September 26, 2022

Grant Thornton Reports 5.4% Increase In FY 2019 Revenue, Still Gloating About Its 2017 PCAOB Inspection Report

Grant Thornton sent out a snoozer of a press release earlier today announcing that its fiscal year 2019 revenue totaled $1.9 billion, up 5.4% from $1.8 billion in 2018.

The only fun thing in the release is that GT is still taking a victory lap over its 2017 PCAOB inspection report, which found that only 18% of the firm’s 34 audits conducted in 2016 had deficiencies.

GT gloated:

Grant Thornton delivered on its commitment to quality; the results of the firm’s latest regulatory report reflect audit quality among the best in the accounting industry.

So with 2019’s results in the books, the Purple Rose of Chicago remains the sixth-largest accounting firm in the U.S., behind the Big 4 and RSM US, which recently reported $2.4 billion in revenue in 2019, and ahead of BDO USA, which announced last week that its revenue totaled $1.64 billion.

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