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Podcast The future of auditing: technology and AI

In this episode, Partner and Head of Digital Assurance Liam Te-Wierik explores how technology is assisting auditors, the guardrails to be considered when using these tools and his thoughts on future trends for the auditing profession.

Liam Te-Wierik

| 21 min listen | 09 Apr 2025

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Increasingly, Australians are seeing the benefits, advantages and flexibility of taking control of their own superannuation and retirement planning.

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Podcast The current economic landscape, tariffs and impacts on Australian manufacturing businesses

In this episode, Corporate Tax Partner Vince Tropiano, Global Trade Partner Richard Nutt and Innovation Incentives Director Simone Barker discuss the Australian economy and how tariffs are impacting Australian manufacturing businesses – and what they can do to mitigate risks.

| 26 min read | 22 Apr 2025

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In Australia, as with other developed economies, regulatory and market expectations regarding corporate transparency continue to increase.
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Through fit for purpose governance we enable our clients to make the appropriate decisions on a timely basis.
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We enable our clients to navigate and meet their regulatory and compliance obligations.

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Insight Superannuation trustees encouraged to address death benefit claim delays

Last week, the Australian Securities and Investments Commission (ASIC) released a report highlighting issues with the superannuation industry's handling of death benefit claims and the impact these have on grieving Australians.

Leona Goh

| 4 min read | 11 Apr 2025

Forensics

Our forensics team identifies and obtains relevant information, investigates the financial issue at hand and provides a clear, concise, sustainable opinion as...

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Our team advises at all stages of a litigation dispute, taking an independent view while gathering and reviewing evidence and contributing to expert reports.
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Our licensed forensic investigators with domestic and international experience deliver high quality results in the jurisdictions in which you operate.
Asset tracing investigations
Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.

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Insight Post-acquisition disputes: common issues and mitigation opportunities

Post-acquisition disputes can significantly impact the success of a transaction and the ongoing success of the businesses involved. Read about practical insights into common post-acquisition dispute issues and how to address them proactively, particularly through the financial due diligence and deal advisory process.

| 5 min read | 09 Apr 2025

Deals

Our team works with clients on all aspects of their deals to get the transaction done and implement the frameworks for long-term success.

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Mergers and acquisitions
Our mergers and acquisitions specialists guide you through the whole process to get the deal done and lay the groundwork for long-term success.
Acquisition search & strategy
We help clients identify, finance, perform due diligence and execute acquisitions to maximise the growth opportunities of your business.
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Our M&A team works with clients to achieve a full or partial sale of their business, to ensure achievement of strategic ambitions and optimal outcomes for stakeholders.
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Our operational deal services team helps to ensure the greatest possible outcome and value is gained through post merger integration or post acquisition integration.
Transaction advisory
Our transaction advisory services support our clients to make informed investment decisions through robust financial due diligence.
ESG and sustainability due diligence
As environmental, social, and governance (ESG) considerations become increasingly pivotal for dealmakers in Australia, it is important for investors to feel confident in assessing transactions through an ESG lens.
Business valuations
We use our expertise and unique and in-depth methodology to undertake business valuations to help clients meet strategic goals.
Tax in mergers & acquisition
We provide expert advice for all M&A taxation aspects to ensure you meet all obligations and are optimally positioned.

Related insights:

M&A Transactions in Australia Dealtracker 2025

M&A deal volumes are down, but industry deal composition suggests Australia’s M&A landscape has largely stabilised. IMs led the charge by deploying long-held capital, while IPOs are subdued – likely into the future. Industrials continues to be the sector driving activity, and SMEs again remain some of the most sought-after targets for acquisition.

Jannaya James

| 1 min read | 30 Apr 2025

Finance and funding

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Corporate finance
We provide effective and strategic corporate finance services across all stages of investments and transactions so clients can better manage costs and maximise returns.
Debt advisory
We work closely with clients and lenders to provide holistic debt advisory services so you can raise or manage existing debt to meet your strategic goals.
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Our team has significant experience in capital markets and helps across every phase of the IPO process.
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Backed by our experience accessing full range of available funding types, we work with clients to develop and implement capital raising strategies.
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We provide advice in accessing private equity capital.
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Our financial modelling advisory team provides strategic, economic, financial and valuation advice for project types and sizes.
Payments advisory
We provide merchants-focused payments advice on all aspects of payment processes and technologies.

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Insight Strategies for biotech growth in evolving times

The biotech industry faces significant challenges, including regulatory pressures, supply chain disruptions, rising costs and shifting investment landscapes.

| 5 min read | 18 Mar 2025

Insolvency

Our insolvency teams takes a proactive approach so our clients have access to more business turnaround options and retain the most value for all stakeholders.

