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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.
System and Organization Control reports (SOC), provide insight into how a particular process is conducted. They also provide insight into whether the internal controls are adequate to maintain the desired level of accuracy, completeness or relevance when focusing on business processes. If you are concerned about information technology, SOC reports help assure that a control frameworks exist around the following criteria security, availability, processing integrity, confidentiality, privacy or other topics.
Also, SOC reporting helps build trust with stakeholders by demonstrating that appropriate controls are in place for your business processes and information technology.
Here are some examples of how a SOC report may be used:
●Customer request: If a current or prospective customer wants you to demonstrate your ability to meet service commitments or system requirements effectively, or that you have the right customer protections in place, a SOC 2 or SOC 3 report can help build confidence.
●Reduce audit requests: If your current customers require audit support for their controls over financial reporting related to your system, a SOC 1 report can reduce the burden of compliance from many unique requests made by many unique customers to a streamlined report upon which all your customers can rely.
●Management internal evaluation: Management can request an independent audit to understand whether the controls and security framework they have in place are operating as expected.
The key benefit of a SOC examination and report is to demonstrate an understanding of both the process and the risks, as well as the suitability of design and operating effectiveness of controls. On the other hand, there are three primary types of SOC reports, each tailored to address different aspects of these processes:
SOC 1
Primarily address controls relevant to financial reporting; it assures that the controls in place help maintain the accuracy and completeness of financial data. For businesses providing services that affect their customers’ financial statements, a SOC 1 report can streamline compliance efforts by providing standardized reports that multiple customers can rely on.
SOC 2
These reports delve into controls related to the AICPA trust services principles: security, availability, processing integrity, confidentiality, and privacy. SOC 2 are often applicable for technology service providers.
SOC 3
Designed for public distribution, SOC 3 covers the same areas as SOC 2 reports and can be available for the general public on websites and marketing materials. These reports showcase a business’ commitment to security and privacy practices, thus building trust with potential customers.
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. Kevane 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. Contact us for more information: kgt@pr.gt.com