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Privacy and Data Protection
Our digital risk team is made up of a combination of subject matter experts and technical specialists who can help your business comply with the GDPR.
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Governance, Risk and Compliance (GRC)
While business goals and strategies evolve, our services support you wherever you are in your business cycle. The digital economy is simultaneously increasing the magnitude of new business opportunities while increasing the difficulty of getting it right.
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ISO 27001 and ISO 27701
Grant Thornton’s ISO 27001 and ISO 27701 specialists will arrange and oversee the formal audit process.
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SOC 1,2,3
As a service organization there are many ways to provide assurance to your customers and in turn other stakeholders over your control environment. One of the most effective and cost-efficient ways is to issue a Service Organization Control (SOC) Report.
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Incident Response
Grant Thornton’s Cyber Incident Response Team can support your business in the event of a cyberattack or data loss event. We work alongside your existing IT and Legal teams to provide a co-ordinated, timely and efficient investigation and remediation.
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Hacking Services
At Grant Thornton, our cyber security experts can develop a bespoke penetration testing plan to meet your business needs and unique IT environment. We can undertake the full suite of testing or conduct individual assessments, as required.
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Cyber Health Check
Approximately 54% of organizations report that they have experienced at least one cyber-attack during the past year. Grant Thornton’s cyber health check provides you with an objective, jargon-free assessment of your current cyber security, drawing on both qualitative and quantitative elements.
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Dark Web Threat Intelligence
We use a variety of dark and deep web monitoring tools that continuously scans illegal sites to discover any mention of your data, ranging from breached security credentials such as usernames and passwords to leaked confidential documents of your company.
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Digital forensics and electronic discovery
We offer a full suite of digital forensics and data acquisition services in investigations related to cybercrime, disputes, fraud and regulatory investigations.
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Insolvency
If you're facing a time of personal or corporate financial crisis you need advice from someone who listens, who understands your specific issues and deals with them in a supportive and sensitive manner.
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Crisis stabilisation and turnaround
In periods of financial distress, management teams often face considerable challenges, with many directors having little or no experience of similar conditions.
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Operational and financial restructuring
Companies challenged by underperformance often need support in identifying options for financial or operational restructuring. Tapping this type of advice helps them create a stable platform for business turnaround.
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Accelerated M & A
Even fundamentally sound businesses run into difficulties. Cash flow can come under pressure from the loss of a big client, or a dip in performance can threaten a breach of banking covenants if there is insufficient headroom.
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Indirect Tax
Our experienced VAT specialists are available to assist companies and entrepreneurs of all industries and sizes in meeting their obligations.
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Direct Tax
We can help you ensure a bespoke balance between tax compliance and effective tax planning for your special circumstances.
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Ημερίδα Γνωριμίας με την Grant Thornton Κύπρου
Σας προσκαλούμε σε μια μοναδική ευκαιρία να γνωρίσετε την Grant Thornton Κύπρου! Την Τρίτη, 5 Νοεμβρίου 2024, θα έχετε τη δυνατότητα να συναντήσετε την ομάδα μας, να ενημερωθείτε για επαγγελματικές ευκαιρίες και να εξερευνήσετε πιστοποιήσεις όπως ACCA.
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Life at Grant Thornton
At Grant Thornton Cyprus, we are taking a holistic approach and reimagining the way we work, continually assessing it and making necessary changes to better support our people.
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In the community
Unlocking the potential for growth in our local communities.
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Diversity and inclusion
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
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Global talent mobility
One of the biggest attractions of a career with Grant Thornton Cyprus is the opportunity to work on cross-border projects all over the world.
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Learning and development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day.
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Our values
We are a values-driven organisation and we have more than 56,000 people in over 140 countries who are passionately committed to these values.
Building business resilience in response to COVID-19
17 Mar 2020With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. By remaining agile and alert, business leaders can take steps to build resilience into their operations and mitigate the impact.
These are some key focus areas for businesses:
Workforce
Review your key internal policies, including your sick pay system, health and safety rules, travel policies and how your employment contracts would cover forced absences from work.
Employees need to know where they stand and they trust messages from their business leaders – tone, accuracy and relevance can make all the difference to behaviour. Clearly communicate what your people should do if they feel unwell and tell them what is happening with travel bans, sick leave, homeworking, hygiene measures, annual leave and strategies to keep the business operating effectively.
Customers, suppliers and stakeholders
It's worth being proactive and engaging with your stakeholders early. Make sure you plan for the unexpected consequences of the coronavirus on your business. Think about whether you will have the working capital for when activity picks back up.
Inform your clients and customers of any changes to your services. Customers may need extended terms from you and some suppliers might require different arrangements.
Communicate early and often with your suppliers and check in with your stakeholders. Note too that a supplier’s supplier may face issues that have a knock-on effect on your business, so do your research carefully.
Tax and audit
With coronavirus having an impact on your profits and cashflow, you may need extra time to pay any outstanding tax debt. Enquire about whether you could get a loan or grant, or claim a business rates relief discount, to see you through the worst of the outbreak.
Think about if employee absence could cause you to miss a deadline to file. You may be able to delay audit dates or make arrangements for an audit using a virtual (off-site) approach. Perhaps you will need to reschedule, given the uncertainty.
A 'wait-and-see' approach is being taken by most governments in response to the impact on tax filings and tax changes in response to the economic effects of the coronavirus. While a handful of countries have extended tax filing deadlines to ease the compliance burden for taxpayers during this challenging time, many more have yet to announce changes and the situation is fluid and changing day by day.
Expatriate tax implications from COVID-19
Business continuity
Despite the existence of business continuity plans, coronavirus has exposed gaps. You need to check you have sufficient resources and supplies to outlast the pandemic and whether you have space to store them.
Prepare for shortages and price volatility in products and goods not for resale.
Ensure your cyber risk policy is up to date and that it has be communicated to your employees.
Your IT network needs to have the capacity and bandwidth for your whole team to work from home at the same time. If there are large numbers of staff absences, your IT staff will may struggle to cope.
Cashflow and insurance
With changes and delays to your service, as well as falling customer demand, cashflows may be strained. If so, speak early to your finance suppliers about additional headroom and relaxing operational covenants.
Take a look at the insurance cover you have, and whether you have a legitimate claim for this kind of disruption. Similarly, perhaps a successful claim could be made against your business for the cancellation of services or goods.
Remain optimistic
The mid-market has always been uniquely resilient and companies are used to preparing for business interruptions. Those that can develop plans and successfully bolster themselves will be ready to re-bound when the pandemic has eased.
If you’re working through how to adapt to the evolving crisis and have questions about the impact of coronavirus on your business, you can discuss your concerns with one of our experts.
Monitor the situation
The Coronavirus COVID-19 situation continues to evolve and the advice to businesses on how to respond is constantly being updated. Make sure you keep up to date with credible news sources and speak to us to discuss concerns and mitigations on your business.