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Aviation Advisory
Our dedicated Aviation Advisory team bring best-in-class expertise across modelling, lease management, financial accounting and transaction execution as well as technical services completed by certified engineers.
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Business Risk Services
Our Business Risk Services team leverage our risk, internal audit and technology subject matter expertise to critically assess your governance, risk and internal control mechanisms, thus helping you to better manage risk and enable more informed decision making.
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Consulting
Whatever your business needs, our Consulting team can help you to move forward and identify and implement major transformations efficiently and effortlessly.
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Financial Accounting and Advisory Services (FAAS)
As organisations expand into new markets or undertake functional financial transformations, the challenges faced by their accounting and finance teams become more complex. The Financial Accounting and Advisory Services (FAAS) team at Grant Thornton is a multi-disciplinary team that designs and implements creative solutions to address these complexities.
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Fintech
Our Fintech team will be offering you an opportunity to sit with our experienced consultants to discuss your challenges.
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Forensic Accounting
Organisations may undergo some type of dispute or internal investigation during their lifetime. Our Forensic Accounting team can seek evidence that can make the difference between finding the truth or being left in the dark.
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Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
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Sustainability Desk
We recognise that businesses are operating at different levels of maturity when it comes to sustainability, and pride ourselves on working with our clients to develop bespoke solutions to their exact needs.
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Company tax
Our experienced corporate tax advisors work closely with your business to ensure full compliance and optimal efficiency. By understanding your commercial operations, we identify opportunities to manage liabilities, reduce risk, and strengthen your financial position through tailored tax planning and advice.
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Global mobility
Our integrated approach brings together specialists from tax, payroll and people advisory to simplify global mobility management. We help you navigate expatriate and international tax obligations while ensuring compliance and supporting your people through relocation.
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Indirect tax advisory and compliance
Transactional taxes such as VAT and customs can quickly become major financial exposures. Our Indirect Tax team helps you manage risk, ensure compliance across jurisdictions, and identify opportunities to streamline processes—protecting cash flow while maintaining transparency with tax authorities.
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International tax
Operating internationally introduces complex tax considerations. We collaborate across our global network to design efficient, compliant structures that align with your operational footprint and strategic priorities—delivering confidence and clarity across borders.
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Private client
Our Private Client team supports you through every stage of your personal financial journey. From residency and domicile planning to succession and wealth transfer, we help you minimise the impact of taxes such as income, capital gains and inheritance tax, ensuring your wealth is protected for future generations.
Navigating changes to International Financial Reporting Standards
What’s new in the 2022 edition
The 2022 edition of the publication has been updated for changes to International Financial Reporting Standards (IFRS) that were published between 1 January 2021 and 31 December 2021. The publication now covers 31 March 2021, 30 June 2021, 30 September 2021, 31 December 2021 and 31 March 2022 financial year ends.
Contents
The effective dates table on the next page lists all the changes covered in the publication, their effective dates, and the page in the publication on which the appropriate summary can be found.
How to use the publication
Identifying the changes that will affect you
The effective dates table has been colour coded to help entities planning for a specific financial reporting year end, and identifies:
- changes mandatorily effective for the first time
- changes not yet effective
- changes already in effect.
Where a change is not yet mandatorily effective for a particular year end, it may still be possible for an entity to adopt it early (depending on local legislation and the requirements of the particular change in concern). Where a change has been made but an entity is yet to apply it, certain disclosures are required to be made under IAS 8 ‘Accounting Policies, Changes in Accounting Estimates and Errors’.
Disclosures required include the fact that the new or amended Standard or Interpretation has been issued but it has not yet been applied, and known or reasonably estimable
information relevant to assessing its possible impact on the financial statements in the period of initial application.
Identifying the commercial significance of the changes in the publication
For each change covered in the publication, we have included a box on its commercial implications. These sections focus on two questions:
- how many entities will be affected?
- what will be the impact on affected entities?
A traffic light system indicates our assessment of the answers to these questions.
Other Grant Thornton International publications
Where appropriate, references have been made to other Grant Thornton International publications that provide more detailed information on the changes discussed in this publication. A list of other publications is provided on pages 32 to 35 and should you require further assistance, please get in touch with the IFRS contact in your local Grant Thornton office.
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Louise Kelly Louise has over 14 years’ experience working on all sizes of public sector and privately owned companies. Her portfolio includes clients in various sectors including construction, education, motor retail, manufacturing and public sector.View Profile