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Compliance and audit reviews
From mandates, best practice procedures or accreditations, to simply gaining peace of mind, our technical and industry experts have you covered.
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External audit
Strengthen business and stakeholder confidence with professionally verified results and insights.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Corporate tax
Identify tax issues, risks and opportunities in your organisation, and implement strategies to improve your bottom line.
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Indirect tax
Stay on top of the indirect taxes that can impact your business at any given time.
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Individual tax
Preparing today to help you invest in tomorrow.
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Private business tax structuring
Find the best tax structure for your business.
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Tax disputes
In a dispute with Inland Revenue or facing an audit? Don’t go it alone.
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Research & development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Management reporting
You’re doing well, but could you be doing even better? Discover the power of management reporting.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Succession planning
When it comes to a business strategy that’s as important as succession planning, you can’t afford to leave things to chance.
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Trust management
Fresh perspectives, practical solutions and flexible support for trusts and estate planning.
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Forecasting and budgeting
Prepare for every likely situation with robust budgeting and forecasting models.
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Outsourced accounting services
An extension of your team when you need us, so you can focus your time, energy and passion on your business.
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Setting up in New Zealand
Looking to set up a business in New Zealand? You’ve come to the right place.
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Policy reviews & development
Turn your risks into strengths with tailored policies that protect, guide and empower your business.
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Performance improvement
Every business has untapped potential. Unlock yours.
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Programme & project management
Successfully execute mission-critical changes to your organisation.
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Strategy
Make a choice about your vision and purpose, where you will play and how you will win – now and into the future.
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Risk
Manage risks with confidence to support your strategy.
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Cloud services
Leverage the cloud to keep your data safe, operate more efficiently, reduce costs and create a better experience for your employees and clients.
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Data analytics
Use your data to make better business decisions.
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IT assurance
Are your IT systems reliable, safe and compliant?
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Cyber resilience
As the benefits technology can deliver to your business increases, so too do the opportunities for cybercriminals.
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Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
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Virtual CSO
Security leadership and expertise when you need it.
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Debt advisory
Raise, refinance, restructure or manage debt to achieve the optimal funding structure for your organisation.
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Financial modelling
Understand the impact of your decisions before you make them.
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Raising finance
Access the best source of funding for your business with a sound business strategy and rigorous planning.
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Business valuations
Valuable decisions require valued insights.
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Complex and international services
Navigate the complexities of multi-jurisdictional insolvencies.
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Corporate insolvency
Achieve fair and orderly outcomes if your business – or part of it - is facing insolvency.
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Independent business review
Is your business viable today? Will it be viable tomorrow? Give your business a health check to find out.
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Litigation support
Straight forward advice from trusted advisors to support litigation and arbitration matters, expert determinations and other specialist hearings.
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Business valuations
Valuable decisions require valued insights.
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Forensic accounting & dispute advisory
Understand the true values, numbers and dollars at stake, as well as your obligations and rights to ensure value is preserved and complexities are managed.
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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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Investigation services
A fast and customised response when misconduct occurs in your business.
Opportunity for Not for Profit Boards to better understand responsibilities
Directors and trustees in the Not for Profit sector must perform at the same level as their counterparts in the public and private sectors.
This is one of the findings of a survey by Grant Thornton of 416 Not for Profit organisations in Australia and New Zealand - one of the most comprehensive studies of its type undertaken on an Australasian-wide basis.
Less than half (43%) of New Zealand organisations surveyed said all of their directors and trustees understood how they were expected to perform, compared with 65% of Australian organisations.
Grant Thornton New Zealand Partner, Michael Stewart says the findings are an improvement on previous years, but there is still a need for board member education within the sector.
“This continues a trend that has been apparent for some years now. New Zealand has introduced new reporting standards with more on the way together with new requirements for an annual audit or review,” Stewart says.
“Given this, and the greater accountability and expectations of independent directors, there is more pressure on Not for Profit organisations to proactively rethink the composition of skills, experience and ways of thinking around their board table.”
Simon Telfer, Founder of Appoint Better Boards observes: “We are starting to see boards wanting to replace passionate volunteers with commercial expertise, especially in the sports sector. This not only helps boards navigate increasing legal risks, but also addresses greater funding challenges as donors with the deepest pockets are seeking greater evidence of sound governance and business practices.”
The survey showed board members of larger organisations with higher turnovers were seen as having a better understanding of their legal responsibilities. Smaller organisations particularly in the culture, sport and recreation sectors were most likely to think that board members did not understand their legal responsibilities.
However, even in the highest turnover category, the percentage of organisations where all board members were seen to understand their legal responsibilities was a low 57%.
The Grant Thornton report says the complexity of the modern governance environment is a good reason for consolidation within the Not for Profit sector.
Stewart adds: “Our survey shows that small Not for Profits are more likely to struggle in the governance sphere.”
“While there are exceptions to this, the general trend is clear. We expect to see the average size of Not for Profits increase in coming years through mergers, creation of alliances and outsourcing, and a trend towards more boards run by suitably qualified professionals.”
Further enquiries, please contact:
Michael Stewart
Partner, Grant Thornton New Zealand Ltd
M +64 (0)21 670 076
E michael.stewart@nz.gt.com
Simon Telfer
Founder, Appoint Better Boards
M +46 (0)21 321 901
E simon@stimulusnz.com