-
Business consulting
Powerful forces such as globalisation and rapid technological change are disrupting traditional business models. By working with Grant Thornton, you'll better understand these forces and their impact. We can formulate solutions to keep you ahead of disruptive change
-
Cybersecurity
The explosion of data generated by digital technology, combined with a new degree of connectedness among organisations, means that there is ripe opportunity for the technologically savvy and criminally minded to take advantage.
-
Forensic and investigation services
Fraud and corruption pose a growing challenge worldwide. The commercial landscape is changing fast. An ever more regulated environment means organisations must adopt stringent governance and compliance processes.
-
Mergers and acquisitions
We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
-
Transactional advisory services
Transactions are significant events in the life of a business, so the stakes are high for both buyers and sellers.
-
Valuations
Our valuation specialists blend technical expertise with a pragmatic outlook to deliver support during transactions, restructuring and disputes.
-
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.
-
Audit quality monitoring
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.
-
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
-
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.
-
Direct international tax
Dynamic companies are increasingly seizing cross-border opportunities to build their businesses. We have the insight and agility to create the strategies you need to respond quickly to ever-changing tax laws.
-
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.
-
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.
-
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.
Navigating the changes to IFRS 2020
05 Mar 2020Every year the requirements of International Financial Reporting Standards (IFRS) change. New Standards, Interpretations and Amendments are published that will affect companies’ future financial reporting. Our publication, Navigating the Changes to International Reporting Standards [ 2838 kb ], is designed to give Chief Financial Officers a high-level awareness of these recent changes to IFRS. It covers both new Standards and Interpretations that have been issued and amendments made to existing ones.
What’s new in the 2020 edition?
The December 2020 edition of the publication has been updated for changes to International Financial Reporting Standards that have been published between 1 January 2019 and 31 December 2019.
The publication now covers 31 March 2019, 30 June 2019, 30 September 2019, 31 December 2019 and 31 March 2020 financial year ends.
Effective dates of new Standards
The publication includes a table on page 2 which lists all the changes included, their effective dates and whether early application is permitted. However, the latter will also be dependent on local legislation.
The table can be used to identify the changes that affect you. It has been colour coded to help entities planning for a specific financial reporting year end, and identifies:
- changes mandatorily effective for the first time
- changes not yet effective
- changes already in effect.
Identifying the commercial significance of the changes
For each change covered in the publication, we have considered its commercial implications. This assessment focuses on two questions:
- how many entities will be affected?
- what will be the impact on affected entities?
A traffic light system indicates our assessment of the answers to these questions.
