Global resources

Grant Thornton member firms serve clients around the world. As such, the member firms must ensure that engagements are adequately staffed. The global organisation has a facilitating role when a member firm needs additional resources and requires help from another member firm.

Global IFRS capability
Capability in International Financial Reporting Standards (IFRS) is a core skill for our business. We have a full time 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 firms' IFRS experts including an IFRS interpretations group and a financial instruments working group. The IFRS team promotes consistency through an international training programme including quarterly webinar updates, operating an IFRS helpdesk service and by publishing extensive technical and interpretive guidance, newsletters and other tools and resources. 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.

Grant Thornton IFRS documents:

The following publications are available to member firms, and also available free of charge for external use from the IFRS publications section of the international website www.gti.org:

IFRS News - published quarterly and offers an overview of the more significant developments in IFRS, their impact on businesses, insights into related topical issues and views from the Grant Thornton IFRS team
IFRS vs US GAAP comparison
Example Consolidated IFRS Financial Statements - illustrates good practice in the application of the presentation and disclosure requirements of IFRS
Deferred tax - a Chief Financial Officer's guide to avoiding the pitfalls
Financial instruments on display - illustrative disclosures and guidance on IFRS 7 - the global financial crisis has put the spotlight on the adequacy of risk and other disclosures concerning financial instruments. This guide reflects the collective experience of the Grant Thornton IFRS team and member firm experts in applying IFRS 7
Liability or equity? A practical guide to the classification of financial instruments under IAS 32
Operating Segments - a guide to IFRS 8 in practice - explains IFRS 8's key implementation issues and includes interpretational guidance and illustrative examples in the most problematic areas
The Road to IFRS - a guide for first-time adopters of IFRS
Financial Instruments - a Chief Financial Officer's guide to avoiding the traps
IFRS Top 20 (issues) Tracker - discusses the 20 most topical issues identified by the Grant Thornton IFRS team and member firm experts
Example IFRS Interim Consolidated Financial Statements
IAS 23 Capitalisation of borrowing costs - from theory to practice.

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Grant Thornton International is a non-practicing, international umbrella entity organised as a private company limited by guarantee incorporated in England and Wales. References to "Grant Thornton" are to the brand under which the Grant Thornton member firms operate and refer to one or more member firms, as the context requires. Grant Thornton International and the member firms are not a worldwide partnership. Services are delivered independently by the member firms, which are not responsible for the services or activities of one another. Grant Thornton International does not provide services to clients.