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Agreed-upon procedures
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Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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International tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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Tax compliance
Business Tax
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Individual taxes
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Estate and succession planning
Estate and succession planning
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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.
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Sales and use tax and indirect taxes
SUT/ VAT & indirect taxes
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Tax incentives program
Tax incentives program
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Transfer Pricing Study
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
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Business consulting
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
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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.
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The commercial landscape is changing fast. An ever more regulated environment means organizations today must adopt stringent governance and compliance processes. As business has become global, organizations need to adapt to deal with multi-jurisdictional investigations, litigation, and dispute resolution, address the threat of cyber-attack and at the same time protect the organization’s value.
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Our independent experts are experienced in advising on civil and criminal matters involving contract breaches, partnership disputes, auditor negligence, shareholder disputes and company valuations, disputes for corporates, the public sector and individuals. We act in all forms of dispute resolution, including litigation, arbitration, and mediation.
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Business risk services
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
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Internal audit
We work with our clients to assess their corporate level risk, identify areas of greatest risk and develop appropriate work plans and audit programs to mitigate these risks.
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Service organization reports
As a service organization, you know how important it is to produce a report for your customers and their auditors that instills confidence and enhances their trust in your services. Grant Thornton Advisory professionals can help you determine which report(s) will satisfy your customers’ needs and provide relevant information to your customers and customers’ auditors that will be a business benefit to you.
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Transaction advisory services
Transactions are significant events in the life of a business – a successful deal that can have a lasting impact on the future shape of the organizations involved. Because the stakes are high for both buyers and sellers, experience, determination and pragmatism are required to bring deals safely through to conclusion.
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Globalization and company growth ambitions are driving an increase in M&A activity worldwide as businesses look to establish a footprint in countries beyond their own. Even within their own regions, many businesses feel the pressure to acquire in order to establish a strategic presence in new markets, such as those being created by rapid technological innovation.
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Valuations
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.
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Recovery and reorganization
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The Division of Corporation Finance issues tech, IP risk disclosure guidance
21 Jan 2020On December 19, 2019, the SEC’s Division of Corporation Finance issued CF Disclosure Guidance: Topic No. 8, Intellectual Property and Technology Risks Associated with International Business Operations.
Compliance program requirements
The guidance provides the Division of Corporation Finance (CorpFin) views on disclosure obligations regarding risks related to the potential theft or compromise of data, technology, and intellectual property (IP) within the context of the federal securities laws and the SEC’s principles-based disclosure system, which companies should consider when conducting business in foreign jurisdictions.
Sources of risks
In today’s business environment, companies may be exposed to material risks of theft of proprietary technology and other IP, including technical data, business processes, data sets or other sensitive information. These risks may increase when companies conduct business in certain jurisdictions outside the United States: store technology, data, or intellectual property abroad or license technology to joint ventures with foreign partners. For example, technology, data, or IP may be stolen or compromised through direct intrusions, such as cyber intrusions into a company’s computer systems or physical theft, or through indirect intrusions, such as reverse engineering of products or components.
Further, in order to access or conduct business in certain foreign markets, companies may be required to compromise protections or yield rights to their technology, data or IP. The guidance provides examples of arrangements or requirements that could limit the company’s ability to protect its own technology, data, or IP, which may negatively impact the company’s current and future competitive edge.
Assessing and disclosing risks
The guidance encourages companies to assess the risks of potential theft or compromise of technology, data, or IP in connection with international operations, including how these risks could impact their business, financial condition and results of operations, reputation, stock price, and long-term value. When material to investment and voting decisions, companies should provide tailored disclosures that are specific to a company’s facts and circumstances.
Notably, the guidance indicates that when a company’s technology, data, or IP is or was previously compromised, hypothetical disclosure of potential risks is not sufficient.
In CorpFin’s view, companies should assess the materiality of these risks now and on an ongoing basis and update disclosures accordingly. The guidance includes detailed questions regarding a company’s current and future operations that should be considered to assess risks related to IP and technology and the related disclosure obligations.
Source:
Grant Thornton, On the Horizon January 9, 2019.
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