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Voluntary administration & DOCA
We help businesses considering or in voluntary administration to achieve best possible outcomes.
Corporate insolvency & liquidation
We help clients facing corporate insolvency to undertake the liquidation process to achieve a fair and orderly company wind up.
Complex and international insolvency
As corporate finance specialists, Grant Thornton can help you with raising equity, listings, corporate structuring and compliance.
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Our Safe Harbour Advisory helps directors address requirements for Safe Harbour protection and business turnaround.
Bankruptcy and personal insolvency
We help clients make informed choices around bankruptcy and personal insolvency to ensure the best personal and stakeholder outcome.
Creditor advisory services
Our credit advisory services team works provides clients with credit management assistance and credit advice to recapture otherwise lost value.
Small business restructuring process
We provide expert advice and guidance for businesses that may need to enter or are currently in small business restructuring process.
Asset tracing investigations
Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.

Related insights:

Insight The rise in retail insolvencies

Rising costs, supply chain disruptions, and shifting consumer behaviour are pushing many retailers to the edge. Taking immediate action to reduce operational expenses and prioritise cash flow management can give businesses the breathing room they need. Retailers must adapt quickly to survive these challenging market conditions and avoid insolvencies.

| 5 min read | 22 Oct 2024

Restructuring and turnaround

We help clients identify and undertake restructuring and turnaround initiatives to preserve profitability and protect and recover value.

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Independent business reviews
Does your company need a health check? Grant Thornton’s expert team can help you get to the heart of your issues to drive sustainable growth.
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We help clients improve commercial performance, profitability and address challenges after internal or external triggers require a major business model shift.
Safe Harbour advisory
Our Safe Harbour advisory helps directors address requirements for Safe Harbour protection and business turnaround.
Corporate simplification
We provide corporate simplification and managed wind-down advice to help streamline and further improve your business.
Director advisory services
We provide strategic director advisory services in times of business distress to help directors navigate issues and protect their company and themselves from liability.
Debt advisory
We work closely with clients and lenders to provide holistic debt advisory services so you can raise or manage existing debt to meet your strategic goals.

Related insights:

Insight The rise in retail insolvencies

| 5 min read | 22 Oct 2024

Business services

We work with private businesses across Australia – and internationals looking to Australia for their investments and operations – on all accounting and...

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Business planning & strategy
Our clients can access business planning and strategy advice through our value add business strategy sessions.
Private business company secretarial services
We provide company secretarial services and expert advice for private businesses on all company secretarial matters.
Outsourced accounting services
We act as a third-party partner to international businesses looking to invest in Australia on your day-to-day finance and accounting needs.
Superannuation and SMSF
We provide SMSF advisory services across all aspects of superannuation and associated tax laws to help you protect and grow your wealth.
Management reporting
We help you build comprehensive management reporting so that you have key insights as your business grows and changes.
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We help with all financial reporting needs, including set up, scaling up, spotting issues and improving efficiency.
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We help you build and maintain a business forecasting and budgeting model for ongoing insights about your business.
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Our team of experts provide ATO audit support across the whole process to ensure ATO requirements are met.
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Our family business consulting team works with family businesses on running their businesses for continued future success.
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We help private business leaders efficiently structure their organisation for optimal operation and tax compliance.
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Our outsourced CFO services provide a full suite of CFO, tax and finance services and advice to help clients manage risk, optimise operations and grow.

Environmental, Social and Governance (ESG) and Sustainability

Having a considered and informed ESG response has never been more important for all organisations as we are seeing awareness of the elements of ESG continue to...

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ESG, sustainability and climate reporting
There is a growing demand for organisations to provide transparency on their commitment to sustainability and disclosure of the nonfinancial impacts of their business activities. Commonly, the responsibility for sustainability and ESG reporting is landing with CFOs and finance teams, requiring a reassessment of a range of reporting processes and controls.
ESG, sustainability and climate advisory
With the ESG and sustainability landscape continuing to evolve, we are focussed on helping your business to understand what ESG and sustainability represents and the opportunities and challenges it can provide.
ESG, sustainability and climate reporting assurance
As the demand for organisations to prepare information in relation to ESG & sustainability continues to increase, through changes in regulatory requirements or stakeholder expectations, there is a growing need for assurance over the information prepared.
ESG and sustainability due diligence
As environmental, social, and governance (ESG) considerations become increasingly pivotal for dealmakers in Australia, it is important for investors to feel confident in assessing transactions through an ESG lens.

Related insights:

Insight ASIC reminds small businesses about new sustainability reporting requirements

As the regulatory landscape continues to evolve, it's crucial for small businesses in Australia to stay updated on new compliance requirements. One significant area is sustainability reporting due to the Australian government's introduction of mandatory sustainability reporting requirements. While these regulations may not directly apply to small businesses, understanding their implications is essential for maintaining strong commercial relationships and ensuring future compliance.

| 5 min read | 30 Apr 2025

Consulting

Our consulting team supports its clients with hands-on and proactive advice on all aspects of their strategies for sustainable growth.

