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A process which outlines the planning and thought put into designing the transfer pricing policies, combined with an implementation manual that has been agreed with internal finance teams, can help tremendously. It is also advisable to ensure that there is an annual review of the policies against the commercial reality of the business.

Despite the ongoing uncertainty created by geopolitical tensions and a record number of national elections, businesses simply cannot afford to do nothing. Those business leaders prioritising strategic investment and operational resilience to optimise their operations will be best positioned for success.”

Global percentage of women in senior management

A tool that can offer long-term benefits

Businesses must consider the impact of AI on society and take steps to mitigate any negative consequences, and involve all stakeholders in the process of developing and deploying AI systems, to ensure that all perspectives are taken into account.

Discover more about the Digital Operational Resilience Act (DORA) and how Grant Thornton can help you navigate the complexities of DORA and ensure that your operations are in full adherence to the regulatory framework.

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Accounting is a language that does not live from being conceptually perfect, but from being generally accepted and 'understandable'.

The gender diversity issue has been on the business agenda for many years now, yet a third of businesses still have no women at a senior management level. Somewhere there is a disconnect.

This IFRS Viewpoint considers how a purchaser accounts for discounts and rebates when buying inventory.

Drawing on interviews from our IBR and other sources this report explores the opportunities and challenges for business growth in Asia-Pacific. The slowdown in China, regional tensions and ageing populations emerge as key threats to regional growth prospects, while businesses are excited by the Trans-Pacific Partnership and increased ASEAN cooperation.

The dramatic and sustained drop in the global oil price led to a certain amount of doom mongering around the cleantech sector. The fear, of course, was that cheaper fossil fuels would make clean energy investments less competitive.

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

The practical impact of the OECDs recommendations and the key issues that should be on your radar as a tax function and head of tax.

As productivity rates fall, businesses and governments need to find new ways to make inputs work harder if living standards are to be maintained.

New research from Grant Thornton’s International Business Report (IBR) reveals the extent to which contagion caused by China’s economic slowdown is spreading to businesses around the world. Business confidence and expectations for revenue and exports are down, not just in China’s near neighbours, but in several major economies which count on the world’s second biggest economy as a major trading partner.