January 17, 2019

Grant Thornton

Grant Thornton Topped $5.4 Billion in Global Revenue in 2018

It’s a dynamic time to be a GTer (unless you work in the U.K.), as Grant Thornton International announced this week that its network of firms around the world combined to reach a record $5.45 billion in revenue for the financial year that ended on Sept. 30, 2018. Global revenue grew 9.4% in U.S. dollar […]

Patisserie Holdings Said It Was Hiring an Audit Firm That No Longer Exists to Replace Grant Thornton U.K. as Auditor

It’s the Friday before Christmas, and when you have a bad case of holiday brain, sometimes mistakes can happen. Sometimes these mistakes can be hilarious. Like this one from Patisserie Holdings, parent company of U.K. coffeehouse chain Patisserie Valerie: Patisserie Valerie mistakenly says it has named RSM Tenon as its new auditor… RSM Tenon collapsed […]

An 8% Drop in Pay Might Be the Reason Why Some Grant Thornton U.K. Partners Were Pissy at CEO

We’re just spitballin’ here. From Economia: [Grant Thornton] said on Friday its average profit per partner fell 8% from £403,000 to £373,000 in 2017/18. Ouch! Of the top six accounting firms in the United Kingdom, this puts Grant Thornton sixth, by quite a bit, in average partner pay for the 2017-18 financial year: Deloitte: £832,000 […]

Grant Thornton U.K. Gets a New CEO

Good morning/afternooon, gang. We have some news to share from across the pond, as Grant Thornton has appointed a new CEO to replace Sacha Romanovitch. We are pleased to announce that Dave Dunckley has been ratified as our new CEO elect. His focus will be to create an organisation which powerfully connects a clear social […]

Grant Thornton CEO Mike McGuire Will Hang Around For a Few More Dynamic Years

While Grant Thornton U.K. is actively looking for a new CEO to replace Sacha Romanovitch, who is quitting after being stabbed in the back by a group of anonymous partners, everything is hunky-dory at Grant Thornton LLP, where the U.S. firm has decided to keep its current czar around for a little while longer. A […]

Anonymously Bashing Your Boss Must Have Worked as Grant Thornton U.K. CEO Is Calling It Quits

A small group of Grant Thornton U.K. partners must have been grinning from ear to ear on Oct. 15 after hearing the news that Sacha Romanovitch has decided not to seek a second term as the firm’s CEO. A new CEO is expected to be appointed before the end of 2018 following an election process in […]

Grant Thornton Posts Revenue of $1.8 Billion in Fiscal Year 2018

[Updated with quote from Grant Thornton spokesperson.] The Purple Rose of Chicago put out a very skimpy press release this morning announcing that the U.S. firm’s revenue hit $1.8 billion for the fiscal year that ended July 31, 2018, up 3.4% over last fiscal year. And … that’s pretty much it. Not even a mention […]

Some Grant Thornton U.K. Partners Are Trying to Undermine CEO, Say She Is Pushing a ‘Socialist Agenda’

Grant Thornton U.K. CEO Sacha Romanovitch isn’t very popular with a small group of partners who say she is pursuing a “socialist agenda” and has instilled a “culture of fear” at the firm where there are severe repercussions for speaking out, according to a Sept. 21 Financial Times report. Romanovitch, who became the first female […]

FRC Didn’t Want Grant Thornton U.K. to Feel Left Out of All the Disciplinary Fun

The Big 4 firms in the U.K. have been the target of repeated tongue-lashings from the Financial Reporting Council lately because, let’s face it, audits have been pretty damn bad. Things have gotten so desperate that EY is bringing in behavioral psychologists to improve audit quality. But the U.K. accounting watchdog’s most recent tongue-lashing wasn’t […]

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Grant Thornton Admits 32 New Partners and Principals

This just in from the Purple Rose of Chicago: Grant Thornton LLP has admitted 32 new partners and principals, and promoted 29 to managing director, effective today. Specifically, 20 new partners and 12 new principals are members of the class of 2018. Here’s how this year’s numbers compare to previous years’ new partner/principal promotions at […]

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Grant Thornton Gets Dinged for Giving Partners with Audit Quality Issues More Work

