a draft law on statutory audit services for large public companies.
Businesses demand more tax guidance
The vast majority of businesses would welcome more global cooperation and guidance from tax authorities on what is acceptable and unacceptable tax planning, even if this provided less opportunity to reduce tax liabilities across borders, according to the latest research from the Grant Thornton International Business Report (IBR), a quarterly survey of more than 3,000 businesses in 44 countries.
Grant Thornton expands in Indonesia
Grant Thornton has agreed to a strategic alliance with PT GNV Consulting Services (GNV), increasing the strength and capabilities of Grant Thornton in Indonesia.
Major European powers disagree on road map
On the eve of Europe Day (9 May), new research from the Grant Thornton International Business Report (IBR) reveals that businesses in France and Germany, the eurozone’s two biggest economies, are a world apart in their views on the bloc’s future.