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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.
Wave after wave of new business technology has been hyped as revolutionary, leaving organisations with the options either to invest in strategic transformation and disruptive technologies or to dismiss it all as mere noise and carry on with traditional methods of business administration.
Indeed, with new acronyms and buzzwords flying about almost every month – Robotic Process Automation (RPA), Intelligent Automation (IA), and Blockchain, alongside Business Process Outsourcing (BPO) and countless others – keeping up with the new trends is almost a full-time job in itself. To make things worse, in many people’s minds, technology like Blockchain has been bundled together with unstable and perhaps unsustainable concepts like Bitcoin, muddying the waters even further.
Despite the hype, or perhaps due to a sensible attitude of wariness towards hype itself, many businesses are asking themselves whether it’s really worth changing their business practices just to keep up with the times.
Though the question is complex, the answer is simple. For nearly every business with more than a handful of employees, it is absolutely worthwhile – often tremendously so – to take full advantage of at least one of the technologies and processes mentioned above. How to start, however, is another matter many businesses still try to figure out.
Before we get there, let us take a moment to appreciate the value that these approaches can offer a business in the modern economy. Business Process Outsourcing is the simplest of the concepts mentioned earlier; it merely involves hiring outside experts to handle the more onerous and technical responsibilities related to business administration, such as accounting and finances. The benefit comes from allowing you to focus on your core business processes, knowing that a reputable team of professionals will take care of the rest.
Robotic Process Automation essentially outsources the same kinds of core processes to artificial intelligence machines: scanning receipts, balancing books, preparing financial information, and so on. Intelligent Automation, though the technology is not yet ready for the often unpredictable world of business, takes the same concept and expands it beyond mere repetitive and predictable tasks, and into the world of creative thinking, judgment, and problem-solving.
Both RPA and IA represent an extraordinary leap beyond traditional back-office methods, performing in seconds what it would take professional workers days to create – and doing so more cheaply, with a higher rate of accuracy and fidelity assisting organisations to reduce people dependency and minimise risks and compliance issues.
These benefits come with a pair of tradeoffs, however. The first relates to security; increasing reliance on machines yields an ever greater exposure to hacking and other related dangers, with potentially catastrophic results. Fortunately, much of the risk is negated by the use of Blockchain technology. It is ironic but nevertheless true that one of the riskiest investments in the financial world – Bitcoin – was created through perhaps the most reliable and tamper-proof data storage technology ever invented. The Economic magazine calls Blockchain “the trust machine”, and indeed this is likely to be its most enduring legacy.
Blockchain uses powerful mathematical encryption to create an accounting ledger that survives all external attempts at manipulation. Its fast adoption across the global economy is widely expected to result in a savings of many billions of dollars through the improved efficiency and security that it brings to every transaction. Although Blockchain is not a shield against every type of fraud or manipulation, its extraordinary utility as a tool for both security and accuracy has been proven beyond doubt.
The other tradeoff that these technologies (including Blockchain itself) require is a constant familiarity with each iteration in their continually evolving nature. The available forms of RPA, IA, and Blockchain technology in the year 2025 will be vastly different than the versions in widespread use today. Opportunities and challenges will arise, fixes will be needed, and additional capabilities will be added to suit the needs of the market. With these business process innovations, we are currently at a stage comparable to the time when the Model T Ford was introduced over 100 years ago: the relevant technology is new and imperfect, but the potential is enormous and plain to see, and those who spend the most time studying the field will be able to get the most out of it as new enhancements are made.
At this point, we can see the extra pieces coming together. We have technologies that require highly specialised training to use well, and we have an industry (BPO professionals) that are under threat of disruption by new technologies that will make their own teams of professionals obsolete. The solution, of course, is for the outsourcing companies to fully embrace the new technologies, and become among the world’s experts in using them. This way, they remain the cheapest and best option for companies looking to fulfill their accounting (and other) obligations, while not spending their time, energy, and training budget on handling these affairs themselves.
Responsible, forward-thinking outsourcing companies have already begun to make this transition. Although the financial services they provide will be radically enhanced, the expertise needed to provide them will simply move from one type to another. Whereas until now, they have needed to become experts in the minutiae of the legal and accounting professions, in the future they will need to become experts in running the software that will have these legal and accounting details already programmed into it.
This shift in approach will accommodate the new technology while leaving the balance of incentives fairly intact. Businesses will still find that outsourcing their business processes brings them the best value for their money, but the outsourcing companies themselves will be able to offer a much higher-quality service.
The solution, then, for this radical evolution in AI technology is not for businesses to dive head-first into it; the advances are new, hard to learn, and subject to rapid change. Nor is the solution to ignore these innovations completely while waiting for them to be perfected; this would entail missing out on a generation of qualitative leaps in performance.
To get the best of both worlds, businesses should take advantage of the resource that outsourcing companies represent. The outsourcing companies’ new business model will centre around maximising the potential that these new methods of information processing can provide, and business administration will become far more efficient and effective as this model is adopted around the globe.
The hype surrounding RPA, IA, and Blockchain may at times be loud and confusing, but the technologies really do warrant such buzz when they are harnessed in a sensible way. By choosing the right outsource partner to help you navigate safely through the emerging fields of AI, you could give your business an incomparable advantage in tomorrow’s fast-moving economy.