Our dedicated Financial Services team has allocated its experience and internal resources in order to respond timely and effectively to our client needs and expectations. Our services to banks and securities include:

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Assurance services 

As auditors, we believe in adding value through the audit process by taking a business approach to the audit engagement. While our primary responsibility will be to conduct our audits in accordance with generally accepted auditing standards, we understand that our clients are seeking more than just an audit report – you are seeking a professional services provider. Our customized assurance services will provide you with:

  • an approach that recognizes your strategic imperative,
  • a clearly defined audit strategy, developed in conjunction with you  throughout the engagement, and
  • an audit plan which is right-sized, risk-focused and aligned with our auditing experience in this sector

Our audit and assurance services refer to the:

  • Audit of financial statements (annual/ interim, consolidated/ separate)
  • Related assurance services (such as review of financial statements, review of prospective financial information, issuance of Comfort Letters etc.)
  • Tax audits according to ministerial decision 1159/2011
  • Assurance services other than audit based on agreed upon procedures
  • Asset Quality Reviews on credit and/ or securities portfolios
  • IFRS valuations
  • Review of capital adequacy

Regulatory and compliance services

Financial services businesses operate in an increasingly complex and heavily regulated environment.Every day new rules are established and frameworks get updated. As the supervision of the sector has been significantly increased during the last two years and as reviews and inspections are been conducted by the Regulators more frequent than the past, our FS expert team is capable to support you via several ways to ensure you comply with the changes of regulatory and to retain your overall regulatory compliance. Our Regulatory services are mainly related to:

  • Monitoring Trustee Services
  • Review of compliance regarding various frameworks such as: Basel III as well as CRR/ CRD IV requirements, BoG Governor’s Act 2577/2006 (as it is in force) for the 3year Internal Control System’s assessment, Anti-Money Laundering(AML) framework, Regulatory reporting (such as the regulatory statements required by BoG Act 42/2014), MifiD, Review of SSM reporting requirements
  • Compliance Gap Analysis regarding current and new frameworks such as Foreign Account Tax Compliance Act (FATCA)/ European Market Infrastructure Regulation (EMIR)/ Basel III /
  • Preparation of a roadmap for new IFRS implementation such as IFRS 9
  • Corporate Governance assessment 
  • Agreed upon procedures regarding the contribution to the ASE member’s Guarantee Fund
  • Compliance consultancy in the frame of the preparation  of a company internal regulation ,policy or internal processes manual

Advisory services

Grant Thornton's multi-disciplinary Financial Services team uses its deep knowledge of the sector to provide robust, independent and professional advice on today's most important issues.Grant Thornton financial advisory services indicatively include the following:

  • Transactional advisory services
  • Operational Improvement
  • Other Consulting Services

Tax & Outsourcing services

Globally, tax affairs are facing an increasing scrutiny and new regulations continuously emerge. Additionally, financial services organizations can transfer certain activities to third-parties in order to reduce cost and increase efficiencies.

Our tax and outsourcing services are related both to tax consulting and full outsourcing services which indicatively include the following:

  • Tax Consulting Services
  • Outsourcing Services