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Business risk services
Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
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Cybersecurity
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
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Business consulting
We can formulate solutions to keep you ahead of disruptive change.
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Valuations
Our valuation specialists blend technical expertise with a pragmatic outlook to deliver support during transactions, restructuring and disputes.
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Transactional advisory services
Helping you with successful growth deals throughout your business life cycle.
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Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery.
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Mergers and acquisitions
Strategic growth decision making. Globalisation and company growth ambitions are driving an increase in M&A activity worldwide.
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Forensic and investigation services
Rapid and customised approach to investigations and dispute resolution.
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International Financial Reporting Standards (IFRS)
Our member firm IFRS advisers can help you navigate the complexity of the Standards so you can focus your time and effort on running your business.
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Audit quality monitoring
A key component of our global strategy is to promote the delivery of consistent, high quality client service worldwide.
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Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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Corporate and business tax
Growing businesses need strong tax management to meet current and future tax liabilities and we can help you achieve this, whatever challenges you face.
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Direct international tax
We have the insight and agility to create the strategies you need to respond quickly to ever-changing tax laws.
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Global mobility services
In a globalised world, businesses must work seamlessly across borders. Organisations operate in multiple countries and view international expansion as a strategic objective.
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Indirect international tax
With more goods and services crossing national borders than ever before, you may be facing indirect tax obligations in many countries – even those where your customer is located.
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Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
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Private client services
Protecting business and personal wealth is of upmost importance for private clients worldwide. At Grant Thornton, we bring reason and instinct to all aspects of your personal finance and compliance planning.
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Transfer pricing
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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Tax policy
Grant Thornton’s teams can work with you to help you understand these regulations, develop a strategy tailored to your business’ individual tax needs and manage tax risk around the globe.
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Business process solutions
As organisations grow, back office processes and meeting reporting requirements across multiple jurisdictions can become a distraction. We remove the burden of back office operations and worries about compliance to enable you to focus on growth.
Clarifications to IFRS 15
01 Oct 2015ED/2015/6 Clarifications to IFRS 15
Our letter is in response to the IASB's Exposure Draft (ED) 2015/6 'Clarifications to IFRS 15'.
In this ED the IASB has proposed a number of clarifications to IFRS 15 with respect to licensing, identifying performance obligations, and determining whether an entity is acting as a principal or an agent in a transaction. The IASB also proposes to provide transition relief for both modified contracts and completed contracts. Overall, we agree with the substance of the proposed amendments, subject to some detailed comments set out in our responses to the questions asked by the ED. We also agree with the IASB's decision not to undertake further amendments in a number of specific areas including collectability, non-cash consideration, and the presentation of sales taxes.
In addition to our overall message of support, we express concern about differences in wording between IFRS 15 and ASC Topic 606 that will result if the FASB proceeds with its own amendments in these areas. We urge the Boards to continue their efforts to maintain convergence, to ensure that identical language is used in situations where similar results are intended, and to consider that wherever texts vary, divergence in practice may result.
