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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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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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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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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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Advice on specialized topics
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IFRS advice for public sector entities
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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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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 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.
Jim Menzies discusses how international expansion is creating new opportunities, challenges and profits
Profitably growing a Food and Beverage company today is more difficult than ever – yet opportunities have never been greater. As a result I see our leading F&B clients actively pursuing global growth opportunities. And it's the emerging middle classes feeding this trend on every continent.
As our latest Grant Thornton report Expanding Horizons shows, F&B leaders are implementing strategies focused on innovation and agile business models. This allows organisations to adapt processes, products and resources to wherever sales and profits arise.
But before you expand internationally, our experience shows that there are a number of key areas to think about in advance. Planning ahead can help you choose the most appropriate products, messaging and route into a new market.
First, get in touch with the local culture and lifestyle of consumers. Is there, or could there be, substantial demand for your products? Will you have to have to adapt your products to local tastes or due to limited access to raw ingredients? When Kentucky Fried Chicken entered China the company decided to localise its menu. The strategy worked and there are now nearly 4,600 KFC restaurants in the country.1
Once you understand the potential demand it's important to examine and learn the local market dynamics, competitors, distribution channels and potential business partners. Can you establish a network to sell and safely distribute high quality goods in a cost effective way? While Brazil may have high operating costs, it has excellent infrastructure and is open to foreign investment.
Next, find out about the local regulatory requirements. Can your products meet standards required in the region, country, state or city without substantial changes? Take India for example. The country has no comprehensive national food processing policy and each state determines its own F&B regulations.
Finally, when you understand the cultural and logistical dimensions of the market, identify the most profitable opportunities and potential risks. Which products, packaging and messaging will you deliver? And how might necessary alterations to products, production and distribution impact profits? To reach international markets Guinness introduced 'foreign extra stout'. The gamble paid off and Nigeria is now Guinness' largest sales market.
F&B executives have new tools and technologies (e.g. big data, business analytics) on their side to sort through these decisions – and to predict how market factors (e.g. tariff and tax implications, currency issues) will help or hinder.
But it’s also important to have a knowledgeable ally at your side as you take your first steps in new lands. Grant Thornton works daily in F&B markets around the globe, and we’ve been helping leaders like you with new ventures for decades.
To learn more about the opportunities that await (and how to capitalise on them) download Expanding Horizons today.
If you're interested in finding out more, you can reach me by email jim.menzies@ca.gt.com.
Jim Menzies is global leader for Food & Beverage at Grant Thornton.
Footnote
1'Restaurant counts,' Yum! Brands, retrieved 20 November, 2014.