Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues in excess of $1.6 billion and operates 59 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
Governing with collaboration and measurement
Genuine progress comes from entrepreneurial governing, says former Maryland governor Martin O’Malley.
Innovation drives audit quality
Accounting firms often talk about audit quality and innovation, but what does that mean for businesses? In this Grant Thornton podcast, Trent Gazzaway, the firm’s national partner for quality and innovation, addresses how innovative approaches are driving higher quality in audits.
How private companies can manage ASC 842 compliance
Don’t make the mistake of thinking that the extended compliance deadline means you can let up on your compliance efforts. ASC 842 compliance is a huge, complex effort. Listen to our podcast as Grant Thornton’s Rebekah Feather, a partner in our strategic federal tax practice, and Andrew Taylor, a director in our accounting advisory services practice, share key lessons they’ve learned helping public companies comply with ASC 842—lesson you can use drive effective ASC 842 compliance.
Taxes and ASC 842
When it comes to ASC 842 compliance, companies have been focused on determining the right-of-use asset and liability for balance sheet purposes. But changes to lease accounting rules also make determining tax timing differences more difficult.
Getting the tax issues right means accessing massive amounts of data from disparate systems across your organization. Tracking down data concerning issues like free or deferred rent, tenant allowances and initial direct costs has gotten more complicated and more important. And organizations not only face the challenge of the initial conversion to the new rules, but of ongoing compliance going forward.
Listen to our podcast to better understand the tax challenges of ASC 842 and to learn how companies are using powerful new tools to address them.
Innovation equation: Embracing smart risk-taking
Listen to GT's Chris Stephenson and LaVerne Council discuss the importance of smart risk-taking as CFOs and CIOs navigate the digital transformation journey and address critical enterprise challenges including data governance and cybersecurity.
After the Midterm elections: A look ahead to 2019
The 2018 midterm election could be one of the most consequential in many years, with control of the House, Senate and two-thirds of all state governorships at stake. The outcome could drastically reshape key lawmaking bodies at all levels of government, leading to changes in policy and investment in key areas. Businesses are already watching these races closely and considering the implications for their own long-term strategy.
Our speakers covered what the election results mean for business, including leadership changes to key committees, impact to fiscal policy and priorities, and the outlook for 2019.