The Public Company Accounting Oversight Board has announced a big settlement with Grant Thornton over quality control violations and audit failures. The firm was censured and agreed to pay a $1.5 million civil penalty. The quality control violations related to the assignment of two Philadelphia-based partners to audits in 2013 when they had been cited […]

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Grant Thornton Admits 39 New Partners and Principals

Who are the new Grant Thornton partners? Glad you asked. The firm announced them earlier today along with new principals and managing directors, as is customary for the Purple Rose of Chicago. If you like to parse these things out, then it breaks down as: 27 partners, 12 principals and 28 managing directors. In the […]

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Grant Thornton Making Some Tweaks to Its Unlimited PTO Policy

Last time we checked on Grant Thornton’s unlimited PTO policy, we learned that it was having at least one desired effect: people were taking more time off. The median number of PTO days taken jumped from 17.4 to 19.1. However, the comments from that article suggested that things were getting a bit out of hand. […]

How’s Grant Thornton’s Unlimited Vacation Policy Been Working Out?

Last year, the only second-tier accounting firm not cool enough to go by its inititals, Grant Thornton, announced a new paid-time off policy that would allow its employees to take unlimited vacation. Although GT employees seemed happy with the idea, the move was met by skepticism here and elsewhere.

Grant Thornton Offers Unnecessary Reminder

#ElectionDay fact: Hillary Clinton and Donald Trump are two of the most unpopular candidates in history>> https://t.co/bjeXFC2rpV — Grant Thornton (@GrantThorntonUS) November 8, 2016 Thanks, GT.

Don’t Pretend That the Presence of Three Grant Thornton CEOs Had Nothing to Do With a Cubs Victory

The first Cubs World Series win at Wrigley Field in 71 years wasn't just going to happen. The three CEO's of Grant Thornton since 2001 at the World Series tonight! Go Cubs! pic.twitter.com/jhf2lVgDba — J. Michael McGuire (@mikemcguireCLT) October 31, 2016

Accounting News Roundup: Grant Thornton’s Reprehensibility and Common Sense for Auditors | 09.23.16

Grant Thornton's reprehensibility Here's an interesting report from Courthouse News Service that discusses Grant Thornton losing a tax shelter case based on a leveraged distribution 301 transaction or Lev301. A Lev301 involved "a foreign corporation [borrowing] money to buy U.S. Treasury notes before transferring the notes to corporate shareholders in the U.S." GT recommend the […]

Grant Thornton Admits 47 New Partners and Principals

Grant Thornton announced its new partner class yesterday and while this year's group was slightly smaller than last year's class of 50, it's still far larger from those in recent years. There were 32 new partners admitted in 2014, 30 in 2013, 27 in 2012, 26 in 2011 and 22 in 2010. Here's the newly […]

Grant Thornton CEO Does His Best Ferris Bueller Impression

Mike's just blowing off work to see a Cubs game: Our @mikemcguireCLT put on his #Cubs hat + took to the mound to throw out the first pitch. #LetsGo pic.twitter.com/kl0fPlFsyC — Grant Thornton LLP (@GrantThorntonUS) August 5, 2016 Ball? Strike? Wild pitch? If you were there, get in touch to let us know how he […]

Here’s Your Open Thread for Grant Thornton Compensation Discussions (2016)

Grant Thornton saves its compensation discussions for the dog days of summer. My hunch is that they like sharing disappointing news when people are feeling lethargic and unwilling to make too much of a fuss over a raise that barely keeps up with inflation.

Grant Thornton Hoping to Bring Soul-Crushing Disappointment to Charlotte Hornets With New Sponsorship

Grant Thornton recently became a multi-year sponsor of the Charlotte Hornets basketball team. The deal will afford them several perks including "leasing a suite at Time Warner Cable Arena, advertising courtside and putting the firm’s name on a private club near the home locker room." It's a great deal for GT; a sports franchise — […]

What’s On Your Audit Partner Disclosure Wish List?

