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Audit
In our firm we respond to the demands of our customers. We have modern methodologies and audit techniques operating in the best interests of your organization.
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Statutory Audit
Audit services of the firm have been designed to support you to meet the challenges involved in managing risks, resources and information.
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External Audit
The external audit service aims to express an independent opinion regarding the fairness of the financia!statements of the companies or certain business areas in which we use previously agreed procedures.
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Managerial and Result External Audit
Our work consists of the execution of the defined procedures to review the accounting information and issue reports and documents.
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Taxes
We work with our clients during all their processes to achieve an excellent statutory clase year, in order to optimize the taxes payment and ease the tax burden.
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Transfer Pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public.
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Legal Services
Our legal advice involves professional lawyers, specialized in different fields.
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Diagnosis and implementation of Full and SME IFRS
Servicio de Diagnóstico e implementación de NIIF plenas y NIIF para las PYMES.
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Training and updating in IFRS
Services of Training and updating in IFRS
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Calculation of accounting estimates under IFRS
Services of Calculation of accounting estimates under IFRS
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Valuation of financial instruments
Services of Valuation of financial instruments
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Advice on specialized topics
Services of Advice on specialized topics
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IFRS advice for public sector entities
Services of IFRS advice for public sector entities
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Preparation of financial statements and disclosures
Services of Preparation of financial statements and disclosures
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Sarbanes-Oxley Service Audit (SOX)
Only those who have clearly structured numbers and a good view of their business, can identify weaknesses and opportunities early enough to react on time to events in their environment.
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Audit of Organization
In order to help the service organization and its users to establish a reliable and standard process for the service organization's reports, we offer the following services:
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IT Audit
IT Audit Services help the Organization manage risks and controls related to IT implementation and use to achieve business financial, operational, and regulatory objectives.
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Computer Security
Cybersecurity frames a set of tools, policies, security safeguards, guidelines, risk management methods, actions, training and in summary a series of practices that can be used to protect the organization's assets and users in cyber-environment.
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Performance Tests
Our service focuses on determining the speed at which a task is performed under particular working conditions on a specific information or application system.
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Audit Security Social
As part of Social Security policies and strategies in Colombia, pensions and health are fundamental workers' rights, for which specialized support is required to guarantee access to these rights, in a transparent, equitable and the law.
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BCP Services
We are certified by DRI International as Business Continuity Plans Consultant, CBCP and with training and certification as internal auditor in SGS, ISO 2005: 27001..
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SAP Auditing and Computer Security
We have certified experts in security and auditing SAP in R / 3, CRM, BW. Our approach allows us to perform in SAP
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Corporate Risk Management
This regulatory environment seeks to mitigate the risks and uncertainties of the banking industry, also responding to economic pressures and investor expectations.
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Operational Improvement
Process management, within which operational improvement is framed, can be defined as a way of focusing the work, where the continuous improvement of the activities of an organization is sought through the identification, selection, description, documentation and continuous improvement of the processes. Any activity or sequence of activities that are carried out in the different business units, constitutes a process and as such, must be managed.
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Change Management
Change management is the process, through tools and techniques, to manage the transition to a new reality, trying to make the people involved able and willing to work in the new defined context and achieve the expected results.
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Business Intelligence and Analysis
Business intelligence acts as a strategic factor for an organization, generating a potential competitive advantage, which is none other than providing privileged information to respond to business problems.
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Due diligence
Due Diligence is a term, usually used in the field of business acquisitions, to refer to the process of finding information about an organization.
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Valuations
The valuation of a company is not an exact science and can vary depending on the type of business and the reason.
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Financial accounting
Only those who have clearly structured numbers and a good view of their business, can identify weaknesses and opportunities early enough to react on time to events in their environment.
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Tax and legal compliance
The tax authorities constantly keep entrepreneurs and freelancers on alert, with tax issues taking part as a crucial role in almost all business decisions.
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Payroll
Payroll is one of the most challenging responsibilities that a company faces every year. Our service fulfill the client internal policies, understands the corporate strategic planning and focus on the record of the received newness.
Local environment continues to improve for growing businesses
There was some great news for Chile in the latest edition of the Grant Thornton Global Dynamism Index (GDI): we ranked second out of 60 economies, behind only Australia. So what do the results mean?
The GDI assesses and ranks the dynamism of economies around the world. So last year, the index suggests that Chile’s business growth environment improved more than any other emerging economy. And every advanced economy bar one.
Chile normally scores relatively well in these types of rankings – 12 in the Emerging markets opportunity index, 34 in the World Competiveness Report and 37 in the World Bank Doing business index. We ranked 11 in GDI 2012 – what’s driven the improvement this year?
The GDI splits dynamism into five areas. Two of these – economics & growth and labour & human capital – naturally favour emerging economies. Chile does well in each, ranking 11 and 8 respectively. However, the economy also ranks high on two more stable areas, which take longer to develop: financing environment (3) and business operating environment (17). In fact, Chile is the top ranked emerging economy in each area.
It is an incredible achievement and speaks to the continuing development of the economy in terms of rules and regulations, political and institutional stability, the ease of doing business and access to finance. Entry into the OECD (Organisation for economic cooperation and development) – which requires economies to meet standards in a wide range of policy areas – in 2010, confirms the amount of progress that has been made over the past two decades.
So is this translating into business investment? Well, we were the 11th largest recipient of FDI in the world in 2012. Over US$30bn flowed into the economy. Up from US$23bn in 2011. These inflows will help build capacity and support growth which is expected to remain at around the 5% mark in the short to medium-term.
The slowdown in China is a key risk of course. It accounts for 24% of our exports and the drive to move the economy away from investment towards consumption could have knock-on effects on demand for our commodities. If the price of copper subsequently fell this would be a major problem. Chile is the largest exporter of the metal in the world. It accounts for approximately 60% of exports, 15% of GDP and 20% of government revenue.
Rising copper prices over the past decade have supported economic growth. But production has barely moved. Interestingly, science & technology (38) is the one area of the GDI that Chile ranks below average on. It would be good to see some business investment channelled into R&D to boost productivity.
Together with further diversification into services, this would support sustainable growth in Chile, allowing us to build on the dynamism of our business growth environment.
Jaime Goñi is Managing partner of Grant Thornton Chile.