September 24, 2020

Bonus Watch ’12: Grant Thornton Auditors Who Manage to Ignore Their Wicked Impulses

Question for the auditors in the crowd – have you ever come across a nefarious situation in your career and thought, "You know, if doing the right thing were to pay better than doing the wrong thing, I'd walk away from this client in a second."?  

Of course you have. That's pretty much the norm in the contemporary age of a capital market servitude. Well, Grant Thornton International CEO Ed Nusbaum aims to change that. Eddie believes that auditors can still "do more" and to think otherwise is a "cop-out." Of course sometimes "more" requires "more." Luckily, the Baumer can address that as well:

“I have given very substantial bonuses to people for walking away from a potential problem,” he said during a stop in Toronto for an event at Grant Thornton’s Canadian operations. “This was very well received. Paying bonuses for doing the right thing is as important as paying bonuses for any part of the business.”  

Doing the right thing is hard. Being bribed to do the right thing will be a little easier. Doing the right thing for a bonus will be a little easier. 

'Cop-out' to say auditors can’t do more: Grant Thornton CEO [NP]

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

How Are Public Accounting Salaries Stacking Up for 2021?

You know fall is right around the corner when Robert Half releases its latest Accounting & Finance Salary Guide, and the 2021 edition is now available for download. But be warned: Due to everyone’s favorite pandemic, starting salaries for public accounting positions are expected to *barely* increase next year. Of the five positions each under […]

Seven People at Grant Thornton Just Got Cushy New Industry Jobs

Well kinda. These seven veterans of the public accounting wars didn’t leave Grant Thornton for the greener pastures of industry as, say, a chief accounting officer, controller, or vice president of finance and accounting. Instead, they are the Purple Rose of Chicago’s newest leaders within the firm’s Industry practice. Here are the latest additions to […]