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Statutory Audit
We conduct an integrated audit, which combines the financial statement audit,independent and objective assurance on financial information, transactionsand processes.
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Limited Review
We offer services relating to reviews of historical financial informationby expressing negative assurance on such historical financial information.
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Agreed Upon Procedures
We engage with organisationsto perform specific procedures and report findings to conform to their needs.
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Financial Reporting Advisory Services (FRAS)
Our team provides timely advice on the impact of accounting changes to assist businesses in the development of an appropriate implementation roadmap.
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Business Consulting
Grant Thornton UAE provides organisations with implementable plans that drive sustainable growth strategies to grow and optimise their business performance.
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Business Risk Services
Organisations need to understand risks thoroughly to be able to manage them better. Grant Thornton UAE helps businesses achieve the best balance between minimising risk exposure, optimising profitability and developing compliance review checklists.
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Regulatory Advisory Services
Grant Thornton UAE's extensive understanding of the overarching supervisory framework within the region equips our professionals to support financial institutions comply and abide by the set of regulatory mandates throughout the rapidly evolving ecosystem.
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Financial Advisory
Grant Thornton UAE works with organisations on transactions from start to finish, assisting with strategy, identifying risks, executing deals, and helping to unlock their potential for growth and value creation.
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Restructuring Advisory
Grant Thornton UAE is committed to realising value for shareholders, in a way that recognises and supports the interests of all stakeholders. Our solutions maximise value, provide clarity and direction, and accelerate recovery and transformation for businesses.
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Technology Advisory & Cybersecurity
IT and technology are fundamental to drive the performance of businesses. Through leveraging the power of technology, Grant Thornton UAE helps organisations define and identify growth opportunities to achieve value-driven transformation and innovation.
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Forensics
Fraud and corruption pose a growing challenge worldwide. As the commercial landscape changes, an increasingly regulated environment requires stringent governance and compliance processes. Grant Thornton UAE helps organisations navigate challenges and crisis with a hands-on approach coupled with the use of technology.
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ESG Services
The Environment, Social and Governance (ESG) agenda has gained significant traction over the years, to become one of the key strategic aspects of any business. It is imperative that all organisations, irrespective of industry sector, engage with their stakeholders and prioritise ESG practices to unlock sustainable growth opportunities.
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Business Process Solutions
Our team at Grant Thornton offers comprehensive and cost effective outsourced solutions, enabling stakeholders and business owners to focus on their core business goals.
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Corporate Tax
Our diversified team of corporate tax subject matter experts combines a perfect blend of international experience across several industry sectors, technical expertise, and commercial nuances with a commitment to deliver exceptional value to your business.
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VAT
The VAT team at Grant Thornton is well versed with the VAT Laws applicable across the region and holds valuable experience and professional accreditation in assisting clients across diverse industries to comply with the VAT obligations.
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Transfer Pricing
Grant Thornton UAE assists its clients in providing transfer pricing solutions that are implementable and operational, considering the facts and concerns of its clients.
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International Tax and Tax Due Diligence
Grant Thornton UAE supports multinational groups to optimise their tax structures. We can also assist businesses in analysing existing group transactions and inter-group supplies, as well as advising on potential implications of various taxes to facilitate an efficient Group tax structure.
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Economic Substance Requirements
Economic Substance rules were introduced in the UAE in 2019, requiring UAE businesses that undertake certain ‘Relevant Activities’ to maintain and demonstrate adequate substance.
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Customs and International Trade
The team at Grant Thornton is positioned centrally to assist the businesses with global cross-border tax structuring, planning and compliance needs.
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Excise Tax
We provide Excise Tax related advisory and compliance services to the producer, importer, and the storekeeper of excisable goods
Grant Thornton grows global revenues to a record USD7.5 billion
Grant Thornton International Ltd today announced its global revenues grew to a record USD7.5 billion for the financial year ended 30 September 2023. This represents sustained growth of 10.9%* in adjusted constant currency terms**, building on the excellent 13.7% growth achieved in 2022.
The network reported double-digit growth across all major service lines (assurance, tax and advisory), led by assurance services up 14.5%, reinforcing the network’s strong commitment to the multidisciplinary model. Regional performance was also strong, led by EMEA up 12.8%.
Global headcount grew from 68,517 to 72,858 reflecting the network’s ongoing investment in its people and its commitment to building a diverse and inclusive global culture.
Key highlights include:
- Among the network’s larger firms, particularly strong growth was reported in constant currency by India (+29.4%), Ireland (+24.5%), Australia (+17.0%), Japan (+15.6%), Canada LLP (+15.3%), Canada RCGT (+14.3%), Germany (+14.3%) and France (+11.1%)
- Key strategic growth market firms saw growth of 11.4%. Strong performance in these key markets was led by Nigeria (+78.0%), followed by India (+29.4%), Thailand (+23.1%), Japan (+15.6%), Germany (+14.3%), Vietnam (+12.6%), Brazil (+12.4%) and Indonesia (+10.9%).
- Substantial growth was also achieved in many other firms, including UAE (+47.8%), Poland (+23.9%), Greece (+21.9%), Luxembourg (+20.4%), and Spain (+16.0%).
- Regionally, strong growth was led by EMEA (up 12.8% to USD2.8bn), followed by Asia Pacific (up 11.2% to USD1.3bn), and the Americas (up 9.3%* to USD3.3bn).
- Double-digit growth across all major service lines was led by assurance (up 14.5% to USD3.2bn), followed by advisory (up 11.8%* to USD2.7bn), and tax (up 10.8% to USD1.6bn), reinforcing the value of the network’s multidisciplinary model.
- Overall, 106 member firms reported growth in revenues this year, with almost 60% reporting double digit growth.
Peter Bodin, CEO Grant Thornton International Ltd commented: “These results underscore the network's exceptional ability to achieve sustainable growth despite ongoing challenges across the diverse markets in which our member firms operate. Grant Thornton member firms have proved their resilience over recent years in the face of geo-political, economic and regulatory disruption and these results show how successfully our member firms are helping clients navigate this volatility.
“At the heart of our strategic response to the external factors impacting our member firms and their clients is our continued focus on building a brand and culture that encourages diversity, equity and inclusion across the network – as part of our ongoing network strategy. It is this ability to embrace different thinking and the care we show for our people and clients that continues to deliver sustainable growth.
“More than anything, these results reflect our well-balanced multidisciplinary model. This is what makes the network so resilient. We will undoubtedly face further challenges in the year ahead. I have every confidence that our member firms will continue to deliver exceptional value for their clients, their people, and their communities."
-ENDS-
For any enquiries, please contact:
Campbell McIlroy
Director Global Communications at Grant Thornton International
* GTIL reports global results in US dollars (USD). However, most member firms do not use USD as their local reporting currency so current year results are calculated using the prior year USD rate to remove the impact of currency fluctuations of the current year. This is referenced as 'constant currency'. Growth in constant currency are also reported on a pro rata basis adjusted for practice disposals by member firms in the network. This enables for a like-for-like comparison between reporting periods.
** Unadjusted network growth in USD terms was 4.1%