-
Statutory Audit
We conduct an integrated audit, which combines the financial statement audit,independent and objective assurance on financial information, transactionsand processes.
-
Limited Review
We offer services relating to reviews of historical financial informationby expressing negative assurance on such historical financial information.
-
Agreed Upon Procedures
We engage with organisationsto perform specific procedures and report findings to conform to their needs.
-
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.
-
Business Consulting
Grant Thornton UAE provides organisations with implementable plans that drive sustainable growth strategies to grow and optimise their business performance.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Excise Tax
We provide Excise Tax related advisory and compliance services to the producer, importer, and the storekeeper of excisable goods
“Innovation is change that unlocks new value.” (Jamie Notter)
Innovation – how is it described? Many have defined innovation as - change, alteration, revolution, upheaval, transformation, metamorphosis, unconventionality, modernization; a break from tradition and a change of direction.1
The term has been referenced and used more so than ever before, with many seeing innovation as the only solution to promote long term growth and development. The world is changing at an astonishing rate and in order to ensure businesses remain relevant, innovation can no longer be ignored. With the emergence of new technology, the ways in which we interact with each other, the world and organizations continues to change – thus we must too.
We haven’t just seen innovation being introduced into product led organizations but in other sectors too. Let’s take the UAE as an example, where the government has introduced various measures to innovate the public sector and thus promoting a shift to ‘doing things differently’. This has seen the introduction of a ‘smart government’ and the innovation strategy being launched to further promote entrepreneurial spirit and development within the Emirate.
Innovation is much more than developing new ways of working and new products. It has a much wider impact, resulting in enhanced employee engagement as a result of the challenge, improved process measures promoting efficiency and if you get it right, it goes some way to impacting the bottom line significantly. Companies who are highly effective in the early stages of innovation reported that they outperformed on revenue growth, market cap growth and earnings as a percentage of revenue.
The innovation value chain allows organizations to spot the strengths and weaknesses and introduce an integrated flow when embarking on innovation as introduced in the Harvard Business Review2. Hansen states “to improve innovation, executives need to view the process of transforming ideas into commercial outputs as an integrated flow—rather like Michael Porter’s value chain for transforming raw materials into finished goods2.”
As a result of such development, the role of innovation is changing. It is rapidly changing from ‘nice to have’ to ‘must have’. Innovation needs to be effectively managed both internally and externally, to meritoriously take place organizations should promote knowledge management as a key focus – as without this innovation becomes difficult, if not impossible to achieve. Boards should embrace and encourage the notion of innovative thinking within corporations to ensure that products/services aren’t just developed but done so with excellence to promote long term growth.
“We are living in times where the rapid turnover of ideas and products in the marketplace has reached a stage where it is no longer enough to be just the best. Instead, the pursuit of excellence and the search for excellence are the hallmarks of a truly successful and world class organization and hence all companies must undertake efforts to drive innovation and change3.”
“Innovate or stagnate.” (HH Mohammed bin Rashid Al Maktoum)
- Innovation definition, accessed on 27 August via http://www.oxforddictionaries.com/definition/english/innovation
- The Innovation Value Chain, Harvard Business Review, access on 27 August via https://hbr.org/2007/06/the-innovation-value-chain
- Management guide, Role of innovation in change management, accessed on 27 August via http://www.managementstudyguide.com/role-of-innovation-in-change-management.htm
