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Business Risk Services
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Economic Advisory
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Forensic Accounting
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People and Change Consulting
The Grant Thornton People & Change Consulting practice works with clients on these issues as well as on all…
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Restructuring
We work with a wide variety of clients and stakeholders such as high street banks, private equity funds,…
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Technology Consulting
Motivating and assisting our clients to pursue, maintain and secure the benefits of digital solutions is at the…
Our audit services can strengthen your business and stakeholders' confidence. You'll receive professionally verified results and insights that help you grow.
Our tax services help you gain trust and stay ahead, enabling you to manage your tax transparently and ethically.
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Corporate and International Tax
Northern Ireland businesses face further challenges as they operate in the only part of the UK that has a…
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Employer Solutions
Our team specialises in remuneration and incentive planning and works closely with employers,…
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Entrepreneur and Private Client Taxes
Our team of experienced advisors are on hand to guide you through any decision or transaction ranging…
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Global Mobility Services
Grant Thornton Ireland offer a different approach to managing global mobility. We have brought…
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Outsourced Payroll
Our outsourced service provides valued service to over 150 separate PAYE schemes. These ranging from…
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Tax Disputes and Investigations
Our Tax Disputes and Investigation team is made up of tax experts and former HMRC investigators who…
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VAT and Indirect Taxes
At Grant Thornton (NI) LLP, our team helps Northern Ireland businesses manage their UK and global…
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The IASB has published a revised Conceptual Framework that clarifies and updates its existing guidance that was published in 1989 and updated in 2010. It also fills gaps in areas where there was no or only little guidance.
The Conceptual Framework describes the objective of, and the concepts for, general purpose financial reporting. Its purpose is to:
- assist the IASB in developing IFRS Standards that are based on consistent concepts
- assist preparers in developing accounting policies for transactions or events to which no Standard applies; or
- when a Standard allows a choice of accounting policy help all other parties to understand and interpret the Standards.
The revised Conceptual Framework now contains a comprehensive set of concepts, making some major changes to the previous version. It now contains guidance on:
- measurement
- presentation and disclosure
- the reporting entity
- derecognition.
It further updates the definitions of assets and liabilities and the guidance on recognition as well as clarifying the concepts of measurement uncertainty, prudence, stewardship and substance over form.
Also appears under...