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Internal audit
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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IFRS
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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Audit quality monitoring
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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Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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Looking for permanent staff
Grant Thornton's executive recruitment is the real executive search and headhunting firms in Thailand.
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Looking for interim executives
Interim executives are fixed-term-contract employees. Grant Thornton's specialist Executive Recruitment team can help you meet your interim executive needs
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Looking for permanent or interim job
You may be in another job already but are willing to consider a career move should the right position at the right company become available. Or you may not be working at the moment and would like to hear from us when a relevant job comes up.
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Practice areas
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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Submit your resume
Executive recruitment portal
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Update your resume
Executive recruitment portal
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Available positions
Available positions for executive recruitment portal
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General intelligence assessments
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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Candidate background checks
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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Capital markets
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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Corporate simplification
Corporate simplification
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Expert witness
Expert witness
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Family office services
Family office services
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Financial models
Financial models
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Forensic Advisory
Investigations
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Independent business review
Does your company need a health check? Grant Thornton’s expert team can help you get to the heart of your issues to drive sustainable growth.
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Mergers & acquisitions
Mergers & acquisitions
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Operational advisory
Grant Thornton’s operational advisory specialists can help you realise your full potential for growth.
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Raising finance
Raising finance
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Restructuring & Reorganisation
Grant Thornton can help with financial restructuring and turnaround projects, including managing stakeholders and developing platforms for growth.
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Risk management
Risk management
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Transaction advisory
Transaction advisory
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Valuations
Valuations
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Human Capital Consulting
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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Strategy & Business Model
Strategy & Business Model
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Process Optimisation & Finance Transformation
Process Optimisation & Finance Transformation
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System & Technology
System & Technology
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Digital Transformation
Digital Transformation
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International tax
With experts working in more than 130 countries, Grant Thornton can help you navigate complex tax laws across multiple jurisdictions.
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Licensing and incentives application services
Licensing and incentives application services
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Transfer pricing
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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Global mobility services
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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Tax compliance and tax due diligence review services
Tax compliance
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Value-Added Tax
Value-Added Tax
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Customs and Trade
Customs and Trade
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Service Line
グラントソントン・タイランド サービスライン
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Business Process Outsourcing
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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Technology and Robotics
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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Accounting Services
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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Staff Augmentation
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.
Two distinct trends have been taking shape in recent months, within different sectors of the global economy.
Among business people, the economic future is very bright indeed. The United States has seen continuous growth since the global recession hit a decade ago, with unemployment at historic lows and the stock market at historic highs. China’s economy has performed even better, continuing the meteoric rise that began with the country’s modern wave of liberalisation.
Our own Grant Thornton International Business Report conducts worldwide surveys that poll business leaders across the world markets, and fully 54% of respondents reported feeling a sense of economic optimism in Q2 2018 – far higher numbers than in previous years. Here in Thailand, investment and trade continues to boom, with Thailand 4.0 promising a full-scale upgrade to bring infrastructure, production methods and business incentives up to a highly advanced state.
The world’s major conflicts are cooling down, education and literacy are at all-time highs, life expectancy is improving, the world of computerisation, artificial intelligence, robotics and genetic engineering is at our doorstep, a new generation of rockets and electric cars is upon us, and each day in developing countries, hundreds of thousands of people are connecting to the world of electricity for the very first time. The lights of the world are indeed turning on.
Oxford economist Max Roser has pointed out that daily newspapers would be justified in running the following headline – “NUMBER OF PEOPLE IN EXTREME POVERTY FALLS BY 137,000, SINCE YESTERDAY” – every single day for the past 25 years. Although news publications often reach wider audiences by highlighting conflict, fear and tragedy, the fact of the matter is the arc of the economic universe is long, but it bends toward prosperity. Right?
Don’t look down
We are indeed flying high as a global civilisation, but some people – particularly in the world of investment – would remind us that there are many more ways to fail than to succeed. If the world is enjoying a moment of prosperity, there is no rule of nature which says that the good times must continue forever.
Former British Prime Minister Gordon Brown was the most recent and high-profile person to speak out about this possibility, insisting that by failing to install safeguards around the global banking system, “we are in danger of sleepwalking into a future crisis.” Compounding the problem, he says, is that “there is going to have to be a severe awakening to the escalation of risks, but we are in a leaderless world.”
Mr Brown cites regulatory failure in the banking industry as the likely trigger for the next economic crisis, adding, “The cooperation that was seen in 2008 would not be possible in a post-2018 crisis, both in terms of central banks and governments working together. We would have a blame-sharing exercise rather than solving the problem.”
Mr Brown referred to several potential conflicts simmering just beneath the surface in world affairs. “Countries have retreated into nationalist silos and that has brought us protectionism and populism,” he said. “Problems that are global as well as national and local are not being addressed. Countries are at war with each other on trade, climate change and nuclear proliferation.”
Days after he made these comments, the Trump administration announced 10% tariffs on US $200 billion worth of Chinese goods, to come into effect on September 24. That rate is scheduled to increase to 25% on January 1. For its part, China immediately announced tariffs on $60 billion-worth of US goods. These moves come in addition to actions taken just three months ago, in which each country imposed tariffs on $50 billion-worth of goods from the other.
Amid these actions, Chinese Premier Li Keqiang stated that “the Chinese economy is inevitably affected by notable changes in the global economic and trade context,” adding, “we're facing greater difficulties in keeping stable performance of the Chinese economy.”
Europe has also experienced its share of difficulties in the current political environment. Fallout from the global recession a decade ago left many resentful, particularly in southern Europe. Concerns about immigration frequently top polls across the continent, leading to the rise of nationalist movements that threaten the EU as a cohesive entity. Moreover, Europe has still not faced the consequences of Brexit, but that die has been cast as well – and nobody is entirely sure of what it will lead to.
The increased frequency of major hurricanes, say climate scientists, is another indication that our current wave of prosperity is coming at the cost of future generations. Perhaps these are some of the reasons why some polls find near-record levels of pessimism within the investment world, even as optimism characterises the responses of many in other areas of business.
A future within reach
Despite the many dangers, the world has known worse times of crisis than these, and thus far has always banded together – even if only as a last resort – to solve them. One comment from Gordon Brown, however, echoes in the mind: “We are in a leaderless world.”
Every nation is blessed with great resources to work with – its people representing the most valuable resource of all. The fate of nations, therefore, often depends on the leadership it can draw upon – to put the right incentives into alignment, to increase feelings of solidarity and community, and to encourage hard work and cooperation toward a positive goal.
In this interconnected world, distances have collapsed and we all find ourselves in much the same boat. As Chairman of Grant Thornton in Thailand, and adviser to many companies on the topic of leadership, I can say with confidence that true leadership does not always come just from the top. Anyone in an organisation, and around the world, can lead and inspire those around them. The world is full of heroes, many of them unsung, who have helped steer their ship in the right direction.
The world’s economy is not destined for success, nor is it doomed to failure. Its health is in our hands, to care for, or neglect – whichever fate we choose for it.