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Business valuations
We offer expert valuation advice in transactions, regulatory and administrative matters, and matters subject to dispute – valuing businesses, shares and intangible assets in a wide range of industries.
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Capital markets
You need corporate finance specialists experienced in international capital markets on your side if you’re buying or selling financial securities.
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Complex and international services
Our experience of multi-jurisdictional insolvencies coupled with our international reputation allows us to deliver the best possible outcome for all stakeholders.
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Corporate insolvency
Our corporate investigation and recovery teams can help you manage insolvency situations and facilitate the best outcome.
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Debt advisory
An optimal funding structure for your organisation presents unprecedented opportunities, but achieving this can be difficult without a trusted advisor.
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Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
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Financial models
A sound financial model will help you understand the impact of your decisions before you make them. Talk to us about our user-friendly models.
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Forensic and investigation services
We provide investigative accounting and litigation support services for commercial, matrimonial, criminal, business valuation and insurance disputes.
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Independent business review
Is your business viable? Will it remain viable in the future? A thorough independent business review can help your organisation answer these fundamental questions.
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IT forensics
Effective ESI analysis is integral to the success of your business. Our IT forensics experts have the technical expertise to identify, preserve and interrogate electronic data.
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Mergers and acquisitions
Grant Thornton provides strategic and execution support for mergers, acquisitions, sales and fundraising.
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Raising finance
Raising finance - funders value partners who can deliver a robust financial model, a sound business strategy and rigorous planning. We can guide you through the challenges that these transactions can pose and help you build a foundation for long term success once the deal is done.
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Relationship property services
Grant Thornton offers high quality independent advice on the many financial issues associated with relationship property from considering an individual financial issue to all aspects of a complex settlement.
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Restructuring and turnaround
Grant Thornton’s restructuring and turnaround service capabilities include cash flow, liquidity management and forecasting; crisis and interim management; financial advisory services to companies and parties in transition and distress
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Transaction advisory
Our depth of market knowledge will steer you through the transaction process. Grant Thornton’s dynamic teams offer range of financial, commercial and operational expertise.
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Corporate tax
Grant Thornton can identify tax issues, risks and opportunities in your organisation and implement strategies to improve your bottom line.
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Employment tax
Grant Thornton’s advisers can help you with PAYE (payroll tax), Kiwisaver, fringe benefits tax (FBT), student loans, global mobility services, international tax
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Global mobility services
Our team can help expatriates and their employers deal with tax and employment matters both in New Zealand and overseas. With the correct planning advice, employee allowances and benefits may be structured to avoid double taxation and achieve tax savings.
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GST
GST has the potential to become a minefield and can be expensive when it goes wrong. Our technical knowledge can help you minimise the negative impact of GST
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International tax
International tax rules are undergoing their biggest change in a generation. Tax authorities around the world are increasingly vigilant, especially when it comes to global operations.
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Research and Development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Tax compliance
Our advisers help clients manage the critical issue of compliance across accountancy regulations, corporation law and tax. We also offer business and wealth advisory services, which means we can provide a seamless and tax-effective offering to our clients.
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Transfer pricing
Tax authorities are demanding transparency in international arrangements. We businesses comply with regulations and use transfer pricing as a strategic planning tool.
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Audit methodology
Our five step audit methodology offers a high quality service wherever you are in the world and includes planning, risk assessment, testing internal controls, substantive testing, and concluding and reporting
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Audit technology
We apply our audit methodology with an integrated set of software tools known as the Voyager suite. Our technology has been developed to produce quality audits that are effective and efficient.
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Financial reporting advisory
Our financial reporting advisers have the expertise to help you deal with the constantly evolving regulatory environment.
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Business architecture
Our business architects help businesses with disruptive conditions, business expansion and competitive challenges; the deployment of your strategy is critical to success.
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Cloud services
Our team is led by cloud business experts who tailor services to the needs of your organisation, from strategy and implementation to ongoing services assurance.
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Internal audit
Our internal audits deliver independent assurance over key controls within your riskiest processes, proving what works and what doesn’t and recommending improvements.
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IT advisory
Our hands on product experience, extensive functional knowledge and industry insights help clients solve complex IT and technology issues
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IT privacy and security
IT privacy and security should support your business strategy. Our pragmatic approach focuses on reducing cyber security risks specific to your organisation
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Organisational & cultural change
The key to sustainable and future growth is a unified organisation operating within a strong cultural context, where transparency and communication are the priority for Kaimahi, and where visible leadership means walking the talk – but where does that journey begin?
