Professional Compliance Advisory Services to Improve Operational Efficiency and Foster Business Growth

When you own a business, you tend to focus more on your level of services, customers, and ROI. Ensuring compliance with statutory regulations may be the last thing on your mind; right? Unfortunately, not being compliant can cost your business significantly, while wreaking havoc on your brand value and reputation. Through effective compliance advisory services, your organisation can stay ahead of problems before they become a disaster.

Grant Thornton, a leading advisory and consulting firm, offers expertise and advice in diverse areas of compliance management. These include:

Compliance consulting: The firm aids in designing and implementing controls and systems; performing controls reviews, and compliance health check-ups; preparing the management for ARROW; analysing regulatory gaps; implementing risk mitigation programmes; and assisting clients with regulatory projects and frameworks.

Due diligence: Whether you want to buy, sell, refinance, or restructure, Grant Thornton helps evaluate the financial impact of current regulatory issues and supports clients to overcome the regulatory challenges. The process involves consulting and facilitating the regulatory approach, defining strategy and policy statements, assessing policy effectiveness, integrating multiple responsibilities and entities, and providing ongoing support and implementation of supervisory visits along with regulatory inspections.

Accounting and financial controller review: The service includes supervising the in-house accounting team, reporting prevalent account management and function, reviewing budgets versus actual reports, ensuring accurate and fair accounting of general ledger transactions, reviewing monthly closures and cash flow projections, and recommending measures to improve process efficiency.

Accounting and monthly management reporting: As an integral part of regulatory and compliance, Grant Thornton helps maintain accounting records in compliance with IGAAP. The service also includes management of accounts payable and receivable; fixed assets maintenance and accounting; preparing MIS and annual statutory financial statements in compliance with IGAAP as well as providing support for annual statutory and tax audits.
In addition to accounting and financial compliance, Grant Thornton leverages its industry expertise and knowledge for:
- Effective payroll compliance management
- Payroll processing and reporting
- Issuing and maintaining standard employee handbook in compliance with regulations
- Providing corporate secretarial compliance advisory services
- Supporting in staying compliant with the company law
- FEMA compliance advisory services
- Direct and indirect tax compliance advisory services
- Transfer pricing compliance advisory services

With a broad outlook and comprehensive services, Grant Thornton enables businesses to stay compliant, streamline operations, and grow further.

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