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Financial statements audits
Financial statement audits
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Compliance audits
Compliance audits
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Compilations and reviews
Compilations and audit
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Agreed-upon procedures
Agreed-upon procedures
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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.
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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
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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Forensic and investigative 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.
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Fraud and investigations
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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Dispute resolutions
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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Mergers and acquisitions
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.
FASB posts highlights from May 24 meeting
14 Jun 2017The FASB met on May 24 to discuss the results of staff research on the reporting performance and cash flows subtopics in Chapter 4 of the Invitation to Comment, Agenda Consultation. The discussions were educational and no decisions were made. All decisions reached at Board meetings are tentative and may be changed at future meetings. The Board also discussed the potential new projects summarized below.
Segment reporting
The Board discussed potential improvements to segment reporting related to the aggregation criteria and the disclosure requirements. The Board asked the staff to consult with financial statement preparers to better understand their segment reporting processes as well as the impact of narrow-scope improvements to these areas.
Performance statement – structure and disaggregation
The Board discussed alternatives to operating performance measures related to the structure of the income statement, and asked the staff to further study developing an operating performance measure.
The Board also asked the staff to research operating income measures used by both financial entities and nonfinancial entities and to determine which items are currently being included and excluded from those measures.
Alternative ways to require more disaggregation of performance information, through either presentation in the performance statement or disclosures related to the performance statement, were also discussed. The Board asked the staff to provide additional analysis on the following alternative approaches:
- to disaggregate functional lines into natural components
- to redefine infrequency of occurrence
- to define and separate remeasurements
- to describe the aggregation process
Cash flow statement – structure and classification
The Board discussed whether to revise the definitions of operating, investing, and financing activities, but requested no additional research on the topic.
Improvements to the classification guidance related to certain types of cash flows for which the existing guidance is either unclear or does not exist were also discussed, and the Board directed the staff to prepare an agenda request for a potential new project on targeted cash-flow classification improvements.
Articulation
The Board discussed how information was articulated in the financial statements and how improved presentation could make the interrelationships between the individual financial statements more apparent. The Board did not request that any additional work be performed on this subject, but stated that it might revisit this area, depending on the level of progress on the structure of the performance statement.
Source: Grant Thornton, On the Horizon, June 1, 2017.