Earlier this week, we learned about a couple of Grant Thornton audits that were less than perfect. The partner on those engagements, Melissa Koeppel, had a poor track record with four restatements in two years, including the one that resulted from the infamous Koss Corporation fraud. No one outside of Grant Thornton had knowledge of […]

Fake Occupants Caused Some Some Problems in Grant Thornton’s Audit of Assisted Living Concepts

The SEC announced a settlement with Grant Thornton and two partners today over some bad audits that went down in America's Dairyland. The firm will pay $3 million in fines, plus forfeit $1.5 million in audit fees with interest. The partners, Melissa Koeppel and Jeffrey Robinson agreed to a $10k fine and a 5-year ban and $2.5k and 2-year ban, respectively.

Grant Thornton: New Unlimited PTO Policy Not Designed to Get People to Take Less Vacation

As you've all heard by now, Grant Thornton will be launching an unlimited PTO policy starting November 1. The firm documented its employees' surprise to the move and it is surprising since less than 1% of companies offer unlimited vacation. Not only that, but the Purple Rose of Chicago will be the only major accounting […]

Grant Thornton Demonstrates Its Instinct for Diversity in Its Paid Time-Off Video

Grant Thornton’s video announcing their unlimited paid time off policy was exceptional cinema. For starters, everyone in the video looks very uncomfortable — like they weren’t sure if they were giving feedback on company policy or making a sex tape with a tax manager. It’s also clear that the people who were ambushed in the […]

Grant Thornton’s Revenue Didn’t Take Time Off

The Purple Rose of Chicago earned $1.45 billion in the U.S., beating last year's haul of $1.35 bil. Judging by Mike McGuire's canned quote, everything is on the up and up: “Our financial results are a direct reflection of the value we’re providing to our clients,” said Mike McGuire, chief executive officer of Grant Thornton […]

Not-So-Fine Opining: High School Auditors, Grant Thornton’s Independence Problems, Close Family Members

This week we have three (!) stories to share of auditors behaving badly. Story #1 is Michael J. Moore of Las Vegas. Back in 2009, MJM was barred from being associated with a PCAOB registered accounting firm and suspended from practicing before the SEC as an accountant. The reason? Among other things, he issued audits […]

Grant Thornton Should Pay Its People to Take Vacation

Grant Thornton is getting into the surprisingly generous benefits act, announcing that it will offer its employees unlimited time off starting in November. They even shot this video of their people's reactions to the news: Those people seem genuinely surprised. That's kinda nice. Few companies offer unlimited PTO; this Bloomberg report says fewer than 1% […]

Deloitte Rules Chicago

And it's not even close! Over at Crain's, Claire Bushey reports on the pecking order of the largest accounting firms in the Windy City: In 2014, New York-based accounting giant Deloitte stood head-and-shoulders above other Big Four firms in Chicago, raking in fees totaling more than $76.5 million from companies here. In the local market, […]

Stephen Chipman Calling it a Career at Grant Thornton

Stephen Chipman, erstwhile CEO of Grant Thornton, blogger, romantic, inexperienced Chicagoan, incredibly unprepared Chicagoan, note writer, dynamic perpetual optimist etc. etc. is hanging it up after 34 years at the Purple Rose of Chicago:   Grant Thornton LLP announced that Stephen Chipman, senior vice chairman of Grant Thornton LLP, has elected to retire early from […]

Grant Thornton Admits 50 New Partners

Grant Thornton deified 50 new partners on August 1st, according to a firm press release. This year's class size dwarfs those from recent years; there were 32 new partners admitted in 2014, 30 in 2013, 27 in 2012, 26 in 2011 and 22 in 2010. Purple Rose of Chicago CEO Mike McGuire heaps on the […]

Judge Felt Compelled to Call Out Grant Thornton’s Extraordinarly Crappy Work

It's always amusing when a judge reprimands an accounting firm for sucking at its job. Usually it's due to some dumpster fire that auditors watched burn for too long, but today's bench slap came from a judge on Delaware's Court of Chancery in regards to some valuation work Grant Thornton performed: Vice Chancellor Travis Laster […]

Oops: Grant Thornton Lost an Audit Client Due to ‘Inadvertent Scope Creep’

Ahhhh, independence. The albatross around the neck of the audit profession. Or maybe that's the PCAOB. Or maybe it's the technology. Fuck, I don't know. If you imagine all the giant birds shitting on auditors, ugh, that's a horrific thought.

