-
Aviation Advisory
Our dedicated Aviation Advisory team bring best-in-class expertise across modelling, lease management, financial accounting and transaction execution as well as technical services completed by certified engineers.
-
Consulting
Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
-
Business Risk Services
Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
-
Deal Advisory
Our experienced Deal Advisory team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
-
Forensic Accounting
Our Forensic and Investigation Services team have targeted solutions to solve difficult challenges - making the difference between finding the truth or being left in the dark.
-
Financial Accounting and Advisory
Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
-
Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
-
Risk Advisory
Our Risk Advisory team delivers innovative solutions and strategic insights for the Financial Services sector, addressing disruptive forces, regulatory changes, and emerging trends to enhance risk management and foster competitive advantage.
-
Sustainability Advisory
Our Sustainability Advisory team works with clients to accelerate their sustainability journey through innovative and pragmatic solutions.
-
Asset management Asset management of the futureIn today’s global asset management landscape, there is an almost constant onslaught of change and complexity. To combat such complex change, asset managers need a consolidated approach. Read our publication and find out more about what you can achieve by choosing to work with us.
-
Internal Audit Maintaining Compliance with New EU Pension Directive IORP IIOn 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
-
Risk, Compliance and Professional Standards FRED 82 – Periodic Updates to FRS 100 – 105The concept of a new suite of standards for the UK and Ireland, aligning with international financial reporting standards, was first conceived in 2002
-
Audit and Assurance Auditor transition: how to achieve a smooth changeoverAppointing new auditors may seem like a daunting task that will be disruptive to your business and a drain on the finance function. Nevertheless, there are a multitude of reasons to consider a change, including simply seeking a ‘fresh look’ at the business.
-
Corporate Tax
Our Corporate Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic and international clients; covering Corporation Tax, Company Secretarial, Employer Solutions, Global Mobility and Tax Incentives.
-
Financial Services Tax
The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
-
International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
-
Private Client
Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand that each individual’s circumstances are different to the next and we tailor our services to suit your specific needs.
-
VAT
Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
New research is revealed in Grant Thornton global report
Cybercrime is costing the Northern Ireland economy almost £100 million per year, new research from business advisory firm Grant Thornton has revealed.
The startling figure was announced in Belfast today at the official launch of the findings from Grant Thornton’s International Business Report (IBR), a global survey of over 2,500 business leaders in 36 economies.
The largest cost to the Northern Ireland economy is that of traditional crimes becoming ‘cyber’ – crimes that were traditionally offline and are now online – which stands at £45.51m. This includes tax fraud (£37.7m), welfare fraud (£6.14m) and tax filing fraud (£1.67m).
The survey also revealed that copyright infringing software has an average annual cost of £19.13m locally, with cybercrime clean-up costs totalling £12.5m and copyright infringing music costing £1.35m.
The annual cost of cybercrime to the Northern Ireland economy is £98.71m, compared to a cost of £451.76m to the Irish economy as a whole and £173,214m globally.
Mike Harris, Partner, Cyber Security, Grant Thornton, presented the findings in the advisory firm’s Belfast city centre offices today following a presentation to an audience of leading lawyers at Grant Thornton’s breakfast seminar on cyber security for law firms.
He said:
“Cybercrime dominates media coverage and Northern Ireland is no different. Data breaches, online fraud, copyright and patent infringements are costing the Northern Ireland economy almost £17 million annually in the clean-up process. That doesn’t include the downtime in business operations and systems.
“With computers being used to perpetrate fraud and cyber-attack they also hold the evidence.
“Grant Thornton is offering private and public sector organisations an all-island, one stop shop, from e-discovery to support litigation and investigations to computer forensic services in proving digital frauds such as digitally manipulated or deleted documents.
“Financial crime is increasingly perpetrated by cyber-attack and our clients need assistance to establish the facts, investigate the issue and assess the insurance position.”
On a global level, one in six businesses surveyed have suffered a cyber-attack in the last year, with nearly half of all firms putting themselves in the firing line with no comprehensive strategy to prevent digital crime.
The Grant Thornton IBR survey also revealed that, globally, the sector most concerned by the threat of a cyber-attack is financial services, with 74% of businesses saying it is a threat. Transport firms are the least concerned – just 27% perceive it as a threat.
Detective Chief Inspector Douglas Grant, of the PSNI Special Investigations and Cyber Crime Centre, was also speaking at Grant Thornton’s breakfast seminar on cyber security for law firms.
Commenting on the report, DCI Grant said:
“This report highlights the need for businesses at every level to protect themselves from the threats posed by cybercrime. Police are committed to investigating reports of online criminality but in many cases the damage has already been done. We need a collective approach to dealing with this type of criminality and protecting businesses from becoming victims.
“I would encourage businesses, whatever their size, to take pre-emptive action by signing up to Cyber Essentials, a Government-backed scheme which provides clarity on good, basic cyber security practice.
“I would encourage companies to join the Northern Ireland section of CiSP, a joint industry and government scheme which enables its members to exchange information on threats and vulnerabilities as they occur in real time.
“Local businesses can also report cybercrime online. Go to the PSNI website www.psni.police.uk and log details about cybercrime by clicking on the icon on the homepage.”
Paul Jacobs, Partner, Head of Forensics and Investigation Services Ireland and Global Cyber Security leader, said:
“With data and its storage increasingly playing an important role in business, it has become a valuable commodity which is spawning the rise in cybercrime and the associated financial implications to organisations across Northern Ireland.
“In an effort to assist firms identify breaches and investigate effectively, Grant Thornton offers a range of services including forensic accounting and expert witness reports, computer forensics, e-discovery, cyber security and asset tracing.”
The launch of the IBR findings follows the recent opening in Belfast of Grant Thornton’s new Forensics and Investigation Services Unit, which provides the full spectrum of capabilities.
Richard Gillan, Managing Partner of Grant Thornton Northern Ireland, said:
“Grant Thornton has been the market leader in forensics in the Republic of Ireland for many years. The establishment of the Forensics and Investigations Unit in our Belfast office has leveraged this expertise and strengthens our proposition to both new and existing clients.
“This is an important step for the firm in Northern Ireland, which is experiencing significant growth and has ambitious expansion plans going forward.”