Capability in IFRS is a core skill. Grant Thornton has a full time global IFRS team that is responsible for promoting high quality, consistent application of IFRS throughout the global organisation. The IFRS team is advised and supported by member firm IFRS experts, including an IFRS interpretations group and a financial instruments working group.
The IFRS team promotes consistency throughout the world by:
These materials, along with IFRS developments, are communicated via a network of designated IFRS champions in member firms. As a core skill, IFRS is integral to the Grant Thornton Audit Review
process (discussed below). Any issues concerning IFRS are reviewed to determine if training or
additional guidance is necessary.