Here’s Your Open Thread for Grant Thornton Compensation Discussions (2015)

The last time we teased with talk of GT compensation, our tipster seemed impatient and harboring inflated expectations. Hopefully most of you McGuire Munchkins are either more patient or realistic about your comp news. Or perhpas you've adopted, "I don't care about money anymore," as your personal comp season motto. That'd be a fun surprise […]

Bonus Watch: Impatient Grant Thornton Employees with Big Expectations

This just in: Grant Thornton will pay out bonuses early this year (July 21). They will electronically disseminate salary and bonus information on July 14. All I'm saying is they better be good. Our tipster included an excerpt from an alleged message to the troops: At Grant Thornton, our people are talented, intellectually curious and […]

Grant Thornton Poaches a Deloitte Partner and Issues a Press Release, Part I

Grant Thornton has put everyone on notice that they've snagged Deloitte National Managing Partner for U.S. Government Affairs & Public Policy Jim Brady. He will become GT's Central Region Managing Partner effective August 1. Brady has had quite a career at Deloitte, serving in many similarly dynamic roles. Among them: National Audit Leader for Growth […]

Grant Thornton Has Starring Role in Marine Corps’s Snafu Audit

How's this for a Charlie Foxtrot: the professional services firm known as Grant Thornton (or, if you prefer, Golf Tango) is smack dab in the middle of the Pentagon's messy accounting. Reuters has the whole scoop but the long/short of it is this: last year the Defense Department announced that the Marine Corps "passed" its […]

Grant Thornton Not Gonna Let Some Rich Guy Drag Its Good Name Through the Mud and Get Away With It

You wanna get nuts? Come on, let's get nuts! Grant Thornton has filed a counter-claim against Vincent Tchenguiz for defamation after the property entrepreneur sued the accounting firm for £2.2bn and accused it of a conspiracy.  In documents filed at the London High Court on Tuesday, Grant Thornton denied Mr Tchenguiz’s claims and said it […]

We Learned Some Interesting Things From This Interview with a Former Accounting Firm CFO

CFO published a couple of Q&As with Michael Barton, the CFO of global law firm Goodwin Procter this week and they provide an insider perspective on professional services firms that most of us never hear about. Prior to joining Goodwin, Barton was the CFO of Rothstein Kass for about two years; he turned down an offer […]

Grant Thornton’s Hartford Office Will Need All the Comforts of Your Average Frat House

The modern office has changed. With companies like Google and Facebook throwing around perks like free sushi, bowling alleys, dog runs, a keg in every kitchen, full spa service, among other luxuries, businesses feel the need to keep up however they can.  Grant Thornton's Glastonbury office is currently shopping around space in Hartford and Frank Kurre, the […]

Grant Thornton Names New Big Cheese in Wisconsin

Don't have a cow. You won't have to learn a new name as Jeff Bradford succeedsJeff Robinson. Although if you suspect a Jeff nepotism in GT Dairyland, we wouldn't blame you. Incidentally, Bradford earned his Bachelor's and Master's at UT so if you suspect a Longhorn biaswithin GT, you can run with that, too. [MJS] 

PCAOB Inspection Report Gives Grant Thornton Another Swift Kick in the AS5

Just when you thought, "Boy, it's been awhile since I've seen a terrible PCAOB inspection report," here comes the PCAOB with a terrible inspection report. It's like Christmas! Well, for those of us who find this entertaining, anyway. For Grant Thornton, not so much. Out of reviews of portions of 36 audits, PCAOB inspectors found […]

UK Auditor Regulator Stops Short of Calling Grant Thornton Audits ‘God-Awful’

The PCAOB inspection report for Grant Thornton, while worse in susbtance, doesn't quite express the feelings of a regulator who expects a little more.  A report from the UK accountancy watchdog said it was “disappointed” to find that five of the eight Grant Thornton audits it reviewed required either improvements or significant improvements, a blow […]

