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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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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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Global Mobility Services
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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.
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Valuation
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Forensic Services & Cyber Security
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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Merger & Acquisition
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Restructuring & Going Concern Forecast
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Internal Audit
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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
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Corporate & Brand Strategy
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International Engagement Management
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Turkish Desk
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French Desk
An Austrian-French team accompanies you in development projects and transactions. We bundle comprehensive expertise for French companies that want to venture into the Austrian market as well as for Austrian companies that want to position themselves in France.
Ed Nusbaum discusses the GDI 2013 results
Last week, we released the results of the Grant Thornton Global Dynamism Index (GDI) 2013. This is the second year we have released these results. We are seeing the beginning of trends in the data but there was also some interesting movement up and down the rankings.
The GDI is an annual research project, developed for us by the Economist Intelligence Unit. The model looks at 22 indicators to rank the dynamism of 60 of the world’s largest economies, revealing which offer the best environments for growing businesses. It differs from the World Economic Forum Global Competitiveness Report in that it measures the changes in an economy which are likely to lead to a faster future rate of growth.
In other words, it is a relative rather than an absolute measure. For example, tops the GDI 2013, but the index is not saying that it offers the best environment for growing businesses. Rather that over the past 12 months, Australia’s business growth environment improved more than any other economy analysed. It is an important distinction which helps explain why Venezuela, fuelled by the pre-election spending of Hugo Chavez, ranks above Brazil this year.
Australia is followed by Chile in this year’s rankings. This speaks to the rapid development of its economy in terms of rules and regulations, political and institutional stability, the ease of doing business and access to finance. That Chile became the first South American country to join the OECD in 2010 is another indication of the progress the economy has made over the past couple of decades.
But the result which really caught my eye was that of China. It moved up 17 places this year to rank third. By contrast, its BRIC counterparts all fell back to rank between 42 and 48. In the first half of the year, the slowdown in China and the rise of so-called ‘shadow banking’ practices, led some commentators to predict a ‘hard landing’ for the economy. But recent data look more positive and the new leadership’s commitment to financial reform should help as the economy rebalances. China’s GDI result was driven by investment in R&D and IT – further evidence of the measures China is putting in place to increase its attractiveness to growing businesses.
Elsewhere, many European economies fell back due largely to poor economic performance and declining access to finance. The problems in the eurozone are far from over but the region returned to growth in Q2 and the sound economic fundamentals highlighted by the GDI – especially in the Nordic region – suggest long-term business growth prospects remain robust.
The US slipped out of the top ten due to an increase in consumer indebtedness but remains well-placed in eleventh. Canada jumped to fifth on the back of an improvement in the overall financing environment. Middle East and African economies all rank in the bottom half of the index with the UAE best-placed in 35th.
The results are truly fascinating and indicate that the development of a dynamic business growth environment is varied and complex.
I would encourage you to explore the GDI further using our data visualisation tool or to contact our global research team with any questions.
Ed Nusbaum is global CEO at Grant Thornton.