Since their inception, GRT has used PriceWaterhouseCoopers (PwC) as their auditors and tax agents. The partnership gives GRT, and its distribution network, access to market leading financial advice and services, giving their clients confidence in these uncertain times.
The uncertainty in the global economy, and especially in the resource sector, is increasing the need for upstream players to partner with more stable service companies. Likewise, for distributors partnering with more stable suppliers. Such stability is well demonstrated by a firms accounting and audit partner, and there are none better than the “big 4” international accountancy firms.
Accountancy’s “big 4”; PwC, Deloitte, KPMG and Ernst and Young, have unrivalled reputations, they battle for top ranking in every major industry and market globally. PwC has been providing professional services to energy, utilities, and mining companies for more than 100 years. Their energy, utilities & mining practice alone, is comprised of more than 12,000 experts around the world.
The international nature of the resource sector demands local knowledge in multiple markets. Markets of operation are often diverse, and can include some of the richest and poorest nations in the world. While local accountants can provide a wealth of local awareness, international accountancy firms provide local knowledge, as well as consistency and cooperation over international markets.
With offices in 157 countries and employing more than 195,000 people, PwC are among the leading professional services networks in the world. They offer a full range of consulting, tax, financial and business assurance services in each of those markets. They are also able to call on extensive industry experience and knowledge of local experts in almost every corner of the world. Such high quality advisory services also provide PwC’s clients a high level of financial security, increasingly important in the world today.
Major firms in big industries such oil and gas, mining and infrastructure, are keen to create long-term partnerships with suppliers and service providers. Such long-term agreements demand a level of stability, which can be difficult to demonstrate for many companies. The use of a ‘big 4’ accountancy firm, such as PriceWaterhouseCoopers (PwC), goes a long way to providing the level comfort needed by multinational organizations.
GRT has long been seen as an innovator and market leader for road infrastructure services, a standing based on GRT’s ability to create durable waterproof surfaces on a wide range of soil types. The Queensland based firm’s insistence on using only the leading financial advisory, tax and audit service providers, creates a high level of financial reliability and honesty for their clients. As seen with GRT’s recent and groundbreaking cost benefit analysis, undertaken by Deloitte.
GRT goes another step further than its competitors with a distinctive distribution model. Whilst most infrastructure services use a network of sub-distributors, each with their own accountants and advisors, GRT maintains a network of direct distributors linked to its Australian head office. GRT’s distribution model means each distributor, across the world, has access to and reaps the benefits of PwC as their tax and audit partner.
GRT’s clients have reacted strongly to the consistency and reliability brought about by the firm’s distribution model and its partnership with accountancy leader PwC. As with the GRT’s innovative products and services, the use of market leading accountancy firm PwC, sees GRT continue to set new standards for the infrastructure service industry.
For more information regarding the PricewaterhouseCoopers (PwC) please contact Global Road Technology
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