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Aviation Advisory
Our dedicated Aviation Advisory team bring best-in-class expertise across modelling, lease management, financial accounting and transaction execution as well as technical services completed by certified engineers.
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Consulting
Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
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Business Risk Services
Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
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Deal Advisory
Our experienced Deal Advisory team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
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Forensic Accounting
Our Forensic and Investigation Services team have targeted solutions to solve difficult challenges - making the difference between finding the truth or being left in the dark.
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Financial Accounting and Advisory
Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
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Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
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Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
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Sustainability Advisory
Our Sustainability Advisory team works with clients to accelerate their sustainability journey through innovative and pragmatic solutions.
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Asset management Asset management of the futureIn today’s global asset management landscape, there is an almost constant onslaught of change and complexity. To combat such complex change, asset managers need a consolidated approach. Read our publication and find out more about what you can achieve by choosing to work with us.
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Internal Audit Maintaining Compliance with New EU Pension Directive IORP IIOn 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
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Risk, Compliance and Professional Standards FRED 82 – Periodic Updates to FRS 100 – 105The concept of a new suite of standards for the UK and Ireland, aligning with international financial reporting standards, was first conceived in 2002
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Audit and Assurance Auditor transition: how to achieve a smooth changeoverAppointing new auditors may seem like a daunting task that will be disruptive to your business and a drain on the finance function. Nevertheless, there are a multitude of reasons to consider a change, including simply seeking a ‘fresh look’ at the business.
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Corporate Tax
Our Corporate Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic and international clients; covering Corporation Tax, Company Secretarial, Employer Solutions, Global Mobility and Tax Incentives.
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Financial Services Tax
The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
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Indirect Tax Advisory & Compliance
Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
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International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
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Private Client
Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand that each individual’s circumstances are different to the next and we tailor our services to suit your specific needs.
In December 2017, the Financial Reporting Council (FRC) published their first Triennial Review of Financial Reporting Standard 102 (FRS102), being a series of incremental improvements and clarifications developed in response to stakeholder feedback received on the original standard. The updated standard was published in March 2018 and is mandatory for financial periods beginning on or after 1 January 2019, with early adoption permitted.
In response to the changes to FRS102, Charities SORP Update Bulletin 2 was published in late 2018, to bring the existing SORP into line with the revisions to FRS102.
The Update contains three sections: Clarifying Amendments, Significant Amendments and Other Amendments. Early adoption of one or all of these sections is permitted; otherwise they come into effect for periods beginning on or after 1 January 2019. The changes outlined in Significant Amendments section can only be early adopted provided the changes in Other Amendments are also adopted at the same date.
The Clarifying Amendments section sets out the changes made to ensure that the SORP remains consistent with the existing requirements of FRS102. It inserts one additional paragraph regarding comparative information and makes small amendments to other pre-existing sections. There are no new requirements in this section, but rather the purpose is to clarify existing requirements.
The Significant Amendments are those changes brought in by the Triennial Review to FRS102 which are likely to have an impact on the accounts of charities. The section introduces an accounting policy choice which allows charities that rent investment properties to other group entities to measure those investment properties either at cost (less deprecation and impairment) or at fair value. It is also amended to remove the undue cost or effort exemption for measuring the investment property component of a mixed use property at fair value, and include additional guidance on when the different components of the property should be separated. It also removes the requirement to disclose the amount of stock recognised as an expense in the notes to the accounts. Finally, a reconciliation of net debt is now required to be presented as a note to the statement of cash flows, although a comparative period analysis is not required.
The Other Amendments section contains updates that are either editorial in nature, or are considered to be less significant, and likely to only impact a small number of charities.