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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.
The ISSB announced after its October meeting that it would require company disclosures on Scope 1, Scope 2 and Scope 3 greenhouse gas emissions. Grant Thornton’s International Business Report asked around 5,000 mid-market businesses in 28 countries what they were reporting in relation to their emissions. While over a third (35.2%) were reporting on Scope 1 and 2 emissions as mandatory requirements and just under a third (31.5%) were reporting Scope 1 and 2 emissions voluntarily, only 14.3% were disclosing their Scope 3 emissions.
Scope 1 covers direct emissions from a company; scope 2 covers indirect emissions from electricity purchased and used; and scope 3 covers all other indirect emissions from the value chain.
While the ISSB has confirmed what types of emissions are now in scope, it won’t publish any standards, detailing what data companies will need to track and report, until early 2023. However, it has confirmed the use of the Task Force on Climate-related Financial Disclosures (TCFD) architecture as the basis for its standards.
“Everyone knows that addressing climate change and building a more sustainable future for all is the most serious challenge for a generation,” says Peter Bodin, CEO of Grant Thornton International Ltd. “Unless we take emissions reporting as seriously as the damage emissions are causing, we will not make meaningful progress in tackling climate change. That is why we are calling for governments and regulators to accelerate the publication and adoption of consistent sustainability reporting standards.”
Despite the clear benefits, the adoption of ESG reporting is being hampered by the lack of a clear pathway, with the existence of multiple standards, both mandatory and voluntary, and little guidance on what data needs to be gathered and how it should be reported. “It’s a question of knowing which information to acquire, and what to do with that data. The scenario analysis is challenging, and many businesses don’t know where to start,” says Sarah Carroll, director – sustainability reporting at Grant Thornton International. This can be especially hard for mid-market companies, which may lack the resource to fulfil reporting intentions.
Preparing for ESG reporting requirements requires immediate action, and significant investment. “Businesses need to invest in resources, invest in training, invest in their people, maybe in a third-party expert,” says Sarah. “They must understand the requirements, understand what Scope 1, 2 and 3 emissions are; and start trying to gather this information. To report in 2023, they need to understand what happened in 2022, even if, in the final standard, the ISSB does not require them to report comparatives,” says Sarah.
The COP27 UN Climate Change Conference in Egypt this November will underline the actions required to meet environmental targets – including reporting – with a focus on implementing the Paris Climate Accords. “The global community needs to work together to achieve the Paris goals. The mid-market is an important stakeholder in that community,” says Esther Wolfs, partner in the Sustainable Impact Services Unit at Grant Thornton Netherlands. “To achieve a net-zero future, they need to look at reducing their emissions, how they’re going to drive the green technology revolution, and how to access climate finance to scale up adaptation.”
As part of its new requirements, the ISSB will develop relief provisions to help companies apply the Scope 3 requirements, which could include giving companies more time to provide Scope 3 disclosures and working with jurisdictions on so-called ‘safe harbour’ provisions.