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In today's increasingly competitive and regulated market place, organisations - both public and private - must demonstrate that they have adequate controls and safeguards in place. The availability of qualified internal audit resources is a common challenge for many organisations.
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At Grant Thornton, our International Financial Reporting Standards (IFRS) advisers can help you navigate the complexity of financial reporting so you can focus your time and effort on running your business.
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Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
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We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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Grant Thornton's executive recruitment is the real executive search and headhunting firms in Thailand.
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We provide retained recruitment services to multinational, Thai and Japanese organisations that are looking to fill management positions and senior level roles in Thailand.
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Available positions for executive recruitment portal
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The Applied Reasoning Test (ART) is a general intelligence assessment that enables you to assess the level of verbal, numerical reasoning and problem solving capabilities of job candidates in a reliable and job-related manner.
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We provide background checks and employee screening services to help our clients keep their organisation safe and profitable by protecting against the numerous pitfalls caused by unqualified, unethical, dangerous or criminal employees.
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If you’re buying or selling financial securities, you want corporate finance specialists experienced in international capital markets on your side.
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Grant Thornton can help with financial restructuring and turnaround projects, including managing stakeholders and developing platforms for growth.
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From time to time, companies find themselves looking for temporary accounting resources. Often this is because of staff leaving, pressures at month-end and quarter-end, or specific short-term projects the company is undertaking.
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With experts working in more than 130 countries, Grant Thornton can help you navigate complex tax laws across multiple jurisdictions.
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If your company operates in more than one country, transfer pricing affects you. Grant Thornton’s experts can help you manage this complex and critical area.
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Employing foreign people in Australia, or sending Australian people offshore, both add complexity to your tax obligations and benefits – and we can guide you through them.
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Companies, large and small, need to focus on core activities. Still, non-core activities are important, and they need to be leaner and more efficient than most companies can make them sustainably. For Grant Thornton, your non-core activities are our core business. Grant Thornton’s experienced outsourcing team helps companies ensure resilience, improve performance, manage costs, and enhance agility in resourcing and skills. Who better to do this than an organisation with 73,000 accountants? At Grant Thornton we recognise that that outsourcing your F&A functions is a strategic decision and an extension of your brand. This means we take your business as seriously as we take our own.
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We provide practical digital transformation solutions anchored in business issues and opportunities. Our approach is not from technology but from business. We are particularly adept at assessing and implementing fast and iterative digital interventions which can drive high value in low complex environments. Using digital solutions, we help clients create new business value, drive efficiencies in existing processes and prepare for strategic events like mergers. We implement solutions to refresh value and create sustainable change. Our solutions help clients drive better and more insightful decisions through analytics, automate processes and make the most of artificial intelligence and machine learning. Wherever possible we will leverage your existing technologies as our interest is in solving your business problems – not in selling you more software and hardware.
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Technical Accounting Solutions
The finance function is an essential part of the organisation and chief financial officer (CFO) being the leader has the responsibility to ensure financial discipline, compliance, and internal controls. As the finance function is critical in every phase of a company’s growth, the CFO role also demands attention in defining business strategy, mitigating risks, and mentoring the leadership. We offer technical accounting services to finance leaders to help them navigate complex financial and regulatory environments, such as financial reporting and accounting standards, managing compliance requirements, and event-based accounting such as dissolutions, mergers and acquisitions.
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Whether you are a local Thai company or a multinational company with a branch or head office in Thailand you are obliged to keep accounts and arrange for a qualified bookkeeper to keep and prepare accounts in accordance with accounting standards. This can be time consuming and even a little dauting making sure you conform with all the regulatory requirements in Thailand and using Thai language. We offer you complete peace of mind by looking after all your statutory accounting requirements. You will have a single point of contact to work with in our team who will be responsible for your accounts – no matter small or large. We also have one of the largest teams of Xero Certified Advisors in Thailand ensuring your accounts are maintained in a cloud-based system that you have access to too.
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We offer Staff Augmentation services where our staff, under the direction and supervision of the company’s officers, perform accounting and accounting-related work.
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Payroll Services
More and more companies are beginning to realize the benefits of outsourcing their noncore activities, and the first to be outsourced is usually the payroll function. Payroll is easy to carve out from the rest of the business since it is usually independent of the other activities or functions within the Accounting Department. At Grant Thornton employees can gain access to their salary information and statutory filings through a specialised App on their phone. This cuts down dramatically on requests to HR for information by the employees and increases employee satisfaction. We also have an optional leave approval app too if required.
