Promotion Watch ’23: Grant Thornton Elevates 75 New PPMDs
Last Thursday, Grant Thornton announced the blessed naming of 75 new partners, principals and managing directors, 21 fewer PPMDs than 2022’s record class of 96. Although overall PPMD promotions are down, partner and principal promotions are up at 43 this year versus 38 in 2022. Let’s take a look at historical partner and principal promotions […]
Grant Thornton’s 2021 PCAOB Inspection Report Wasn’t Too Bad
Of the six 2021 PCAOB inspection reports released before the holidays, we’ve so far taken a look at five: PwC, Deloitte, EY, KPMG, and BDO USA. The last of the bunch belongs to Grant Thornton. We didn’t save the best for last, but it’s not that bad either. From 2016 until its 2020 inspection report, […]
Grant Thornton and Five Other Firms Got Coal in Their Stockings From the PCAOB
The PCAOB added six audit firms—three international, including a KPMG affiliate, and three in the U.S., including Grant Thornton—to its 2022 naughty list on Dec. 22 for not making required disclosures on Form 3. If a PCAOB-registered accounting firm is a defendant or respondent in an administrative or disciplinary proceeding that was initiated by another […]
Grant Thornton’s Global Revenue Is On the Up and Up
Grant Thornton is the latest global accounting firm to announce “we made a shitload of money in 2022” when it released last week its revenue results for the most recent financial year: Grant Thornton International Ltd today [Dec. 14] announced its revenues grew to a record USD7.2 billion for the financial year ended 30 September […]
Grant Thornton Auditors Are Just Showing Off Now
It’s fair to say Grant Thornton auditors are no longer on the struggle bus. From 2010 to 2015, the Purple Rose of Chicago had an average audit failure rate of 44% in its PCAOB inspection reports during that time frame, including a whopping 65% worth of screw-ups in the firm’s 2012 report, which gave GT […]
Grant Thornton Poaches Someone From PwC and Issues a Press Release, Part II
With Mark Andrus retiring later this summer, Grant Thornton needed to find someone to succeed him as leader of the firm’s R&D Tax Credit Services practice. GT did, and he has Big 4 chops: Keith Nickels has joined Grant Thornton LLP as a Tax partner and national leader of the firm’s Research and Development (R&D) […]
Grant Thornton Cuts Ties With Pornhub After Everyone Realizes Pornhub Is Full of Abuse and Illegal Porn
So I was gaming with the boys the other day and my buddy asked the squad if we’d seen the stuff about Pornhub. What stuff about Pornhub, you ask? I have to admit that Pornhub isn’t among my multitude of Google alerts (PwC? Yes. Porn? Not so much), therefore as with many things my teammate […]
0.7% Is How Much Grant Thornton’s Global Revenue Grew In 2020
Any kind of financial growth during a global pandemic, the likes of which we’ve never seen, should be touted as a win. So it’s no surprise that Grant Thornton’s global PR team really hyped up the fact that GT’s revenue (barely) went in the plus column (unlike KPMG’s) for the 2020 financial year that ended […]
Grant Thornton’s Streak of Not Being Fined By the PCAOB Has Come to an End
It had been nearly three years since Grant Thornton ran afoul of PCAOB auditing rules and got caught—on Dec. 20, 2017, the Purple Rose of Chicago agreed to pay a $1.5 million penalty to the PCAOB for quality control violations and audit failures as a result of its shoddy auditing work for Bancorp. But GT’s […]
Grant Thornton’s Revenue Barely Moved the Needle In FY 2020
Because of the coronavirus pandemic, the petals on the Purple Rose of Chicago wilted some this year. Despite reporting a record high $1.92 billion in revenue for the fiscal year that ended on July 31, Grant Thornton’s revenue only increased 1% in FY 2020 over last year’s $1.9 billion. CEO Brad Preber commented: “Our success […]
Ex-Grant Thornton CEO Must Have Been Bored Because He Joined a Board
Mike McGuire, our favorite mustachioed retired CEO of Grant Thornton, must have had some extra time on his hands because he is the newest member of the board of directors at Charlotte, NC-based Akoustis Technologies Inc., a provider of bulk acoustic wave high-band RF filters for mobile and other wireless devices. McG is now the […]
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 […]
Promotion Watch ’20: Grant Thornton Admits 30 New Partners and Principals
Grant Thornton unveiled its 66 newest partners, principals, and managing directors on Thursday, and if we just take a look at the latest class of partners and principals, the number of purple roses that were handed out was a lot less than in previous years. Thanks, Rona. The group of 30 new partners and principals […]