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Management consulting
Our management consulting services team helps you to plan and implement the right strategy to deliver sustainable growth.
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We provide financial consulting services to keep your business running so you focus on your clients and reaching strategic goals.

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Insight Could ‘gamification’ encourage the Rising Generation in family business?

In the dynamic landscape of family business and current economic environment, it’s critical to prepare the next generation to ensure they’re comfortable to take over operations.

Kirsten Taylor-Martin

| 5 min read | 17 Apr 2025

Asia

The growth gateway

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China practice
The investment opportunities between Australia and China are well established yet, in recent years, have also diversified.
Japan practice
The trading partnership between Japan and Australia is long-standing and increasingly important to both countries’ economies.
India practice
It’s an exciting time for Indian and Australian businesses looking to each jurisdiction as part of their growth ambitions.
Singapore practice
Our Singapore Practice works alongside Singaporean companies to achieve growth through investment and market expansion into Australia.
Vietnam practice
Investment and business opportunities in Vietnam are expanding rapidly, driven by new markets, diverse industries, and Vietnam's growing role in export manufacturing, foreign investment, and strong domestic demand.

Related insights:

Client Alert Consultation on foreign resident CGT rules commences

Treasury is taking steps to ensure fairer tax treatment for foreign resident investors by tightening Australia's foreign resident Capital Gains Tax (CGT) regime. Proposed changes aim to broaden the CGT base and enhance integrity, impacting infrastructure, energy, agriculture, and more.

| 6 min read | 07 Aug 2024

Industries

Agribusiness, Food & Beverage

Supporting the growth of ‘Australian Made’ in today’s markets

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Related insights:

Client Alert Unlock 2025: government grants update
If government grants are part of your 2025 strategy, take note of the available quarter one funding opportunities. With increasing inflationary pressures, government grants can be an essential alternative funding source for businesses with critical investment projects.

| 11 min read | 20 Jan 2025
Report Agribusiness, Food & Beverage Dealtracker 2024
Merger & Acquisition (M&A) and equity market activity in the Agribusiness, Food & Beverage (Ag, F&B) sector is undergoing a strategic shift, as investors have become more selective and increasingly cautious in response to global economic uncertainty.

12 Dec 2024
Client Alert Government Grants in FY25
As we embark on a new financial year, it’s crucial to take a strategic approach to understanding the government grants landscape.

Simone Barker
| 12 min read | 09 Aug 2024
Client Alert Consultation on foreign resident CGT rules commences
Treasury is taking steps to ensure fairer tax treatment for foreign resident investors by tightening Australia's foreign resident Capital Gains Tax (CGT) regime. Proposed changes aim to broaden the CGT base and enhance integrity, impacting infrastructure, energy, agriculture, and more.

| 6 min read | 07 Aug 2024

Energy & Resources

From an active natural resources M&A market, a growing energy and renewable energy market, to new technologies and export and trade agreements – we have the...

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Renewable Energy
Transformation through energy transition

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Insight Impact of retaliatory tariffs on Australian and New Zealand exporters

As of April 9, 2025, a minimum universal tariff of 10 per cent has been applied to all imported goods into the United States, while certain countries face higher reciprocal tariffs based on their US trade deficit.

| 6 min read | 17 Apr 2025

Financial Services

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Professional Services

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Supporting the sector to respond to economic and social shifts

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Our aim is to help you find a better, simpler, more efficient, and more profitable way of doing things to keep your business safe and help you grow.

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Our Key financial reporting developments services

Financial instruments

AASB 9 Financial Instruments replaced the legacy AASB 139 Financial Instruments: Recognition and Measurement effective for years ended 30 June 2019.

Leases

IFRS 16 is the first fundamental change in lease accounting in over a generation. It reflects a conceptual change that will impact the measurement of performance of all entities reporting in Australia, with varying degrees of impact depending on the nature of the market each entity operates within.

Revenue

AASB 15 replaces the legacy revenue guidance contained in multiple places (in particular AASB 118 Revenue) as the accounting standard applied to the majority of commercial transactions with customers.

Simplified Disclosure

AASB 2020-2 requires a fundamental change for companies that historically weren’t reporting entities. They are now required to prepare financial statements in Australia.

Financial instruments

AASB 9 Financial Instruments replaced the legacy AASB 139 Financial Instruments: Recognition and Measurement effective for years ended 30 June 2019.

Revenue

Leases

Simplified Disclosure

AASB 2020-2 requires a fundamental change for companies that historically weren’t reporting entities. They are now required to prepare financial statements in Australia.

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Merilyn Gwan

Partner & Head of National Assurance Quality

Contact Merilyn Gwan Learn more about Merilyn Gwan

Partner & Head of National Assurance Quality

Merilyn Gwan

+61 2 8297 2431

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Key financial reporting developments

Our Key financial reporting developments services

Financial instruments

Leases

Revenue

Simplified Disclosure

Financial instruments

Revenue

Leases

Simplified Disclosure

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