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Audit and Assurance
Business Process Outsourcing
Business Risk
Corporate Finance
CFO Services
Forensic Advisory
Restructuring and Insolvency
Tax
Transaction Advisory
Valuations

Whether you’re legally obligated to undertake an audit or it is part of your best practice procedures or a milestone to pursue your strategic ambitions – no...

Accounting Advisory
Our accounting advisory team help businesses meet their complex financial reporting requirements. The team can support in applying new financial reporting standards, IFRS/ US GAAP conversions, financial statement preparation, consolidation and more.

Business Process Outsourcing

Our business process outsourcing team can provide accounting and payroll services to help you reduce costs, improve efficiencies and, in many cases, ensure...

Payroll
Our team can handle your payroll processing needs to help you reduce cost and saves time so that you can focus on your core competencies
Managed accounting and bookkeeping
Outsourcing the financial reporting function is a growing trend among middle market and startup companies, as it provides a cost-effective way to improve the finance and accounting function. Our team can help with financial statement preparation, consolidation and technical on-call advisory.

CFO Services

Our CFO services team helps CFOs in defining business strategy, mitigating risks and mentoring the leadership.

Accounting Advisory
Our team helps companies keep up with changes to international and domestic financial reporting standards so that they have the right accounting policies and operating models to prevent unexpected surprises.
Crypto Accounting Advisory Service
Our team can help you explore appropriate accounting treatment for accounting for holdings in cryptocurrencies, issuance of cryptocurrencies and other crypto/blockchain related accounting issues.
Expected Credit Loss
Our team of ECL modelling specialists combine help clients implement provisioning methodology and processes which are right for them.
Managed Accounting and Bookkeeping Services
Outsourcing the financial reporting function is a growing trend among middle market and startup companies, as it provides a cost-effective way to improve the finance and accounting function. Our team can help with financial statement preparation, consolidation and technical on-call advisory.

Tax

We use a combination of reason and instinct based on our experience and local insights as we work with you to develop strategies that help you to understand...

Business Tax Advisory
Our business tax team can help you navigate the international tax landscape, grow through mergers and acquisitions, or plan an exit strategy.
Corporate Tax Compliance
Our corporate tax teams prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and realise tax benefits.
Goods and Services Tax
Our GST team supports organisations throughout the entire business life-cycle. We can help with GST registration, compliance, risk management, scheme renewals, transaction advisory and more.
Transfer Pricing
Our Transfer Pricing team advises clients on their transfer pricing matters on and end-to-end basis right from the designing of policies, to assistance with annual compliance and assistance with defense against the claims of competing tax authorities.
Employer Solutions
Our Employer Solutions team helps businesses remain compliant in Singapore as well as globally as a result of their employees' movements. From running local payroll, to implementing a global equity reward scheme or even advising on the structure of employees’ cross-border travel.
Private Client Services
Our private client services team provides a comprehensive cross section of advisory services to high net worth individuals and corporate executives, allowing such individuals to concentrate on their business interests.

Transaction Advisory

Our team can help in conducting thorough due diligence on the fine detail and providing value-focused and pragmatic advice throughout the transaction.

Business Tax Advisory
Our business tax team can help you navigate the international tax landscape, grow through mergers and acquisitions, or plan an exit strategy.
Corporate Finance
Our corporate finance team helps companies with capital raising, mergers and acquisitions, private equity, strategic joint ventures, special situations and more.
Financial Due Diligence
From exploring the strategic options available to businesses and shareholders through to advising and project managing the chosen solution, our team provide a truly integrated offering
Valuations
Our valuation specialists blend technical expertise with a pragmatic outlook to deliver support in financial reporting, transactions, restructuring, and disputes.

Related insights:

Mergers & Acquisitions Reducing risk in cross-border transactions

15 Jan 2018

Cross-border merger and acquisition opportunities are increasing as healthy company financials in many economies drive an appetite for deals.

Careers

Working at Grant Thornton

Diversity and Inclusion
We want to help our people learn and grow in the right direction. We seek to provide each individual with the right opportunities and support to enable them to achieve their best.
Career development
We want to help our people learn and grow in the right direction. We seek to provide each individual with the right opportunities and support to enable them to achieve their best.
Flexibility
In order to flourish, our people need the freedom to balance their day-to-day lives with their work. This is why we’ve set out to create inclusive and flexible policies and practices for you to accommodate all your responsibilities and needs: children, family and beyond.

Covid-19

Financial reporting challenges during COVID-19

04 Mar 2021

Management, with the oversight of those charged with governance, is responsible for the preparation of the financial statements. As the uncertainty in the future economic outlook continues, management faces ongoing challenges in the preparation of the financial statements such as increases in estimation uncertainty.

Some financial reporting areas to consider include:

Management’s assessment of whether the going concern assumption is appropriate and takes into account the most recent forecasts and expectations of future business activities, including disclosures about substantial doubt or when a material uncertainty exists.
Alternative methods, significant assumptions or sources of data used by management in assessing the effect of estimation uncertainty as part of developing estimates and analyzing impairment of intangible assets.
Impact of contract modifications such as amendments to the terms of debt agreements, waivers on debt covenants, or rent concessions.
Fair value measurements, particularly of financial instruments and investment property to determine that the value reflects the conditions at the date of the financial statements.
Financial assistance received (or planning to receive) from government stimulus programs and the appropriate accounting treatment, for example whether the financial assistance needs to be spent on a particular activity like payroll.

The below resources provide additional guidance related to financial reporting and challenges finance teams may face due to the impact of COVID-19.

Also appears under...

Accounting Advisory

Financial reporting challenges during COVID-19

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