Most entities today expect more than cost-efficiency from their audit. They want value-added service. Grant Thornton delivers both. We strive for our clients to view our audit as a value-added tool for helping the growth and development of their business, rather than a passive watchdog function. By focusing on your business and the risks you face, our approach not only helps provide a better audit, but also gives us a catalyst for constructive recommendations on your operations.

Entities selecting Grant Thornton to perform their audit are selecting an organization with a worldwide reputation for integrity and exceptional professional standards. Grant Thornton's reputation for independence, honesty, quality, and adherence to accounting and auditing standards is transferred to your financial statements when we sign our report on your statements. Our professional reputation is our most prized asset.

In the current business environment, both locally and internationally, there is an increasing level of importance being placed on compliance issues and requirements, for both private and publicly listed companies. These requirements range from statutory audits to corporate governance and stewardship issues. There are greater expectations of transparency and increasing requirements for disclosure.

This is particularly true for companies who wish to expand by obtaining a public listing, and it is equally true for organisations seeking to grow through the raising of capital in the public and private markets. At Grant Thornton we partner and help you to achieve your objectives. We recognise the needs of growing businesses and have tailored our services to produce the results you want.

The by-product of our work is not just an opinion on your audited financial statements. Potentially of greater importance to you and your business is the operational and management advice that we can provide to help improve and strengthen your accounting and operational functions in order to safeguard assets and exploit available business opportunities. Often we can make several recommendations just by walking through your warehouse or manufacturing operations, along with conducting some brief interviews with your key operational employees.

Innovative Use of IT
Grant Thornton has unparalleled commitment to developing leading-edge software tools and using technology to ensure your audit is not only effective, but also efficient. Our software tools were developed specifically to implement our audit approach. Again, our audit approach was developed specifically with middle-market clients in mind. Some of our tools include:

• Explorer, a software program developed to implement our risk-based and paperless audit approach.
• Data manipulation software, which allows direct access to data in a machine-readable format, facilitates review of entire data files or selected fields and performs calculations and useful audit functions
• CBEAM, our work paper generation package we use in audit planning, analytical procedures, and the production of work papers and financial statements.
• INFOCUS, developed to assist in documentation of a client's accounting system and control procedures.
• GATS software tools used primarily for audits of financial institutions.

The use of technology by GTI firms reflects the way their clients do business.

As information technology develops, GTI firms will continue to introduce new software and modify existing versions to maximise audit performance.

Technology allows us to reduce the time that was previously spent on various routine functions and enables us to extract and analyse data with a minimal amount of effort. As a result of this, we can concentrate our efforts on the business issues.

Our approach…
A good auditor will be a friend of the business, a person to bounce ideas off and a shoulder to cry on. Our approach is not that of a typical accounting firm which solely "looks in the rearview mirror" to see what happened last year.

Our audit approach is risk based; however, this approach is not used to avoid conducting appropriate audit procedures. Rather, we gain a thorough understanding of your business to focus audit procedures where risk is the greatest. We are also focused on the future and make every effort to add value to your organisation. Only by working in partnership with management can we help them recognise their strengths and weaknesses and identify the best way of grooming and growing their business. As no clients are excluded from this process and all our auditors use the same audit approach, we are able to deliver a highly effective audit efficiently.

Global coverage
Our audit methodology is applied consistently around the world. Whether your operations are located within Kuwait or are spread through the world, you can expect a consistent and uniform approach to the audit.

In summary

• Ours is a partner-led service where experienced specialists are involved in all stages of the process to ensure that what we deliver corresponds to your needs and expectations.
• We will assess your internal financial controls to result in better planning for the future of your business.
• Our focus is on understanding the important transaction cycles affecting your business.
• We employ the most advanced auditing techniques to assist in analysing the components of your financial statements.
• Whatever the size of company, wherever you operate in the world, we tailor our service to your immediate and longer term needs.
  

If you're looking for an auditor who will appear out of the blue once a year and produce the annual accounts then we can't help you. However, if you think there is more to the audit process than that, click here.

back to top