Digital risk
How to better manage digital risk
Cyber threats continue to soar. So what’s the solution? Our advice is to build a wider ‘digital risk’ function which integrates data privacy and cyber security. But where should you start?
IFRS
Insights into IFRS 16
Are you ready for IFRS 16? This series of insights will help you prepare.
Tax
Say goodbye to the arm’s length principle
After a slow and tentative start, the OECD’s push for a solution on how to allocate and tax the profits from digital business is gathering momentum.
Technology, media & telecommunications Home
International Business Report (IBR)
TMT outlook: Can tech spend buoyancy keep the industry airborne?
Uncertainty is mounting for technology, media and telecommunications (TMT) businesses amidst a turbulent economic and political backdrop, according to the latest research from Grant Thornton. But with businesses in other industries increasingly looking to new technologies as the path to transformation, this is also a time of opportunity. So how can the TMT industry ride out the turbulence and thrive?
- European Competitiveness Council progresses
Grant Thornton welcomes progress made in the European Competitiveness Council
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.
The Council has had an encouraging exchange of views in which there was strong support to address investor concerns about long auditor tenure at large companies by recommending a maximum period for which their auditor may serve. Grant Thornton supports EU Member States allowing a significant increase in the rotation period where the company uses more than one auditor.
Many on the Council also shared investor concern about the volume and nature of non-audit services provided by a company’s auditor by imposing a cap by reference to the audit fee.
We believe that the combined result of these proposals could also help to change audit market structure for the better, provided that companies and their shareholders work together to change auditor selection decisions.
Grant Thornton also supports proposals to improve engagement between auditors and supervisors; and auditors, audit committees, and shareholders.
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