type to see results
We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet...
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Audit of annual and consolidated financial statements
Objectivity, expertise and experience are crucial when it comes to assurance services. And above all developing a strong working relationship with our clients is the foundation of our service approach.
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Assurance related advisory services
Assurance related advisory services are based on the knowledge and expertise that are the staff of life of our auditors.
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Global audit technology
We apply our global audit methodology through an integrated set of software Tools.
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Accounting related consulting
Accounting in accordance with UGB, US-GAAP or IFRS is in constant motion. The integration of new regulations into their own accounting systems poses special challenges for companies.
At Grant Thornton, tax is a key part of our organisation and our award-winning teams can offer you a range of solutions, whatever the size of your business or...
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Corporate Taxes
Experts at Grant Thornton Unitreu have many years of experience and provide the full spectrum of tax services. They are familiar with the specifics of the Austrian market in all aspects of tax and economic law. Tax consultants at Grant Thornton Unitreu take pride in developing and concluding effective and individual solutions.s.
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International Tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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Transfer pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
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Value Added Tax (VAT)
Experts at Grant Thornton Unitreu have many years of experience and provide the full spectrum of tax services. They are familiar with the specifics of the Austrian market in all aspects of tax and economic law. Tax consultants at Grant Thornton Unitreu take pride in developing and concluding effective and individual solutions.s.
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Private Wealth
Our experienced Private Wealth Team distinguishes itself through its long-term and trustworthy advice to private clients, owner-managed companies and private foundations.
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Real Estate Consulting
Real estate, buy-side tax due diligence when purchasing real estate by (i) acquiring shares in real estate companies (share deal) or by (ii) purchasing real estate directly (asset deal)
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Global Mobility Services
Assignment management is a task with many aspects and many contact persons. For successful expatriate management you need not only a local tax consultant, but a network, which successfully cooperates across borders. Grant Thornton has member companies in more than 130 countries with Global Mobility experts who regularly exchange information.
At Grant Thornton, outsourcing represents more than US$250 million of our business. Whatever the size of your organisation or wherever you are in the world, we...
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Bookkeeping & Financial accounting
Financial accounting is the basis for many decisions in the company. Only those who prepare their figures clearly and get a good overview of their company can recognize weak points in time and react to negative developments. The use of state-of-the-art software (BMD) allows you to access your figures at any time. Digital document management and a document management system for data archiving are a matter of course. We take care of your financial accounting.
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Preparation of annual & consolidated financial statements
Depending on the size of your company and the legal form chosen, you are obliged to prepare annual financial statements. In addition, shareholders, owners and management want to be provided with financial information on a regular basis. We support you in fulfilling your recording obligations and thus ensure that you present companies, the bank and other addressees with meaningful and reliable figures.
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Payroll Services
Payroll services are among the subject areas that are changing rapidly and constantly gaining in complexity. This is where tax law, social security law, labour law, residence law and other legal matters come together. Our experts will help your team to stay up-to-date and solve complex issues. But we are also happy to take care of your entire payroll accounting.
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Tax Compliance
Tax authorities keep entrepreneurs and freelancers constantly engaged with tax issues, so they play a central role in almost every business decision. Depending on your needs, our services range from the preparation of tax returns, the execution of tax calculations with a thorough review of the data as a basis for assessment, to international tax compliance for several countries.
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Robotic Process Automation (RPA)
Robotic Process Automation (RPA) is a software-based technology that mimics a series of activities within and between systems based on a set of instructions typically to complete a process.
As your business grows, our advisory services are designed to help you achieve your goals. Successful growth often means navigating a complex array of...
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Valuation
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
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Transaction Support
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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Merger & Acquisition
M&A, Merger & Acquisition
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Restructuring & Going Concern Forecast
Recovery & Reorganization
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IT Audit
Increasing networking and digitalisation are bringing about far-reaching changes in the business world. Modern accounting is no longer conceivable without complex IT systems. At the same time, however, this also increases the risks for companies, especially when handling data. Confidentiality, availability and integrity of data are central security requirements that must also be met with regard to the correctness of IT-supported accounting. Our IT auditors are experts in operational IT operations and develop targeted measures for you to counteract risks and to check the security and reliability of your IT systems.
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Internal Audit
Internal Audit helps companies and organisations to achieve their goals by analysing and evaluating the effectiveness of risk management, controls and management and monitoring processes. Internal Audit focuses on independent and objective audit (assurance) and consulting services that improve the value creation and business activities of your company.
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Special Attestation
At present, practically all types of IT services can be outsourced to service providers. Advancing technological developments, especially the possibilities for virtualizing server systems, are a major driver for companies to increasingly outsource IT services. Frequently, nested outsourcing structures can also be found in which service companies outsource certain IT services to subcontractors.
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Expert dispute resolution & advisory
Grant Thornton Austria offers comprehensive services in the field of business-oriented expert services with a broad range of competencies from banking to communication. The core activity of experts is the objective recording of findings and the preparation of expert opinions - regardless of all external circumstances. Our experts Gottwald Kranebitter and Georg H. Jeitler, as sworn and court-certified experts, ensure that the highest professional standards and the principle of objectivity are observed.
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Crisis Management
Crisis Management
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Blockchain & Crypto-Assets
Blockchain as a carrier technology for crypto currencies and smart contracts, among other things, is becoming increasingly important. Grant Thornton Austria offers comprehensive audit and confirmation services for block chain technologies and business models.
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Corporate & Brand Strategy
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.
IFRS
Insights into IAS 36
16 Dec 2021IAS 36 ‘Impairment of Assets’ is not a new Standard, and while many of its requirements are familiar, an impairment review of assets (either tangible or intangible) is frequently challenging to apply in practice. This is because IAS 36’s guidance is detailed, prescriptive and complex in some areas.
The articles set out below in our ‘Insights into IAS 36’ series have been written to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in IAS 36, and revisit some areas where confusion has been seen in practice.
We hope you find the information in these articles helpful in giving you some insight into IAS 36. If you would like to discuss any of the points raised, please speak to our experts Christoph Zimmel and Rita Gugl.
Insights into IAS 36
August 2021
Overview of the Standard
IAS 36
'At a glance’ overview of IAS 36’s main requirements and major steps in applying them.
Read moreAugust 2021
Scope and structure
IAS 36
Taking a closer look at the scope of the impairment review and how it is structured.
Read moreAugust 2021
Undertaking an impairment review
IAS 36
When is a detailed impairment test, as set out in IAS 36, required?
Read moreSeptember 2021
Identifying cash-generating units
IAS36
In this article we discuss how to identify cash-generating units (CGUs).
Read moreSeptember 2021
Allocating assets to cash-generating units
IAS 36
Identifying CGUs is a critical step in the impairment review and can have a significant impact on its results.
Read moreSeptember 2021
Allocating goodwill to cash-generating units
IAS 36
After the entity identifies its CGUs, it must determine which assets belong to which CGUs, or groups of CGUs.
Read moreDecember 2021
Estimating recoverable amount
IAS 36
This article covers the definitions of recoverable amount and fair value less costs of disposal (FVLCOD) and provides an overview of value in use (VIU).
Read moreDecember 2021
Value in use – estimating future cash inflows
IAS 36
This article discusses estimating future cash inflows and outflows in value in use (VIU) calculations.
Read moreDecember 2021
Value in use applying the appropriate discount rate
IAS 36
This article discusses how to estimate an appropriate discount rate in value in use (VIU) calculations.
Read more
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