Professional standards

International audit methodology - Horizon

Horizon, Grant Thornton’s audit methodology, is designed to deliver a consistent standard of audit service to clients, no matter where they operate. Our audit teams therefore avoid the need to reconcile documentation from a patchwork of different tools.

Horizon features a partner-led process that focuses the audit effort in those areas of the financial statements that represent the greatest risk. Using Horizon to its best advantage requires understanding your business and the environment in which it operates. In addition to providing insight for making better risk assessments, this deep understanding places your audit team in a position to provide valuable advice and recommendations.

International audit tool - Voyager

To apply Horizon - Grant Thornton’s audit methodology, we use a new proprietary software tool called Voyager.

Voyager supports the Horizon audit methodology. Using Voyager, audit teams identify financial statement risks and link them to the processes and internal controls that you have established to address those risks. This enables our team to tailor an audit response that is appropriate to the assessed risks. Voyager also generates audit programs for 16 different industries that are customized for individual client situations and focused on your financial statement risk areas.

Voyager assists our audit teams in documenting, evaluating and testing of internal controls. As a result, it helps auditors to identify opportunities for strengthening internal controls.  

Our audit teams also use IDEA, a data extraction and analysis tool, to analyze large amounts of financial data, independently verify calculations, efficiently select samples and generate confirmations. IDEA enables auditors to extract and analyze data in a matter of seconds, resulting in a more efficient audit process that is less burdensome for our clients.

Global sharing platform of technical support - GTInet

The most up-to-date information, the best practice, and the latest technology could be shared through GTInet within Grant Thornton network with all the member firms across 124 countries, such as IFRS updates , software upgrading. Technical support and on-line training could also be realized through GTInet.