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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.
To read How Digital Investments Can Create Strategic Value for Organisations: Part 1, click here
First Steps Toward an Effective Digital Transformation
Your customers are already online. To join them there, the essential questions to ask at the outset are:
- How will your industry change in the next 5-10 years to fit the new paradigm?
- What should the new ideal customer interface look like?
- What innovations will arise to improve customer service?
These questions require analysis of the current state of competition across industries, as well as some blue-sky thinking to improve the customer experience in your own field. For most businesses, no technological breakthrough will be necessary – only a clever adaptation of existing technology into a new interface that is designed to improve the speed and quality of the services you provide.
After deciding on a vision, there are two main barriers that generally prevent companies from following through on their initial ideas: Money, and expertise.
As part of their initial research into digital transformation, businesses should not only predict which new elements will appear in the future, but also which current elements will disappear. Newspaper publishers, for example, may calculate that print will become increasingly irrelevant in the online age. In such a case, they would be wise to follow the current rather than trying to fight it. Closing down printing presses can free up money which can then be used to develop a cutting-edge online interface.
Note that such entities can make this leap only if they see themselves as selling information, rather than merely selling newspapers. Likewise, if oil companies see themselves as just oil companies, they will keep digging even when the wells begin to dry. By contrast, if they look at themselves as energy companies, they will have no trouble moving to other forms of energy production when circumstances favor such a change.
The lesson here is: Rather than focusing on your products, consider instead the functions that your products fulfill. Now expand that line of thinking to encompass your entire company. When you identify processes that are on the way to becoming obsolete in the new world of online business, you have found your chance. Phase them out, and use the savings to fund your digital transformation.
The question of expertise is another challenging one, and it is no less essential than the question of funding. Most companies will need to search externally to find a leader with the technical skills and market awareness to take charge of your digital transformation. This person, once taken aboard, will need to wield considerable power within your organisation – perhaps as a Chief Digital Officer – in order to make the sweeping changes that are necessary.
It is natural to hesitate before relinquishing such authority to an outsider who has not had the time to develop a deep feeling for the company, especially considering that the other employees could feel uneasy at seeing such rapid changes. For this reason, strong communication skills are crucial at all levels of the company, beginning with management. Everyone needs to be informed of the new company vision moving forward, and everyone should be invited to participate in crafting it.
Managing Progress and Leadership in the Online Age
A Project Management Office should be created to handle issues relating to the digital transformation, and all areas of the company should be represented within it. Top-down bureaucracy is ill-equipped to handle this new atmosphere of emerging technology, creative design and rapid change in a fast-paced economy. De-centralised command allows departments and offices to work toward a common goal at the necessary speed, but this approach can work only when the entire company is fully briefed at the outset and continuously kept in the loop when new developments arise.
Within the PMO, new ideas need to be encouraged – particularly the identification of flashpoints where technology can interact positively with your company offering. Always remember that the goal of digital investment should be to optimise the customer’s ‘journey’ through the new system, from finding and inquiring about your product, to purchasing it with ease, to receiving quality after-sales service.
Through the course of such changes, old market niches may disappear as new ones suddenly form within reach. Data analytics, in addition to improving your company’s products and services themselves, can also be put to good use when evaluating your progress towards the goals your company has set.
The digital economy, to be sure, contains many bumps in the road – but it is nevertheless the only road that goes forward. Technical issues constantly arise, as the world of digital marketing and interface maintenance both contain steep learning curves, and elaborate company training sessions will be necessary to bring your team up to speed and onto the same page. New security concerns must also be taken very seriously; the digital universe must contend with hacking efforts and other related dangers that can bring a thriving company to its knees in a matter of hours.
But the world of business has always had its challenges. To partake in the rewards requires courage, preparation, strong guidance and precise execution at all levels of a company. A change in direction is always a difficult step for a company – but a necessary one when the wider society changes direction first.