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International Financial Reporting Standards
Grant Thornton International member firms combine broad international experience with technical know-how in audits of IFRS based financial statements
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Financial Reporting Audit
Our Audit division has the capacity and knowledge to provide an assurance that the Final Financial Statements episodes will be reliable and timely
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Compliance
We are committed to providing a service with the highest standards of excellence, integrity, and experience
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Mexican Social Security & Local Tax
Growing businesses need strong tax management to meet current and future tax liabilities and we can help you achieve this, whatever challenges you face
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International Taxes
Your people are probably your business’ most valuable asset. If you choose to send them overseas you will face certain tax liabilities, social security, and pension obligations
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Prevention and detection of money laundering and anti-corruption practices
Prevention and detection of money laundering and anti-corruption practices. The process of hiding or disguising the existence, illegal source movement, fate or illegal use of property or funds, proceeding from illegal activities
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Business consulting
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle
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Business risk services
Businesses worldwide are facing constant challenges as they try to navigate the wide range of risks involved in complex global markets
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Forensic services
Fast-growing organizations need advisers that can dig deep into their business and provide detailed solutions
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Forensic services
Fast-growing organizations need advisers that can dig deep into their business and provide detailed solutions
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Forensic services
Fast-growing organizations need advisers that can dig deep into their business and provide detailed solutions
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Forensic services
Fast-growing organizations need advisers that can dig deep into their business and provide detailed solutions
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Forensic services
Fast-growing organizations need advisers that can dig deep into their business and provide detailed solutions
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Forensic services
Fast-growing organizations need advisers that can dig deep into their business and provide detailed solutions
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Forensic services
Fast-growing organizations need advisers that can dig deep into their business and provide detailed solutions
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Forensic services
Fast-growing organizations need advisers that can dig deep into their business and provide detailed solutions
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Recovery & reorganisation
We focus on identifying and resolving issues affecting profitability, protecting enterprise value and facilitating a full recovery where possible
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Transactional Advisory Services
We can help you understand the value drivers behind successful transactions
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Internal Audit
In today's global economy, organisations - both public and private - must demonstrate that they have adequate controls and safeguards in place
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Payroll Outsourcing
Payroll and, in addition, personnel administration are the biggest and most time-consuming challenges facing expanding organisations
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Accounting outsourcing
The goal is to increase the effectiveness of accounting processes, supporting your core business. It was created especially for businesses with high information needs, usually related to working in an international environment
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Human Capital Services
We provide solutions for your company in order to identify, evaluate, reward and retain the best talent
Today, more than 100 countries have adopted the International Financial Reporting Standards (IFRS), either as originally were issued by the International Accounting Standards (IASB) or as required by a particular jurisdiction.
In Mexico, the adoption of IFRS for companies listed on the Mexican Stock Exchange is mandatory from 2012. The regulations of the Securities and Exchange Commission (SEC for its acronym in English) of the United States says it is probable, that within the next few years, the capital markets of the United States have made the complete transition to IFRS.
Experience
The Grant Thornton member firms, including Mexico, combining extensive international and technical experience in audits of financial statements based on IFRS.
Also, we help our customers and all stakeholders in the process of adopting International Financial Reporting Standards, or conversion of their financial information under Mexican Financial Reporting Standards (IFRS).
Our valuation specialists, internal control, and taxes, as well as experts in information technology, are available to advise him right where the conversion process requires the expertise of specialists in the field.
Our services in the process of adoption or conversion to IFRS, include among others:
- Attendance in the selection of alternative IFRS accounting policies, such as voluntary exemptions from IFRS.
- First-time Adoption of International Financial Reporting Standards; and help in assessing the implications of the selection of alternatives.
- Identification of the specific differences in the various items of the financial statements between Mexican FRS and IFRS.
- Identification of requirements to cover in the process of adopting IFRS, or to convert financial information under Mexican FRS to IFRS.
- Determination of the necessary adjustments to the financial information reports remain in line with the appropriate basis of accounting.
- Preparation of financial statements and disclosure in notes to meet the requirements resulting from the process of adoption or conversion, if any.
- Direct counseling on accounting systems and internal controls in design and implementation, to comply with the adoption of IFRS, or the conversion process, if so.
- Attendance of communications with stakeholders.
- Providing specialized accounting personnel training.
Contact us, we can tailor our services to meet your specific needs. The IFRS conversion services may be limited due to considerations of independence.
