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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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Corporate Accounting and Outsourcing
At Grant Thornton we have extensive knowledge and experience in providing tailored solutions to our clients, whether on a short-term or long-term basis.
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Financial Services Audit
Our Financial Services Audit team offers expertise and knowledge along with a horizontal approach to solving clients’ problems and queries.
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Global Statutory Audit
Our Global Statutory Audit team ensures your statutory audit process follows a well-defined project plan, with no surprises, to maintain compliance across multiple jurisdictions. We invest time to understand your finance function and develop bespoke solutions built on the premise of central effort to remove duplication.
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Pension Audit
The Grant Thornton Pension Audit team has vast experience in managing schemes and preparing annual reports on them for clients.
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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.
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The European Commission has now reviewed this package and proposed a number of modifications to the original EFRAG advice, or Set 1 ESRSs, including the following:
· Materiality: Proposed removal of mandatory requirements for all undertakings in scope on topical standards (E1: Climate and parts of S1: Own workforce) which will now like other topical areas be subject to a double materiality assessment by the undertaking. ESRS 2 “General Disclosures” will remain mandatory for all undertakings in scope for the Corporate Sustainability Reporting Directive. This measure is expected to lead to a significant burden reduction for undertakings and helps to ensure that the standards are proportionate.
· Phased In Requirements: Additional phased in requirements to what was initially proposed by EFRAG allowing undertakings more time to be ready for compliance. For example, undertakings with less than 750 employees may omit scope 3 GHG emissions data and the disclosure requirements specified in the standard on “own workforce” in the first year that they apply the standards.
· Voluntary Disclosures and Additional Flexibility: Proposal to make certain disclosures voluntary with conversion of additional data points from the ESRS to voluntary from mandatory, for example, biodiversity transition plans and certain indicators about “non-employees” in the undertaking’s own workforce. In addition, some added flexibilities in certain disclosures, for example in the disclosure requirements on the financial effects arising from sustainability risks, on engagement with stakeholders, and in the methodology to use for the materiality assessment process.
· Other Proposed Changes: Inclusion of technical modifications to ensure better alignment with other provisions in the Accounting Directive and with other relevant pieces of legislation and some editorial and presentational modifications, for example, the introduction of a drafting convention to clearly identify all terms for which ESRS has a precise definition.
The Commission anticipates that the proposed additional phase-in measures and removing certain mandatory reporting requirements will allow undertakings additional time and reduce the cost burden of application of ESRS (estimated cost reduction during the phase-in period of EUR 1.172 million).
On 9 June 2023, the European Commission issued its draft delegated act on Set 1 of European Financial Reporting Standards (ESRS) including the modifications set out above. This consultation on the draft delegated act is open to feedback until 7 July 2023.