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Business valuations
We offer expert valuation advice in transactions, regulatory and administrative matters, and matters subject to dispute – valuing businesses, shares and intangible assets in a wide range of industries.
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Capital markets
You need corporate finance specialists experienced in international capital markets on your side if you’re buying or selling financial securities.
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Complex and international services
Our experience of multi-jurisdictional insolvencies coupled with our international reputation allows us to deliver the best possible outcome for all stakeholders.
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Corporate insolvency
Our corporate investigation and recovery teams can help you manage insolvency situations and facilitate the best outcome.
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Debt advisory
An optimal funding structure for your organisation presents unprecedented opportunities, but achieving this can be difficult without a trusted advisor.
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Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
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Financial models
A sound financial model will help you understand the impact of your decisions before you make them. Talk to us about our user-friendly models.
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Forensic and investigation services
We provide investigative accounting and litigation support services for commercial, matrimonial, criminal, business valuation and insurance disputes.
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Independent business review
Is your business viable? Will it remain viable in the future? A thorough independent business review can help your organisation answer these fundamental questions.
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IT forensics
Effective ESI analysis is integral to the success of your business. Our IT forensics experts have the technical expertise to identify, preserve and interrogate electronic data.
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Mergers and acquisitions
Grant Thornton provides strategic and execution support for mergers, acquisitions, sales and fundraising.
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Raising finance
Raising finance - funders value partners who can deliver a robust financial model, a sound business strategy and rigorous planning. We can guide you through the challenges that these transactions can pose and help you build a foundation for long term success once the deal is done.
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Relationship property services
Grant Thornton offers high quality independent advice on the many financial issues associated with relationship property from considering an individual financial issue to all aspects of a complex settlement.
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Restructuring and turnaround
Grant Thornton’s restructuring and turnaround service capabilities include cash flow, liquidity management and forecasting; crisis and interim management; financial advisory services to companies and parties in transition and distress
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Transaction advisory
Our depth of market knowledge will steer you through the transaction process. Grant Thornton’s dynamic teams offer range of financial, commercial and operational expertise.
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Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
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Corporate tax
Grant Thornton can identify tax issues, risks and opportunities in your organisation and implement strategies to improve your bottom line.
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Employment tax
Grant Thornton’s advisers can help you with PAYE (payroll tax), Kiwisaver, fringe benefits tax (FBT), student loans, global mobility services, international tax
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Global mobility services
Our team can help expatriates and their employers deal with tax and employment matters both in New Zealand and overseas. With the correct planning advice, employee allowances and benefits may be structured to avoid double taxation and achieve tax savings.
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GST
GST has the potential to become a minefield and can be expensive when it goes wrong. Our technical knowledge can help you minimise the negative impact of GST
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International tax
International tax rules are undergoing their biggest change in a generation. Tax authorities around the world are increasingly vigilant, especially when it comes to global operations.
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Research and Development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Tax compliance
Our advisers help clients manage the critical issue of compliance across accountancy regulations, corporation law and tax. We also offer business and wealth advisory services, which means we can provide a seamless and tax-effective offering to our clients.
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Tax governance
Mitigate tax risks and implement best practice governance that will stand up to IRD scrutiny and audits.
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Transfer pricing
Tax authorities are demanding transparency in international arrangements. We businesses comply with regulations and use transfer pricing as a strategic planning tool.
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Audit methodology
Our five step audit methodology offers a high quality service wherever you are in the world and includes planning, risk assessment, testing internal controls, substantive testing, and concluding and reporting
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Audit technology
We apply our audit methodology with an integrated set of software tools known as the Voyager suite. Our technology has been developed to produce quality audits that are effective and efficient.
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Financial reporting advisory
Our financial reporting advisers have the expertise to help you deal with the constantly evolving regulatory environment.
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Business architecture
Our business architects help businesses with disruptive conditions, business expansion and competitive challenges; the deployment of your strategy is critical to success.
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Cloud services
Leverage the cloud to keep your data safe, operate more efficiently, reduce costs and create a better experience for your employees and clients.
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Internal audit
Our internal audits deliver independent assurance over key controls within your riskiest processes, proving what works and what doesn’t and recommending improvements.