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Payroll assurance
Our specialist payroll assurance team can conduct a review of your payroll system configuration and processes, and then help you and your team to implement any necessary recalculations.
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PCI DSS
Our information security specialists are approved Qualified Security Assessors (QSAs) that have been qualified by the PCI Security Standards Council to independently assess merchants and service providers.
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Process improvement
As your organisation grows in size and complexity, processes that were once enabling often become cumbersome and inefficient. To maintain growth, your business must remain flexible, agile and profitable
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Procurement/supply chain
Procurement and supply chain inputs will often dominate your balance sheet and constantly evolve for organisations to remain competitive and meet changing customer requirements
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Project assurance
Major programmes and projects expose you to significant financial and reputational risk throughout their life cycle. Don’t let these risks become a reality.
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Risk management
We understand that growing companies need to establish robust internal controls, and use information technology to effectively mitigate risk.
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Robotic process automation (RPA)
RPA is emerging as the most sophisticated form of automation used to help businesses become more agile and remain competitive in the face of today’s ongoing digital disruption.
IFRS News is a quarterly publication produced by the Grant Thornton International Financial Reporting Standards team. It provides a global insight into developments in International Financial Reporting Standards (IFRS), which are consistent with New Zealand equivalents of IFRS (NZ IFRS). These developments have a direct impact on New Zealand since our standards mirror the international ones, albeit there are a few adaptations to address the needs of not-for-profit entities and public sector entities. These are supplemented by special editions that give more insight into changes taking place.
IFRS Special Editions
IFRS News Special Edition on IFRS 15
This Special Edition of IFRS News explains the key features of the new revenue Standard and provides practical insights into its application and impact.
IFRS news special edition on leases 16
IFRS 16 represents the first major overhaul of lease accounting for over 30 years. The new Standard replaces IAS 17 ‘Leases’ along with three Interpretations (IFRIC 4 ‘Determining whether an Arrangement contains a Lease’, SIC 15 ‘Operating Leases-Incentives’ and SIC 27 ‘Evaluating the Substance of Transactions Involving the Legal Form of a Lease’).
2019 IFRS news issues
This edition considers the amendments to IFRS 9, IFRS 7 and IAS 39, which are a result of the IASB issuing a publication entitled 'Interest Rate Benchmark Reform' and concludes with IFRS-related news at Grant Thornton.
This edition of IFRS news considers the current IASB Exposure Drafts that are out for comment and concludes with IFRS-related news at Grant Thornton.
This publication begins by considering the IASB Exposure Draft ‘Interest Rate Benchmark Reform’. It also looks at the implications of the IASB’s statement that an entity should be entitled to sufficient time in determining whether it needs to change an accounting policy as a result of an IFRIC agenda decision and in implementing any such change. It then looks at the agenda decisions that were issued in March 2019 and the tentative issues that are currently out for comment. It ends with a general round-up of financial reporting developments.
Quarter 1 2019 IFRS news
In this edition of IFRS News, there is consideration of potential financial reporting implications of the UK leaving the European Union without a transition deal. As the UK’s exit date of 29 March 2019 draws closer, this is a scenario which needs to be considered seriously by entities that trade with, or have operations within, the UK. Also included are some recent IASB proposals where comments are currently being sought and some feedback on points to consider when adopting IFRS 9 and IFRS 15. Further on in this newsletter, is some IFRS-related news at Grant Thornton and a general round-up of IFRS related financial reporting developments.
2018 IFRS news issues
Quarter 4 2018 IFRS news
In this final edition of our newsletter for 2018, we look at the recently issued IASB publication ‘Definition of Material – Amendments to IAS 1 and IAS 8’, before turning to some topical issues in this final edition of our newsletter for 2018. These include regulators’ views on IFRS 9 and IFRS 15, reverse factoring, and issues related to the discontinuance of LIBOR and other inter-bank offer rates. Further on in the newsletter, you will find IFRS-related news at Grant Thornton and a general round-up of financial reporting developments, including a proposition that the basis of accounting for goodwill be reconsidered. We finish with a summary of the implementation dates of newer Standards that are not yet mandatory, and a list of IASB publications that are out for comment.
Quarter 3 2018 IFRS news
We begin this third edition of 2018 with the IASB’s major new Discussion Paper ‘Financial Instruments with Characteristics of Equity’. This contains proposals that would alter the process for classifying financial instruments issued by an entity as either financial liabilities or equity. We then move on to consider the likely outcome of Argentina being declared hyperinflationary in the second half of 2018, and the effects this would have. The accounting implications of such a large economy being considered hyperinflationary for IFRS purposes are likely to be felt well beyond Argentina itself, and we encourage clients with operations there to start preparing for the change now. Further on in the newsletter, you will find IFRS-related news at Grant Thornton and a general round-up of financial reporting developments. We finish with a summary of the implementation dates of newer Standards that are not yet mandatory, and a list of IASB publications that are out for comment.
