Read our insights

Our ‘IFRS Viewpoint’ series provides insights from our global IFRS team on applying IFRSs in challenging situations. Each edition will focus on an area where the Standards have proved difficult to apply or lack guidance. This edition provides guidance on some of the basic issues encountered in accounting for cryptocurrencies.

Acquisitions of businesses can take many forms and can have a fundamental impact on the acquirer’s operations, resources and strategies.

As we move forward, it is of critical importance that organisations arrive at a sustainable business model with a particular focus on the operational, commercial and technological aspects. Businesses will face difficulty in addressing IT risk alongside managing sizeable IT transformation agendas and balancing commercial recovery and growth.

Over the last year the proposals and additional details have been worked through with some announcements expected in mid-2022. We outline each of the proposals in turn below, providing details of what to watch out for, what is known and what has yet to be agreed.

EU anti-money laundering legislation imposes upon member states the obligation to create and maintain a central register of the beneficial ownership of trusts.

Grant Thornton were involved in a significant workforce survey taken in the greater Dublin area, across five counties during the month of January 2022. The results provide a good overview of workforce challenges and sentiment at the moment amongst employers, and could be equally applicable to the greater Belfast area and Northern Ireland.

As we move towards phased returns to the office and other flexible working arrangements, many of us will face some challenges and concerns when adapting to the change this brings.

Acquisitions of businesses can take many forms and can have a fundamental impact of the acquirer’s operations, resources and strategies. These acquisitions are described in many ways depending on the underlying facts and circumstances: mergers, takeovers and business combinations are all terms that are used, and the accounting and disclosure requirements for all of them are set out in IFRS 3 ‘Business Combinations’.

Risk management is again on top of the agenda, as many Boards and senior leadership teams seek to re-evaluate their approach to risk management on a truly enterprise basis.

Now is the time for leaders to consider the trends that are impacting people and performance, and make a plan that works for their organisation.