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IT advisory
Our hands on product experience, extensive functional knowledge and industry insights help clients solve complex IT and technology issues
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IT privacy and security
IT privacy and security should support your business strategy. Our pragmatic approach focuses on reducing cyber security risks specific to your organisation
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Payroll assurance
Our specialist payroll assurance team can conduct a review of your payroll system configuration and processes, and then help you and your team to implement any necessary recalculations.
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PCI DSS
Our information security specialists are approved Qualified Security Assessors (QSAs) that have been qualified by the PCI Security Standards Council to independently assess merchants and service providers.
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Process improvement
As your organisation grows in size and complexity, processes that were once enabling often become cumbersome and inefficient. To maintain growth, your business must remain flexible, agile and profitable
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Procurement/supply chain
Procurement and supply chain inputs will often dominate your balance sheet and constantly evolve for organisations to remain competitive and meet changing customer requirements
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Project assurance
Major programmes and projects expose you to significant financial and reputational risk throughout their life cycle. Don’t let these risks become a reality.
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Risk management
We understand that growing companies need to establish robust internal controls, and use information technology to effectively mitigate risk.
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Robotic process automation (RPA)
RPA is emerging as the most sophisticated form of automation used to help businesses become more agile and remain competitive in the face of today’s ongoing digital disruption.
Integrated reporting, the way of the future
NZ businesses - well on the way to implementing integrated reporting
New Zealand businesses are well on the way to implementing integrated reporting and the Government should be looking to introduce this in New Zealand’s SOEs, says visiting Chairman of the International Integrated Reporting Council (IIRC), Professor Mervyn King QC.
Professor King recently spoke to business leaders around New Zealand about a draft global framework for integrated reporting, which he says will improve investor relationships by changing the information businesses report.
After meeting with directors and financial controllers around New Zealand, it seems a lot of businesses are already taking steps towards preparing integrated reports. They may not even know it but many of them are about 60% of the way there – the individual silos are in place and these just need to be combined into a framework. If the financial statements of listed companies were more understandable, they would be more attractive to potential investors. Capital investment is attracted to good governance and reporting,” says Professor King.
“There is a huge opportunity for SOEs in New Zealand, like Mighty River Power, Meridian and Genesis Energy, to do the same. It would make their reporting more relevant to the people of New Zealand.
“It’s become apparent that the traditional way of reporting no longer fits with stakeholder requirements. Knowledge is being lost amongst incomprehensible information. People don’t have time to read 450 page reports, let alone understand them.
“Integrated reporting ensures the most important information, including non-financial data, is included and presented in clear, understandable language. Instead of reporting on what’s gone on in the past, an integrated report looks at the present and into the future. It demonstrates how a business creates value and how it will continue to do so in the years ahead, so investors can make informed decisions in the changing world of the 21st Century.”
Peter Sherwin, Partner, Grant Thornton New Zealand, says the Government should take the lead on this as it did a decade ago when New Zealand became one of the first countries to produce a full set of financial statements under the International Financial Reporting Standards (IFRS).
“The Government should seriously consider improving SOE reporting, to potentially raise their value for partial sale,” says Sherwin.
“The benefits of integrated reporting are already being seen in the 97 pilot companies around the world that have implemented it, including, Microsoft, Coca Cola, and in this country, New Zealand Post.
“Companies that are preparing integrated reports are finding there are more opportunities to raise capital because there’s a higher level of transparency. It’s also resulting in savings on insurance premiums as when all the risks are identified, insurers don’t have to factor in any unknowns.
“It’s great to hear New Zealand businesses are heading in the right direction and hopefully the Government will take heed of Professor King’s advice and start leading our SOEs in this direction.”
The IIRC is confident that Integrated Reporting will become the international, mainstream reporting language of the future. It is supported by global standard setters including the International Accounting Standards Board (IASB) and a significant number of global investors.
The consultation draft on the global framework for integrated reporting is available on the IIRC website and submissions on the draft close on 15 July 2013.
Further enquiries, please contact:
Peter Sherwin
Partner, Grant Thornton New Zealand
T +64 4 495 3777
E Peter.Sherwin@nz.gt.com