Quarter 2 2018 IFRS news
We begin this second edition of 2018 with the revised ‘Conceptual Framework for Financial Reporting’. We then move on to look at two other recent IASB publications: Amendments to IAS 19 ‘Employee Benefits’ and an Exposure Draft on ‘Accounting Policy Changes (Proposed amendments to IAS 8)’. We then consider ESMA’s recent report on what European accounting enforcers have been doing during the past year, and an EFRAG Discussion Paper on ‘Equity Instruments – Impairment and Recycling’. Further on in the newsletter, you will find IFRS-related news at Grant Thornton and a general round-up of financial reporting developments. We finish with a summary of the implementation dates of newer Standards that are not yet mandatory, and a list of IASB publications that are out for comment.
Quarter 1 2018 IFRS news
We begin this first edition of 2018 by considering the potential effect of the recent US tax reforms on IFRS preparers with operations in America. We also remind readers of the key aspects of the two major new Standards coming into effect on 1 January 2018 (IFRS 9 ‘Financial Instruments’ and IFRS 15 ‘Revenue from Contracts with Customers’) and take a look at issues that are currently attracting regulators’ attention.
2017 IFRS news issues
Quarter 2 2017 IFRS news
We begin this second edition of the year by considering how tax issues resulting from the UK’s decision to leave the European Union may affect entities’ financial reporting. We then move on to look at a number of proposals that have been published by the IASB, including the latest instalment in the IASB’s ‘Disclosure Initiative’ project – a Discussion Paper which suggests principles to make disclosures in financial statements more effective.
2016 IFRS news issues
Quarter 4 2016 IFRS news
We begin this final edition of the year by looking at amendments that have been made by the IASB to IFRS 4 ‘Insurance Contracts’. We then look at the European and Securities Market Authority’s (ESMA) common enforcement priorities for 2016 financial statements, which contain information that will be of interest to companies all around the world.
Quarter 3 2016 IFRS news
We begin this third edition of the year by looking at some of the potential financial reporting implications of the UK’s decision to leave the European Union. We then look at the amendments and proposed amendments the IASB has recently made to its Standards before looking at IFRS-related news at Grant Thornton.
Quarter 2 2016 IFRS news
In this second addition we look at amendments made by the International Accounting Standards Board (IASB), including changes that have been made to IFRS 15 ‘Revenue’. We also remind you of a couple of major pronouncements that some companies will be applying for the first time. We then go on to discuss two major Grant Thornton publications that have been issued in the last quarter.
Quarter 1 2016 IFRS news
We begin this first edition of 2016 by looking at IFRS 16, the new Standard on lease accounting which was published by the IASB on 13 January. We then move on to items currently in the IASB’s pipeline before taking a look at issues that regulators are likely to focus on in the coming months.
2015 IFRS news issues
IFRS for SMEs (special edition)
Originally published by the IASB in 2009, the IFRS for SMEs is aimed at the needs of private companies. The IFRS for SMEs is an internationally-recognised framework for the preparation of financial statements by private companies.
Quarter 4 2015 IFRS news
We begin this fourth and final edition of the year by looking at the deferral of the effective date of IFRS 15 ‘Revenue from Contracts with Customers’. We then move on to other items in the
IASB’s pipeline, including further targeted changes to IFRS 15; IFRSrelated news at Grant Thornton; and a general round-up of financial reportingdevelopments.
Quarter 3 2015 IFRS news
We begin this third edition of the year by looking at the amendments that have been made to the International Financial Reporting Standard for Small and Medium-sized Entities following the completion of the IASB’s first comprehensive review of the Standard. We then move on to look at items in the IASB’s pipeline, including plans to defer the adoption of IFRS 15; IFRSrelated news at Grant Thornton; and a general round-up of financial reporting developments.
Quarter 2 2015 IFRS news
In this second edition of the year, we look at developments relating to IFRS 11 Joint Arrangements as well as Exposure Drafts and we also outline other items in the IASB’s pipeline. We examine IFRS-related news at Grant Thornton and also provide a general round-up of financial reporting developments.
Quarter 1 2015 IFRS news
In this first edition of 2015, we’ll look at some of the issues companies will face during their reporting seasons and new Standards issued by the IASB. We also outline Exposure Drafts that have been issued, IFRS-related news at Grant Thornton as well as a general round-up of financial reporting developments.