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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.
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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.
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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
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.
Services
The main task of the internal audit department remains to protect and increase the value of the company by providing risk-based and objective advice. Nevertheless, the audit teams must remain flexible and adapt their working methods to constantly changing conditions and models.
Technology and globalization dictate how and where companies operate and require new risk management and control approaches. Internal Audit should be involved in strategic corporate planning from the outset, as it is able to anticipate upcoming challenges and dynamically adapt processes.
Internal Audit can act as a catalyst for positive change through innovation, productivity and sustainability - with a tailored focus on your corporate strategy.
For Internal Audit to be effective, it must have access to qualified and scalable resources. A comprehensive analysis can identify a broad spectrum of risks to which companies are exposed today.
Companies must:
- Determine whether their current internal capacity is sufficient to change their corporate risk profile and future audit plan.
- Leverage best practices and insights from all markets and industries.
- Review the audit plan and the organization's overall risk framework.
IT audit as part of Internal Audit Services
Since nowadays practically all business processes are IT-supported, data is one of the most valuable and important resources of a company. Information security affects practically all areas of the company and can have a direct impact on the success of the company. We therefore see IT auditing as an important focus of internal auditing.
Our IT auditors themselves have been working in IT operations for many years, so they have a wealth of experience and can give you practical recommendations for targeted and effective improvement measures that are suitable for your company. In addition, we can also draw on qualified and competent colleagues in the Grant Thornton network for internal auditing.
An IT audit examines the general IT controls (ITGC - IT General Controls) and covers the following areas:
- IT organization and IT environment
- IT operations
- Access rights
- Change Management (program change, test and release procedures)
For subject areas where there is a need for a deeper and more detailed audit, we carry out more extensive IT audit procedures. The scope and focus of the audit will be agreed with you individually and defined in the Internal Audit Charter. In practice, this can include the following areas:
- Audit of governance processes and governance structures
- Testing of application controls
- Audit of authorizations in IT systems
- Testing of data interfaces between IT systems
- Examination of data migrations during the conversion of ERP systems
- Audit of IT projects
- Audit of IT outsourcing
- Review of cyber security measures
Methodology and reporting
We conduct our IT audits in accordance with nationally and internationally recognized guidelines and standards, such as COBIT.
In the "IT Audit Report", the audit areas, audit procedures, assessment and evaluation methods, security criteria and the findings are presented in a clear, transparent and comprehensible manner. This report is also a component of the internal audit report within the scope of the defined reporting lines.
Based on the findings in the audit report, a follow-up plan is drawn up in consultation with the client and the process and system managers, in which the measures to reduce risks are defined and prioritised. The implementation of the agreed measures is recorded systematically and in a structured manner ("issue tracking").
How can Grant Thornton support your company?
Setting up a specialised internal audit team is not feasible or cost-effective for every company. We offer you individual co-source or complete outsourcing solutions tailored to your company. Our international team, led by Certified Internal Auditors (C.I.A.). supports you in major transformations and develops efficient protection against the most important risks that may affect your company. Our experienced internal auditors cover the following areas:
- Outsourcing Internal Audit: outsource the internal audit function to our experts!
- Co-Sourcing Internal Audit services: Outsource a part of the internal audit services to our experts!
- Quality assurance measures for internal auditing: Our experts support you in maintaining the quality standards in your company.
- Review and evaluation of internal controls: We support you in further improving existing internal controls and establishing effective internal controls.
- Review of internal control systems according to recognized international standards: As part of Internal Audit, we examine your company's internal control system - depending on your requirements - according to recognized international standards such as SOX.
Do you still have questions about Internal Audit? Our experts Michael Dietrich and Andrew Dickson will be happy to assist you.