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Audit approach
Designing a tailored audit programme customised for your business, we will combine the collective skill and experience of assurance professionals around the world to deliver an audit that is efficient and provides assurance to your key stakeholders.
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Audit methodology
We have adopted Grant Thornton International's Horizon audit approach and Voyager software, a revolutionary paperless audit designed to achieve a consistent standard of audit service.
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MFRS
At Grant Thornton, our MFRS advisers can help you navigate the complexity of financial reporting.
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Our local experts
Our local experts
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Tax advisory & compliance
Our teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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Corporate & individual tax
Our 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 & Global mobility services
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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Indirect tax
Our indirect tax specialists help clients in effective planning; assist to bring clarity to the legislation; assist and advise in audits or investigations. It is important for all entities, whether or not required to register for Sales Tax or Service Tax to analyse the impact of the taxes on their business operations, their revenues and expenses, and their customers and suppliers.
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Tax audit & investigation
Tax audit and investigation
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Transfer pricing
Transfer pricing
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M&A, Restructuring & Forensics
Forensic
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Corporate finance
Whether you are raising capital, disposing of a business or seeking a wider market for your company's shares on a stock market, we are ready to help make it a successful and stress-free experience for you.
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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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Recovery and reorganisation
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The future of audit
01 Apr 2016The world is changing. The financial crisis emphasised the extent to which financial systems are connected globally. This interconnectedness not only brings greater prosperity, but also greater concentrations of systemic risk.
As the crisis led to a lack of public trust, it is not surprising that audit is expected to be a major part of the solution. In practice, to achieve this, audit and auditors need to change in order to respond to the challenges of this interconnected world and greater public expectations.
With changes occurring in the audit environment; the requirements of what audit brings; as well as in the auditors themselves, what does this mean for the future of Audit?
The future of audit was discussed at a series of jointly hosted (Grant Thornton and ACCA) roundtables in China, the EU, Singapore, South Africa, the UAE, the UK and Ukraine. These locations having been chosen to cover a range of business environments with differing characteristics.
“We heard views from investors, companies, regulators and banks. While audit remains valued the world over, there was a striking message. Jurisdictions with a long history of audit said the future was in assurance on a broad range of data; which contrasted with those with a shorter audit history who want a stable body of rules to enable them to maximise benefits. The implication for global rule makers being that one pace of development will not suit all.”
Nick Jeffrey - Director - public policy, Grant Thornton
From strong audit traditions to the digital age, the results of those discussions, some of which might be surprising, are detailed in this report.
To discuss any of the areas and implications raised in this report, please contact Hooi Kok Mun.