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IBR Optimism of Thailand Mid-Market Leaders Suggests Potential Underestimation of Challenges Ahead: International Business Report, Q1 2024Bangkok, Thailand, April 2024 — The Grant Thornton International Business Report (IBR) for Q1 2024 unveils a strikingly optimistic outlook among Thailand's mid-market business leaders, juxtaposed with the looming challenges that will shape the nation's economic future. With a Business Health Index score of 13.5, Thailand outperforms its ASEAN, Asia-Pacific, and global counterparts, signaling a robust confidence that may overshadow critical issues such as demographic changes, skills shortages, and the necessity for digital advancement.
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Workshop Corporate Strategy and Company Health Check WorkshopThroughout this workshop, we will delve into the life cycle of companies, examining the stages of growth, maturity, and adaptation. Our focus will extend to the current business environment, where your Company stands today, and how our evolving strategy aligns with the ever-changing market dynamics.
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Tax and Legal update 1/2024 Introducing the New “Easy E-Receipt” Tax scheme with up to THB 50,000 in Tax DeductionsThe Revenue Department has introduced the latest tax scheme, the “Easy E-Receipt”, formerly known as “Shop Dee Mee Kuen”. This scheme is designed to offer individuals tax deductions in 2024.
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TAX AND LEGAL Complying with the PDPA – A Balancing ActOrganisations must be aware of the circumstances in which they are allowed to collect data to comply with Thailand’s Personal Data Protection Act.
Culture and technology around the world are rapidly progressing, and the only clear prediction we can make about the future is that change will continue to occur at every level of society. Most businesses have realised that they must follow these changes to keep up with the new world – and others have decided to actually become leaders and drive the change further forward.
But managing that change has proved to be a bigger challenge than many business leaders realise. When steering a large ship in the ocean, charting a new course takes considerable effort because so many of the moving parts need to make precise adjustments in sync with each other. Businesses implementing change programmes also need to coordinate their internal efforts towards cooperation. Performing this task effectively requires a series of commitments, some of which may be counterintuitive.
Real vs cosmetic change
The first paradox relates to the structure of change. The decision to re-calibrate an organisation is most commonly made at the top. It therefore follows that executives would determine the type of change needed while also overseeing implementation. This view, however, neglects the very reason for change in the first place, which is – in most cases – to encourage a more vibrant and participatory company culture.
If you are taking a top-down approach by imposing greater equality or democracy through direct command, then there is something deeply contradictory about the message you are sending to your employees. Your directives may be accompanied by much rhetoric about change, but in practice, your employees will recognise them as representing continuity under another name.
An inclusive approach should be at the heart of your change programme – both in terms of the change itself as well as how it is implemented. Diversity and inclusion are more than just trends and buzzwords; they signal the amount of input your company receives in its quest to improve. If changes all come out of the boardroom, then your organisation will fail to receive ideas from most of its employees – the very employees, incidentally, who are closest to the action.
The fate of any change programme depends largely on the extent to which it is adopted and embraced by the employees across the organisation. If your employees receive encouragement and incentives for sharing their ideas, they will come up with more of them, and they will also be far more likely to take ownership of those ideas.
A receding horizon
The second paradox surrounding change management involves the ultimate goals it aims to achieve. The more successful a change programme is, the less its success can be measured definitively, because it is always continuing. Change is like a horizon: you can aim for it, but you will never reach your final destination because there is always further to go.
Technology continues to advance, allowing for new types of business processes, greater streamlining, better articulation and presentation of ideas, faster implementation, cleaner and better production methods, and so on. Positive change therefore must be embedded in the day-to-day nature of your business practice; it is more a direction than a destination.
Change is also not only something to be performed at the lower levels of an organisation. Feedback must also be allowed to travel freely upwards, creating a meritocracy of ideas. If efforts at change are ignored by the leadership, the change loses its power, and the rest of the organisation may also lose their belief in the new direction. Everyone must buy in to the new direction – most of all the leaders.
Showing the way forward
The best way to promote a business culture of respect, understanding, acceptance, engagement and commitment is to make these same qualities the centre of your approach to change management itself.
Most of us are comfortable in our routines, and need inspiration to help us shake free from this complacency. By creating a positive and welcoming environment to accompany the change programme, people will find it much easier to adopt the necessary mindset, and contribute positively to the journey ahead.