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Audit
In our firm we respond to the demands of our customers. We have modern methodologies and audit techniques operating in the best interests of your organization.
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Statutory Audit
Audit services of the firm have been designed to support you to meet the challenges involved in managing risks, resources and information.
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External Audit
The external audit service aims to express an independent opinion regarding the fairness of the financia!statements of the companies or certain business areas in which we use previously agreed procedures.
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Managerial and Result External Audit
Our work consists of the execution of the defined procedures to review the accounting information and issue reports and documents.
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Taxes
We work with our clients during all their processes to achieve an excellent statutory clase year, in order to optimize the taxes payment and ease the tax burden.
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Transfer Pricing
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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Legal Services
Our legal advice involves professional lawyers, specialized in different fields.
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Diagnosis and implementation of Full and SME IFRS
Servicio de Diagnóstico e implementación de NIIF plenas y NIIF para las PYMES.
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Training and updating in IFRS
Services of Training and updating in IFRS
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Calculation of accounting estimates under IFRS
Services of Calculation of accounting estimates under IFRS
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Valuation of financial instruments
Services of Valuation of financial instruments
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Advice on specialized topics
Services of Advice on specialized topics
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IFRS advice for public sector entities
Services of IFRS advice for public sector entities
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Preparation of financial statements and disclosures
Services of Preparation of financial statements and disclosures
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Sarbanes-Oxley Service Audit (SOX)
Only those who have clearly structured numbers and a good view of their business, can identify weaknesses and opportunities early enough to react on time to events in their environment.
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Audit of Organization
In order to help the service organization and its users to establish a reliable and standard process for the service organization's reports, we offer the following services:
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IT Audit
IT Audit Services help the Organization manage risks and controls related to IT implementation and use to achieve business financial, operational, and regulatory objectives.
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Computer Security
Cybersecurity frames a set of tools, policies, security safeguards, guidelines, risk management methods, actions, training and in summary a series of practices that can be used to protect the organization's assets and users in cyber-environment.
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Performance Tests
Our service focuses on determining the speed at which a task is performed under particular working conditions on a specific information or application system.
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Audit Security Social
As part of Social Security policies and strategies in Colombia, pensions and health are fundamental workers' rights, for which specialized support is required to guarantee access to these rights, in a transparent, equitable and the law.
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BCP Services
We are certified by DRI International as Business Continuity Plans Consultant, CBCP and with training and certification as internal auditor in SGS, ISO 2005: 27001..
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SAP Auditing and Computer Security
We have certified experts in security and auditing SAP in R / 3, CRM, BW. Our approach allows us to perform in SAP
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Corporate Risk Management
This regulatory environment seeks to mitigate the risks and uncertainties of the banking industry, also responding to economic pressures and investor expectations.
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Operational Improvement
Process management, within which operational improvement is framed, can be defined as a way of focusing the work, where the continuous improvement of the activities of an organization is sought through the identification, selection, description, documentation and continuous improvement of the processes. Any activity or sequence of activities that are carried out in the different business units, constitutes a process and as such, must be managed.
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Change Management
Change management is the process, through tools and techniques, to manage the transition to a new reality, trying to make the people involved able and willing to work in the new defined context and achieve the expected results.
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Business Intelligence and Analysis
Business intelligence acts as a strategic factor for an organization, generating a potential competitive advantage, which is none other than providing privileged information to respond to business problems.
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Due diligence
Due Diligence is a term, usually used in the field of business acquisitions, to refer to the process of finding information about an organization.
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Valuations
The valuation of a company is not an exact science and can vary depending on the type of business and the reason.
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Financial accounting
Only those who have clearly structured numbers and a good view of their business, can identify weaknesses and opportunities early enough to react on time to events in their environment.
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Tax and legal compliance
The tax authorities constantly keep entrepreneurs and freelancers on alert, with tax issues taking part as a crucial role in almost all business decisions.
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Payroll
Payroll is one of the most challenging responsibilities that a company faces every year. Our service fulfill the client internal policies, understands the corporate strategic planning and focus on the record of the received newness.
Business confidence grows, but threats still loom
10 Apr 2017Grant Thornton’s latest International Business Report (IBR) survey finds an improving global economic picture at the end of Q1 2017. First, it identifies significant increases in business optimism in key economies. And it suggests that the long-awaited economic recovery is finally taking hold after a prolonged period of low interest rates, stimulus measures by central banks and cheap oil.
Positive signals from the US Federal Reserve and promises of tax reform and large infrastructure projects from the pro-business Trump administration form the catalyst that’s igniting business confidence. US optimism surged in the first quarter of 2017, rising by 26 percentage points (pp) on Q4 2016 to 80%. This increase is coupled with an 8pp increase in expectations for investment in plant and machinery.
This surge in optimism isn’t limited to the US. In the Eurozone, optimism is up 6pp to 43%, despite inflation in the bloc falling back under 2%. National rates vary, but improved expectations for employment and exports are widespread across the continent. For example, in February German unemployment reached its lowest levels since unification in 1990, and export expectations increased by 13pp in the first quarter.
However, the economic recovery is patchy and threats to its sustainability are looming.
Forthcoming elections in France and Germany bring uncertainty around the future direction of national and regional politics. A move to the right could lead to protectionist trade policies. These in turn might undermine the recent growth in exports and employment that are driving improved consumer confidence. The EU is also beginning to grapple with Brexit, which has the potential to disrupt established trade flows.
In the US, despite the surge in overall business optimism, revenue, profitability and selling-price expectations all fell during Q1 2017. This trend is also seen in the Markit US Manufacturing Purchasing Managers’ Index (PMI), which tracks new orders, employment and prices. Its steady fall since January 2017 suggests that business leaders are somewhat cautious despite the optimistic headlines. This reflects their awareness that tax reforms and large infrastructure projects could be difficult to get through a partisan congress.
Furthermore, the current geopolitical environment poses a threat existing and potential free trade agreements and traditional bilateral trade flows. Increasing protectionism could trigger trade wars and threaten the sustainability of the economic recovery.
For further information please contact:
Andrew Brosnan, insight and thought leadership manager, Grant Thornton.