As one of the largest accounting firms, Grant Thornton understands how important audited financial statements are to businesses, shareholders/owners, lenders, investors and other stakeholders. We work with some of the country’s most successful private and public companies. Our approach is to first understand the business and the risks it faces and then to focus our efforts where it matters most. Our method is both effective and cost efficient.
We work with clients to improve their overall financial reporting processes. Ultimately, we see our audit as more than just numbers and compliance. Our goal is to help our clients better understand their business. We consider it our job to keep our clients informed all year long of accounting, financial and regulatory developments that may impact their business.
Every week, Grant Thornton's On the Horizon brings you the latest accounting developments from new guidance issued by the FASB to new rule adoptions from the SEC. On the Horizon for IFRS discusses matters pertaining to International Financial Reporting Standards. You can view other issues of On the Horizon and On the Horizon for IFRS on our website.
For the latest developments on International Financial Reporting Standards, visit On the Horizon for IFRS.
New Developments Summaries (NDS) will give you comments and interpretations on the most recent accounting pronouncements, including examples of how the guidance can be applied.
In today's complex environment, an audit is integral to corporate success, providing evidence to stakeholders that financial results are reported in accordance with applicable standards. Find out more about how Grant Thornton works to ensure the audit process is efficient and the end result is high-quality.
As more companies outsource business services, they rely on independent audits to properly assess the controls used by those service providers. Through a SAS 70 report, a service organization provides its customers independent assurance from a licensed CPA firm that adequate internal controls and safeguards exist over customer information and related business processes. Recently, the AICPA issued the long-awaited new standard that is going to supersede SAS 70. The new standard, Statement on Standards for Attestation Engagements 16 (SSAE 16), goes in effect for periods dated on or after June 15, 2011.