Grant Thornton Sees Itself Out of American Realty Capital

"The accountant for eight nontraded real estate investment trusts managed by Nicholas Schorsch's privately held real estate manager, American Realty Capital, has resigned. Grant Thornton on Jan. 22 resigned as the independent registered public accounting firm for the eight REITs, including American Realty Capital Trust V, the last of the extremely popular ARC net lease REITs […]

Grant Thornton’s Philadelphia Office Gives a Purple Rose to Former Bachelorette Contestant

Where do you go in life after you've been eliminated from The Bachelorette? To Grant Thornton, natch. 42-year-old Sean Denham has 20 years of public accounting experience and most recently served as partner in GT's National Professional Standards group. He's most recently taken over for Wayne Kaplan as managing partner of the Philadelphia office: Denham, […]

Spotted: Chevy Belonging to Grant Thornton Refugee or Peeing Calvin

There's also a chance that this is a picture of one of Craig Haber's old cars. Don't want to rule out any possibilities. 

Grant Thornton to Have Rat Problem for Foreseeable Future

A little bad news for Grant Thornton today: The towering rat balloon—six to 25 feet tall, often dubbed “Scabby the Rat”—is a common and sometimes contentious sight. It’s a gimmick used most frequently by unions to protest employers, but the inflated rats have occasionally been used by unions to protest other unions and, in an […]

Grant Thornton Warns Alumni the Sky is Falling

We wish we could tell you why Grant Thornton sent out this email to their alumni list today, unfortunately we don't have any clue. Not even crazy speculation barely rooted in reality. Even our tipster, who presumably receives odd emails from Grant Thornton regularly as a member of the esteemed Grant Thornton alumni email list, […]

The Monthly Close: Grant Thornton Mayonnaise Sandwiches and Other Rejected Mascots

It's time once again for the ritual that is closing the books on Going Concern's prior month. Enjoy!

Grant Thornton’s Chosen Markets Netted the Firm Record-Breaking Revenue This Year

Not one to be left out of the "we made a metric shit ton of money this year, guys" party, Grant Thornton announced today the highest revenue in the firm's 90 year history. Considering a dollar could buy you a month's worth of groceries, a house, and a horse 90 years ago1, that's not saying […]

Let’s Play Spot the Spelling Error at Meet the Firms with Grant Thornton

This suspect was spotted at University of South Carolina: Wonder if GT is in the market for a proofreader?

Grant Thornton Has a Fight Song and It’s As Awful As You Might Expect

Grant Thornton is in the anniversary mood and wants its people to get on board, too. In that spirit, they are looking for staff to make their best GT fight song video. Show your Grant Thornton spirit!To help us celebrate our 90th anniversary, we’re pleased to launch Grant Thornton’s Got Talent — a contest in […]

Starry-Eyed Graduates in the UK Choose PwC As Britain’s Most Prestigious Employer

Another day, another ranking. Today's list comes courtesy The Times. For the sixteenth time, the Times has whipped up a list of the Top 100 Graduate Employers. By asking 18,336 graduates who left UK university in 2014"Which employer do you think offers the best opportunities for graduates?" the paper has awarded PwC with the top […]

Teamsters Deploy a New Weapon in the War Against Grant Thornton

Back in July, we learned that Teamsters were upset with Grant Thornton's downtown NYC office for hiring a moving company that was not paying prevailing wages for that area. To get their point across, Teamsters deployed their infamous giant rat to hang out in front of GT's office. Teamsters claim that GT's mover of choice […]

Which Big 4 Firm Audits the Most Large Accelerated Filers?

