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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.
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has completed an assessment of the quality of audit work performed by certified public accountants with respect to financial statements audits of employee benefits plans covered under the Employee Retirement Income Security Act of 1974 (ERISA).
Among the most significant findings resulting from this assessment are:
- Principal audit deficiencies were found in areas such as contributions, benefit payments, participant data and party-in-interest/prohibited transactions, which are unique to the employee benefits plan industry.
- Firms that performed the fewest benefit plan audits had a 76% deficiency rate in complying with generally accepted auditing standards (GAAS).
- Peer reviews and practice monitoring efforts have had limited success in identifying substandard benefit plan audit work.
If an employee benefit plan audit was selected by the Department of Labor (DOL) for examination and concludes that it was a substandard work or that there were licensing violations, this may result in the referral of an audit firm to disciplinary bodies such as the AICPA’s Professional Ethics Division or the corresponding state board of public accounting. Additionally, their clients could be subject to civil penalties for filing deficient Forms 5500 and resulting rejected by the DOL.
At Kevane Grant Thornton we pride ourselves of having a dedicated team dealing with employee benefit plans audits with significant experience helping plan administrators mitigate risks and adhere to regulatory requirements.
We are currently a member of the AICPA Employee Benefit Audit Quality Center and as part of their Peer Review program we have received nine clean/no comments opinions.
We have served as instructors for the Puerto Rico State Society of CPAs and dictated employee benefit audit trainings in several occasions.
With vast experience in this sector, our professionals will work with you to address your concerns head-on and actively keep you abreast of the issues that may affect your plan.