ExcaVATe is a bespoke process combining specialist data mining software with the experience and insight of our advisors to deliver a review built around your specific requirements. This analysis can identify cash saving opportunities as well as highlighting process and control weaknesses ExcaVATe uses methods similar to those used by HMRC undertaking reviews of this nature

1. VAT AssuranceVAT Assurance
Manage your risk and maximise your cashflow
How Grant Thornton can provide Assurance to your organisation
VAT Process review
An overall review of your VAT compliance with comparisons made to best
practice. The review would undertake the following activities:
Benefits
• A comprehensive end to end review of your VAT
compliance, analysing data flow from your accounting
source systems through to your VAT return
• Benchmarking against ‘best practice’
• The company could demonstrate it has taken
steps to pro-actively manage risk
• Identification of potential VAT savings and refunds
ExcaVATe VAT Systems review
• ExcaVATe is a bespoke process combining specialist data
mining software with the experience and insight of our
advisors to deliver a review built around your specific
requirements
• This analysis can identify cash saving opportunities as
well as highlighting process and control weaknesses
• ExcaVATe uses methods similar to those used by
HMRC undertaking reviews of this nature
• develop an understanding of your business processes and systems
• interview your people and review your documentation to map the processes
• analyse maps for risk points and potential exposures
• work with you to design and carry out diagnostics tests
• report throughout on our findings, risk issues and potential areas for further
review
• work with you to come up with practical solutions
• assist in the implementation of these solutions
• perform further testing to confirm implementations.
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