How well do you really know internal control health check of your company ? How thoroughly are they checked when policies and procedures are updated? How do you ensure internal control efficiency is established and maintained? Are there any inefficiencies and control deficiencies your team has missed?
New technologies often create new markets that existing regulatory frameworks are not equipped to govern. Sometimes, these emerging markets are so novel that they create uncertainty or gaps in the tax system. The challenge for governments is to devise new tax rules that neither stifle the development of these markets nor create unfair tax loopholes. This is not an easy task.
A system that only works ‘well enough’ today will be far out of its depth tomorrow, as the rest of the industry optimises for greater speed, efficiency, and customer service quality. Because digital transformation/enablement takes time, companies cannot afford to wait until they are noticeably falling behind in order to upgrade their systems and processes.
A great idea is worthless without the funds to bring it to fruition. One of the most underappreciated responsibilities of business leaders is to ensure adequate liquidity for each new endeavour that their companies embark upon. This task requires great insight into company operations and market patterns, as well as an excellent sense of timing, as the necessary cash must be available at the precise moment the organisation needs to access it. Whether a business is a well-established company or a fast-growing start-up, this principle holds true. Even the most seasoned organisations can falter if liquidity management is neglected, just as newer companies can fail to get off the ground without the right financial planning.
Fraudulent activities committed by employees, managers, and even executives can severely damage a business both financially and reputationally. The scope of this problem is typically underestimated, as the idea of team members stealing from the team is unpleasant to consider, much less to discuss out loud. The resulting silence surrounding this issue leads many to assume that it must not be a common problem.
Explore some of the latest trends, best practices, and strategies that are shaping the future of Human Resources. Whether you're an HR professional or simply interested in the evolving landscape of the workforce, this webinar is for you. This webinar will explore FutureLog’s payroll transformation journey.
Advances in digital technology and artificial intelligence can significantly ease the strain on your accounting department, streamlining back office operations and opening the door to better, more in-depth and wide-ranging analysis of your company’s economic direction. Data-based simulations can integrate complex arrays of variables in order to highlight ripe areas of focus for your company, and can now do so more efficiently than ever.
The Grant Thornton International Business Report (IBR) for Q2 2024 reveals a nuanced outlook among Thailand's mid-market business leaders. With a Business Health Index score of 16.3, Thailand continues to outperform its ASEAN, Asia-Pacific, and global peers. However, underlying economic concerns tell a different story and highlight the need for strategic vigilance.
Diversity, equity, and inclusion (DEI) are more than just policies and marketing tools. They are quickly becoming a top priority for organisations of all types and sizes, as companies that embrace DEI outpace their competitors and perform better as a result of integrating DEI principles as part of their core DNA.
Because no two problems are identical, a one-size-fits-all service is not the ideal way out. Many issues can be adequately addressed only through carefully tailored solutions, adapted to the client’s own pain points. We find that these types of “out-of-the-box” services tend to exceed client expectations, while also remaining sensitive to their budgetary concerns. To illustrate how we guide our clients towards success, we share with you two different case studies, each beginning with its own set of problems.
Sound guidance from Strategy to Execution can help companies find success in the new environment after the pandemic.
In a world shaped by COVID-19, agility differentiates the winners from everybody else. Here we describe the concrete steps that Grant Thornton has taken – and you too can take – to stay on a profitable pathway in this new climate.
Businesses need a clear plan of action to regain momentum in a COVID-19 world. Here we present six recommendations to help you embrace agility and business success in an uncertain future.
Organisations must respond quickly to changing conditions during this health crisis, particularly with regard to cash management and business strategy. Our guide can help.
In a time of political and economic uncertainty, people are willing to call out poor conduct more than ever before. For organisations around the globe, this presents both a challenge and an opportunity. People expect businesses to prove that profit and purpose are not mutually exclusive – and we can be certain they will watch on with a critical eye, ready to call out firms who they perceive to not be adhering to these types of strong values.
Organisations must be aware of the circumstances in which they are allowed to collect data to comply with Thailand’s Personal Data Protection Act.