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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.
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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
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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.
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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.
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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.
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ESG Reporting and Accounting
As part of our ESG and Sustainability Services, our team will work with you on various aspects of ESG accounting and ESG reporting so that your business can be pursue a sustainable future.
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Expected Credit Loss
Our team of ECL modelling specialists combine help clients implement provisioning methodology and processes which are right for them.
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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.
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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.
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Corporate Finance
Our corporate finance team helps companies with capital raising, mergers and acquisitions, private equity, strategic joint ventures, special situations and more.
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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
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Valuations
Our valuation specialists blend technical expertise with a pragmatic outlook to deliver support in financial reporting, transactions, restructuring, and disputes.
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Sustainability with the ARC framework
Backed by the CTC Grant, businesses can tap on the ARC Framework to gain access to sustainability internally, transform business processes, redefine job roles for workers, and enhance productivity. Companies can leverage this grant to drive workforce and enterprise transformation.
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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.
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Corporate Tax Compliance
Our corporate tax teams prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and realise tax benefits.
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Tax Governance
Our Tax Governance Services are designed to assist organisations in establishing effective tax governance practices, enabling them to navigate the intricate tax environment with confidence.
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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.
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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.
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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.
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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.
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Welfare and benefits
We believe that a thriving team is one where each individual feels valued, fulfilled, and empowered to achieve their best. Our welfare and benefits aim to care for your wellbeing both professionally and personally.
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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.
Too many companies are failing to attract women to top positions, even though mixed-gender leadership teams deliver greater profits. How can we tackle this challenge?
Here’s a secret: I like to play games on my phone. My favourite? Candy Crush. And it’s not just my favourite. People around the world love it. Especially women. That’s because, in a market where for the most part men build games for men, Candy Crush creator King designed a game that specifically appeals to women. As a result, it has reaped significant commercial rewards - with an estimated daily revenue of over $400,000[1]
Businesses seeking greater gender diversity at leadership level have a lot to learn from King. While many women want to lead, too many businesses fail to understand what motivates women to become leaders. Without that understanding, how will they offer the rewards that encourage women to apply for leadership positions?
Likewise, if businesses’ definition and depiction of ‘great leadership’ doesn’t chime with what women perceive it to be, companies will broadcast messages and build cultures that don't appeal to women.
Low score
For more than a decade, Grant Thornton has annually researched levels of female participation in senior business roles. Once again, this year’s findings reveal some difficult home truths: a third of companies have no females in senior leadership positions and overall women hold less than a quarter of senior positions.
Some of the countries that talk most about the gender diversity have made the least headway. As a group, the G7 are among the worst-performing countries – just 22% of senior roles are occupied by women and 39% of companies have no women in senior roles.
What compounds bemusement about this lack of progress is that there is a wealth of research that links superior financial performance with mixed-gender leadership. Analysing the companies listed on the S&P 500, FTSE 100 and India’s CNX 200, Grant Thornton’s own Value of Diversity report illustrates a significant opportunity cost associated with male-only boards: US$655 billion of profit forgone. That’s for just 1,050 companies.
Diversity is good for business and good for growth. So why aren’t more companies creating diverse leadership teams and reaping the rewards diversity affords?
Game theory
We believe that men are subconsciously moulding the dominant culture and the messages broadcast within companies. That’s hardly surprising when three-quarters of senior business positions are occupied by men and in two-thirds of companies, they are exclusively held by men. The problem is that men typically define leadership differently from women.
For example, when it comes to being a good leader, our research found that more women than men value communication. They also think of communication differently. Whereas male respondents tended to see communication in leadership as broadcasting messages, female respondents placed more importance on listening and dialogue as a crucial aspect of communication for leaders.
We also found surprising differences in what motivates men and women to lead. Perhaps counter-intuitively, more women cite money as a driver than men. Women also point to the recognition of their ability as an important motivator.
This is where companies can look to Candy Crush for inspiration. King did its homework, developing a game that suited the way women want to play.[2] Women have rewarded King in droves through high levels of engagement. Companies can do the same to create a business model that appeals to women, and enables them to flourish and lead.
A new game
As a business leader, how should you respond to this challenge? A good first step would be to read this year’s Women in Business Report: Turning promise into practice. You then need to ask yourself honestly: does the culture of my business encourage female leadership?
As a result of this introspection, you may need to do more to demonstrate the leadership skills women value. For example, if your company values domineering leaders who solve complex problems single-handedly, you will be out of step with what women perceive to be good leadership. Review the attributes your existing leadership team has and consider the message this sends to women, both internally and externally.
Money clearly matters to women so let’s get this conversation out into the open. Women see pay as a demonstration that the business values them and will reward them fairly for their work. However, studies show that women are generally more reluctant about asking for more pay and better positions, and are much less likely than men to initiate negotiations. Companies need to encourage employees to talk freely about pay and train managers to have honest conversations with their staff about this issue.
Improved financial performance makes for a compelling case to increase female participation in senior business positions. Companies need to develop cultures that enable women and motivate them to become leaders. It’s time to learn from Candy Crush. It’s time for companies to up their game.