Grant Thornton

Audit

We understand the pressures of complying with increasing and ever-changing regulatory requirements. It’s a constant challenge, not an annual one, so we maintain contact throughout the year, not just during the audit season. For us, a robust audit depends on our ongoing relationship with you. Our partners are genuinely hands on, leading teams that are passionate about understanding and making a difference to your business. Throughout our audit, we identify and deal with the key issues, ensuring early resolution and no surprises. We act as a sounding board for directors and senior management. 

We understand that your board and audit committee require exemplary audit methodology and technical expertise.   Insight and a service-driven partnership is also important.

Clients benefit from our proprietary audit software to deliver a cost-effective, risk-based, paperless audit. When we deal with Grant Thornton firms in other countries (perhaps where you have subsidiaries or other operations) our audit files are easily transferred to minimise coordination costs. We deliver a truly seamless global audit in a timely and efficient way.

We have invested in national technical resources and training to ensure our team are up to date with the latest Accounting and Auditing Standard requirements. The Institute of Chartered Accountants in Australia uses Grant Thornton for regular technical updates to members. This means we are not reactive when issues arise. Instead potential problems are identified and dealt with in a planned and considered way.

Right sized replies
 
We know that, in most cases, our clients need short, practical responses. Exhaustive, time-intensive and costly reports are usually not warranted in response to the issues faced by our clients. We commit to always providing a fee estimate before we undertake any significant assignment outside of the scope the year-end audit.

What you need to know about Audit and Assurance for your business

The following reports available for download in .PDF format provide key and current information that your business should be aware of:

  • International Business Report 2009 Sector: Focus on Technology
  • Global view to revenue recognition – Joint FASB IASB Discussion paper
  • Amendments to IFRS2 Cash-Settled Share-Based Payments

(Please note the above links will be active shortly, in the mean time please email a request specifying which report/s you would like us to send to you.)

In addition, the following technical publications affecting the technology sector cover important considerations with respect to Audit and Assurance for your business:

 

Next, learn about Internal Audit.

 
 

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