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Audit of annual and consolidated financial statements
We place particular emphasis on customized solutions and international service and adapt our services to your needs.
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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 known as the Voyager suite.
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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.
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Corporate Tax
We are your problem solvers for corporate tax issues
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Restructuring, Mergers & Acquisition
Expertise and creativity for the perfect structure
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International Tax
We are here, whenever our clients require our assistance
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Transfer pricing
We are your experts for an optimal transfer pricing structure
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Indirect Tax & Customs
We take care of your indirect taxes so you can take care of your business
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Private Wealth
We are your competent partner in the field of Private Wealth Tax Services
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Real Estate Tax
We are a valuable partner at every stage of your property's life
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Global Mobility Services
Local roots and global networking as a secret for successful assignment management
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Advisor for Advisor
As advisors for advisors, we support in complex situations
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Valuation
Valuations are a core competence of Grant Thornton Austria. As auditors and tax advisors we combine profound know-how with our practical experience to offer you customized solutions for your valuation assignment. Our industry expertise is based on years of services to our clients, including listed companies as well as owner-managed companies with an international focus. We advise on valuation matters related to arbitration and provide expert opinions.
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Forensic Services
When it comes to risks in business, our experts are on hand. We support you not only in suspicious cases or in disputes, but also develop suitable strategies in the area of prevention to avoid serious cases as far as possible. Our Cyber Security team helps you to keep your networks and applications secure and is quickly on hand in the event of a security leak.
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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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Sustainability Services
Sustainability is no longer a trend, but the only way to create a future worth living. Our experts will support you in successfully developing your sustainability strategy and preparing your sustainability reporting in compliance with regulations.
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Merger & Acquisition
Companies start new activities and separate from old ones, cooperate and merge. Markets and competitive conditions are subject to constant and increasingly rapid change. As a result, existing business models are changing. Some companies have to restructure and reorganize. But new business opportunities also open up.
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Restructuring & Going Concern Forecast
Restructuring & Going Concern Forecast: Bundled services for your strategic, operational and financial decisions offer the right answers for companies, banks, shareholders and investors.
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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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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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Blockchain and Crypto-Asset
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 support you in developing growth strategies for a sustainably successful future and in maximizing the potential of your brand.
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Cyber Security
Cyber incidents, IT system failures, the resulting business interruptions and the loss of critical data are one of the greatest business risks for companies. Recent cases underline the need for strategic protection and awareness of the issue and require a holistic approach and technical expertise that takes into account all legislative, regulatory and technical aspects of cyber security to protect companies against the daily increase in cybercrime incidents.
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International Project Coordination
Our International Engagement Management team is your central point of contact for international projects in all our service lines. We take care of operational project management for you and act as a central point of contact and coordination for your projects. We support companies that start international projects from Austria as well as companies from abroad that want to gain a foothold in Austria or use Austria as a hub for their international projects, especially in the DACH (Germany, Austria and Switzerland) and CEE region.
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International Desks
As a member of the Grant Thornton network, we guarantee direct access to resources from our worldwide circle of partners. This global connection enables us to seamlessly integrate highly qualified specialists and industry experts from different countries around the world into our teams. Through our broad perspective and diverse expertise, we ensure that we can optimally meet the individual requirements of our clients in an increasingly globalised economy.
An interview with Tomasz Wroblewski
How do you assess the outlook for your economy?
There are some crucial issues which will shape the condition of our economy in the coming year. Firstly, the outlook for Europe over the next 12 months is fairly bleak. Given that Poland is so closely linked to the EU, it is likely this will impact our economy. Secondly, EU funds for 2007-2012 are running low.
Growth slid to just 2.2% in 2012, half the rate recorded in the previous 12 month period, due to slow domestic demand and the ongoing eurozone crisis. Growth is expected to drop to 1.4% this year before picking up again in 2014. The government deficit dropped from 5.0% in 2011 to 3.9% in 2012, still above the limit set by the Maastricht treaty but at a similar level to France and lower than Spain.
Your economy is currently ranked #8 in the Grant Thornton Emerging Markets index. Does this surprise you?
Poland is ranked as a top potential investment destination for FDI projects in Europe in most ratings. Its 38 million strong consumer market is one of the largest in Europe and its favourable location in the centre of Europe makes it easy to export goods across the continent to over 500 million consumers. If you add our healthy financial system, stable political situation and strong resistance to the global economic crisis then our position in the index seems realistic.
What are the top three strengths of your economy as a potential target for investors?
Our consumer market is very large and consists of a good proportion of highly educated workers. There is a clear institutional framework for private investment and, most importantly, Poland is also politically and economically stable.
What should business leaders be aware of when investing in your economy?
There are three main things that must be kept in mind while doing business in Poland: an ineffective commercial court system; inflexible labour code and red tape; as well as an inconvenient tax system. However, these risks can be successfully mitigated with the help of professionals and the benefits of operating and investing in Poland far outweigh the drawbacks.
What are your major plans for your firm over the next 12 months?
Our plan is always to improve and increase our capabilities year on year. In 2013/14 we aim to improve our business development capabilities, strengthen our digital position and develop industry specialisation. Also on the agenda is the identification of potential successful merger targets and post-merger integration to facilitate sustainable growth.
Any final thoughts?
If you are looking for a country which provides a framework of doing business similar to a developed economy, but with the characteristics and growth of an emerging one, choose Poland.
Tomasz Wroblewski is managing partner of Grant Thornton Frackowiak.
Read more in Poland: dynamism at the heart of Europe