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Financial Reporting Advisory Services
Grant Thornton’s Financial Reporting Advisory Services (FRAS) team supports organisations through a diverse range of accounting and reporting services including transaction accounting, analysis and adoption of new International Financial Reporting Standards, training on new and complex standards, and other related services that enable organizations to achieve greater transparency and navigate through the ever-changing regulatory landscape.
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CFO Advisory Services
Chief Financial Officers (CFOs) and finance teams periodically face difficulties in financial reporting and accounting. To address these issues and challenges GT’s team looks to reduce the periodic uncertainty faced by our clients around difficult reporting and accounting standards and can help overcome these difficulties with our CFO advisory services.
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International Financial Reporting Standards
Capability in International Financial Reporting Standards (IFRS) is one of our core skills. We have access to a full-time team responsible for high quality, consistent application of IFRS throughout the global organisation.
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International Public Sector Accounting Standards
We are equally experienced in the adoption and implementation of International Public Sector Accounting Standards (IPSAS).
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In-Country Value
Grant Thornton is honored to be one of the Certifying Bodies to implement the National In-Country Value (ICV) Program for the Ministry of Industry and Advanced Technology (MoIAT)
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Staff Secondment Services
Finding qualified, skilled professionals for a specific purpose and time period can be a significant challenge for many organisations. We alleviate that challenge with a talent pool of highly motivated and technically trained individuals who have excellent soft skills and the agility to adapt quickly to varied client environments.
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Transformation Advisory
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
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M&A and Transactions Advisory
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Forensics
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
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Restructuring
We have an established standard of excellence for Restructuring within the United Arab Emirates with a focus on client success throughout a complex period of the business life cycle.
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Incorporation and Compliance
Grant Thornton assists businesses in setting up and complying with these regulations and acts as adviser for companies to ensure their activities, policies and procedures follow the guidelines specified by respective regulations.
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ICFR
Grant Thornton is a market leader in providing Internal Controls over Financial Reporting (ICFR) services to many well-known entities in UAE.
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Islamic Finance
Grant Thornton's Islamic Financial Services team comprises a global network of professionals with in-depth knowledge of Islamic finance and providing practical, value added assistance to their clients across a range of specialisms and issues.
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Regulatory Compliance
Grant Thornton holds a proven track-record in Regulatory Compliance advisory, our range of services will facilitate robust guidance to help you manage your regulatory risks and affairs, our teams of specialists assist our clients in the following areas:
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Corporate Tax
Our diversified team of corporate tax subject matter experts combines a perfect blend of international experience across several industry sectors, technical expertise, and commercial nuances with a commitment to deliver exceptional value to your business.
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VAT
The VAT team at Grant Thornton is well versed with the VAT Laws applicable across the region and holds valuable experience and professional accreditation in assisting clients across diverse industries to comply with the VAT obligations.
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Transfer Pricing
Grant Thornton UAE assists its clients in providing transfer pricing solutions that are implementable and operational, considering the facts and concerns of its clients.
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International Tax and Tax Due Diligence
Grant Thornton UAE supports multinational groups to optimise their tax structures. We can also assist businesses in analysing existing group transactions and inter-group supplies, as well as advising on potential implications of various taxes to facilitate an efficient Group tax structure.
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Economic Substance Requirements
Economic Substance rules were introduced in the UAE in 2019, requiring UAE businesses that undertake certain ‘Relevant Activities’ to maintain and demonstrate adequate substance.
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Customs and International Trade
The team at Grant Thornton is positioned centrally to assist the businesses with global cross-border tax structuring, planning and compliance needs.
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Excise Tax
We provide Excise Tax related advisory and compliance services to the producer, importer, and the storekeeper of excisable goods
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Business Process Outsourcing Services
Our team at Grant Thornton offers comprehensive and cost effective outsourced solutions, enabling stakeholders and business owners to focus on their core business goals.
As the business environment changes and the economy grows, it is important to make a difference not only within our professions, homes and within our businesses but also to make a difference within the communities in which we live and work.
I have previously discussed the importance of being socially responsible, but how can we make a difference and what are we doing to make a commitment to change?
We believe that no value is added by rubber stamping an opinion on the financial matters of a business alone, a deep engagement at a business and social level is needed in order to ensure that we play an active role in developing individual’s technical and professional skills as well as supporting the wider economy. Making a difference is at the heart of what we do. Our mission is to make a difference to our clients, our colleagues, our profession and our communities.
Locally, we encourage and take part in a number of initiatives which support the community and the economy. We support the community by raising money for local charities by running marathons and delivering seminars at Universities to the future leaders of tomorrow. Equally, we support business leaders by mentoring future CFOs who have the ability to make a difference to the economy and business environment in which we work.
Likewise, we support various environmental initiatives such as cleaning natural reserves and ensuring our environment continues to remain protected. I am an advocate of supporting the community and take the time to mentor future leaders who I hope can go onto one day make a difference to our wider economy but equally continue to make a difference to society.
In 2015, we will be running the Dubai Marathon (10km) for a chosen local charity to ensure we not only aim to achieve a great result for ourselves but also work together to make a difference. Whilst training for this challenge and promoting a healthier lifestyle for our people, this will also allow us to raise money to make a charitable donation to continue making a difference at every step.
Globally, we support a number of charities. One of the ways in which we do this is through our international business report, whereby we donate $5 to UNICEF for every questionnaire completed. The US$5 donation is a key driver for business leaders to undertake the survey.
In today's fast-moving business environment, time pressures on senior executives are ever increasing so the direct link to an internationally-recognized charity makes a real difference to the success of the project, and, more importantly, helps to save children’s lives. Grant Thornton International has donated almost US$400,000 to UNICEF over the past five years through the IBR (international business report) report alone (not taking into account any other donations which have been made).
Corporate social responsibility should be engrained within the heart of any business and shouldn’t be seen or used as a marketing tactic. What we do as an organization to make a difference to the community will only allow it to serve us for generations to come.
As leaders we set the precedent for our teams and lead the way to change for our clients, people and communities, therefore each leader should endorse, support and actively get involved to ensure corporate social responsibility continues to make a difference, now and in the future. As once famously stated “each one of us can make a difference but together we can make change”.