We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet...
-
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.
-
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.
-
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.
-
International Public Sector Accounting Standards
We are equally experienced in the adoption and implementation of International Public Sector Accounting Standards (IPSAS).
-
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)
-
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.
As your business grows, our advisory services are designed to help you achieve your goals. Successful growth often means navigating a complex array of...
-
Transformation Advisory
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
-
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.
-
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.
-
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.
-
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.
-
ICFR
Grant Thornton is a market leader in providing Internal Controls over Financial Reporting (ICFR) services to many well-known entities in UAE.
-
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.
-
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:
Tax policy reforms and the introduction of new tax regulations across the GCC are creating huge challenges for organisations. Grant Thornton UAE offers a...
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Excise Tax
We provide Excise Tax related advisory and compliance services to the producer, importer, and the storekeeper of excisable goods
-
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.
Financial Reporting Advisory Services (FRAS) in UAE
Grant Thornton’s Financial Reporting Advisory Services (FRAS) team supports organizations 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.
We at Grant Thornton bring together our technical knowledge and industry expertise benchmarked against similar companies to address the challenges of organisations, expectations of their stakeholders and their regulatory obligations.
Our FRAS team understands that the accounting changes can be swift, and it can be challenging to keep up with all the requirements and their potential impacts. Our team can provide timely advise on the impacts of these accounting changes to assist businesses in the development of an appropriate implementation roadmap.
What Value We Deliver to Our Clients
Our clients value having a specialist and dedicated accounting team, who can act as an independent sounding board to assist them in thinking through complex accounting matters. The summary of services we offer to our clients are as follows:
Business Combinations and Consolidations
- Providing accounting and reporting support on consolidations including business acquisitions along with post acquisition support
- Common control transactions
Convertible Securities
- Appropriate equity or debt classification
- Mix of other accounting and reporting complexities
Financial Instruments and Hedge Accounting
- Accounting treatment of financial instruments
- Accounting for financial derivatives and commodities contracts
Complex Accounting
- Accounting memos on complex accounting standards
- Treatment of these accounting standards as per the applicable guidance
Trainings
- We use our experience and insights on a wide range of accounting standards to assist clients through trainings.
Financial Statements and Models
- Assist clients in the preparation of financial statements in accordance with IFRSs
- Review of complex financial models to ensure compliance with IFRSs
Accounting Policy Reviews
- Preparation and review of enterprise-wide accounting policy frameworks and documentation
New Standards
- Addressing complexities arising from proposed new accounting standards and guidance, including the impact on existing systems and processes
Accounting Advice
- Implementation of new accounting standards
- Technical advice on specific accounting standards under IFRSs and IFRIC
Download the FRAS brochure [ 1187 kb ].
For more information with respect to Financial Reporting Advisory Services, please contact FRAS@ae.gt.com. Alternatively, please contact our team of experts below.
Read more
