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Financial statements audits
Financial statement audits
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Compliance audits
Compliance audits
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Compilations and reviews
Compilations and audit
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Agreed-upon procedures
Agreed-upon procedures
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Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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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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Tax compliance
Business Tax
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Individual taxes
Individual taxes
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Estate and succession planning
Estate and succession planning
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Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
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Sales and use tax and indirect taxes
SUT/ VAT & indirect taxes
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Tax incentives program
Tax incentives program
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Transfer Pricing Study
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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Business consulting
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
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Forensic and investigative services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
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Fraud and investigations
The commercial landscape is changing fast. An ever more regulated environment means organizations today must adopt stringent governance and compliance processes. As business has become global, organizations need to adapt to deal with multi-jurisdictional investigations, litigation, and dispute resolution, address the threat of cyber-attack and at the same time protect the organization’s value.
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Dispute resolutions
Our independent experts are experienced in advising on civil and criminal matters involving contract breaches, partnership disputes, auditor negligence, shareholder disputes and company valuations, disputes for corporates, the public sector and individuals. We act in all forms of dispute resolution, including litigation, arbitration, and mediation.
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Business risk services
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
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Internal audit
We work with our clients to assess their corporate level risk, identify areas of greatest risk and develop appropriate work plans and audit programs to mitigate these risks.
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Service organization reports
As a service organization, you know how important it is to produce a report for your customers and their auditors that instills confidence and enhances their trust in your services. Grant Thornton Advisory professionals can help you determine which report(s) will satisfy your customers’ needs and provide relevant information to your customers and customers’ auditors that will be a business benefit to you.
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Transactional advisory services
Transactions are significant events in the life of a business – a successful deal that can have a lasting impact on the future shape of the organizations involved. Because the stakes are high for both buyers and sellers, experience, determination and pragmatism are required to bring deals safely through to conclusion.
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Mergers and acquisitions
Globalization and company growth ambitions are driving an increase in M&A activity worldwide as businesses look to establish a footprint in countries beyond their own. Even within their own regions, many businesses feel the pressure to acquire in order to establish a strategic presence in new markets, such as those being created by rapid technological innovation.
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Valuations
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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Recovery and reorganization
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
CorpFin issues additional COVID-19 guidance
20 Jul 2020The SEC’s Division of Corporation Finance (CorpFin) issued CF Disclosure Guidance: Topic 9A, Coronavirus (COVID-19) – Disclosure Considerations Regarding Operations, Liquidity, and Capital Resources.
The guidance includes additional disclosure considerations related to business and market disruptions caused by COVID-19 and supplements CF Disclosure Guidance: Topic 9, Coronavirus (COVID-19).
The guidance also includes a non-exhaustive list of questions for companies to consider with respect to the present and estimated future impact of COVID-19 on operations and financial condition, including liquidity and capital resources.
Operations, liquidity, and capital resources In the guidance
CorpFin reminds companies of their disclosure obligations and provides examples of certain operational adjustments that could be material to investment or voting decisions and therefore may require disclosure. Example adjustments include (1) operational adjustments, such as a transition to telework, changes to supply chain and distribution, and suspending or modifying certain operations to comply with health and safety guidelines, and (2) financing activities, including obtaining and utilizing credit facilities, accessing public and private markets, implementing supplier finance programs, and negotiating new or modified customer payment terms. Companies are advised to provide robust and transparent disclosure regarding short- and long-term liquidity and funding risks and are encouraged to consider whether such disclosures should be included in Management’s Discussion and Analysis (MD&A) in addition to earnings releases.
Further, registrants that obtained financial assistance through the Coronavirus Aid, Relief, and Economic Security (CARES) Act need to consider the impact of such assistance on their financial condition, results of operations, liquidity, and capital resources, as well as on critical accounting estimates and assumptions.
Going concern assessment
The guidance reminds companies to assess whether conditions and events have occurred that may raise substantial doubt about the company’s ability to continue as going concern. Where such doubt exists or where management’s plans alleviate such doubt, companies should provide appropriate disclosures in the financial statements and consider whether disclosure is required in MD&A.
Source:
Grant Thornton, On the Horizon July 2, 2020
We are committed to keep you updated of all developments that may affect the way you do business in Puerto Rico. Please contact us for further assistance in relation to this or any other matter.