This is a question you've probably never asked yourself but now that you're here, you're dying to know. Our friends over at Audit Analytics broke it down and figured out not only which of the Big 4 audits the most large accelerated and accelerated filers but also how many of those filers are audited by […]

Grant Thornton’s Downtown NYC Office Still Has a Rat Problem

If Grant Thornton had any competitors, those competitors would be thrilled to see what's ongoing at Grant Thornton's downtown Manhattan office at 60 Broad. We wrote about the Teamsters' giant rat down there back in July but now we have photographic evidence. With bold print and underlining! Let's see what's going on: This makes us […]

Grant Thornton May Have Hosed Fire Engine Company Audit

It appears the Financial Reporting Council — the UK's answer to audit cops — is looking into a "minor" matter involving the company that owns London's fire trucks and former auditor Grant Thornton. The investigation is specifically aimed at financial statements ended March 31 2008 – March 31 2010 and "the preparation of financial information […]

Grant Thornton’s Interns Are Making Your Interns Look Bad

First, nourishing your body with food is totally overrated anyway. Second, seems like this is good practice for busy season, when you won't so much forget but be completely unable to unless you don't mind stale Twizzlers and team pizza lunch.   Our MVPs > MT @mfuadster: So focused on the Intern Case Comp that […]

Teamsters Get Dynamic With a Giant Rat at Grant Thornton’s Downtown NYC Office

It appears Teamsters are upset with Grant Thornton over GT's choice of moving company, and they brought their giant inflatable rat with them to go protest the office. Here is the warning from office MP Frank Kurre: Team: As you may be aware, there is currently a protest taking place by the International Brotherhood of […]

Grant Thornton to Employees: “Your Compensation Notice Is In the Mail”

We wondered why our premature Grant Thornton compensation thread was a tad crickety. Now we know. From our tipster: We just got a message from National HR regarding comp adjustments.  It appears that all comp adjustments will first be communicated via snail mail, as opposed to one-on-one conversations in with practice leaders.   In years […]

(UPDATE) Here’s Your Open Thread for Grant Thornton Compensation Discussions (2014)

This just in: GT has received performance ratings in the West Region (If not entire U.S.). Compensation talks are beginning for FY14. OH JOY, someone alert the media! Oh wait, we are the media. Well consider us alerted! Last year, the news was bad, even by Grant Thornton standards. We aren't sure what to expect […]

Grant Thornton Principal Clarifies That You Are Allowed To Call Your Boss a D-bag on Facebook

Does your firm have a social media policy? If no, should it? If it does, your firm would be wise not to cross the National Labor Relations Board, which has ruled in favor of workers subject to draconian policies, such as a hospital employee who called managers "douchebags." The code of conduct for the Michigan-based […]

Grant Thornton Picks Up a New Client in the Interest of Penny-Pinching

Perma-Fix Environmental Services, a "global provider of safe, compliant, and environmentally responsible nuclear services and radioactive waste management solutions," has swapped auditors, and gives quite the compelling reason for it in their 8-K filed with the SEC: On June 25, 2014, the Audit Committee of Perma-Fix Environmental Services, Inc. (the “Company”) approved the dismissal of […]

Grant Thornton Fails to Take Up the PCAOB’s Offer to Get Better at Auditing

The good news for Grant Thornton is that they managed to take remedial actions related to their 2010 inspection report and addressed criticisms to the satisfaction of the PCAOB. Cheers!  The bad news is that the same cannot be said for their 2008 and 2009 reports. The quality control remediation process is basically a way […]

Ex-Employee Chronicles Grant Thornton’s Gutting of CCR After Acquisition

A few Accounting News Roundups ago, Colin linked to a story about Grant Thornton's new tax hub in Bangalore. In that article, GT CEO Stephen Chipman enthusiastically declared his own tax return is prepared by Indians in Bangalore, which is fine for him. What Colin didn't highlight was this quote, in which Chipman declares hiring […]

Grant Thornton Names Mike McGuire CEO-elect

Today: J. Michael McGuire named CEO-elect of Grant Thornton U.S. http://t.co/LEviUIJtDh pic.twitter.com/qfKWTBpp4f — Grant Thornton LLP (@GrantThorntonUS) June 2, 2014 Looks like Grant Thornton opted for something other than a Costanza lookalike for their next CEO. According to a Grant Thornton press release, JMM assumes the role of CEO-elect immediately and will take over for Stephen […]

Grant Thornton Was Into Sarbanes-Oxley Before It Was Cool

When you think of hipsters, Ed Nusbaum probably isn't the first guy who comes to mind. But in a recent piece for Harvard Business Review, Nusbaum reflects on his humble beginnings working for his dad's hardware store and how Grant Thornton was ahead of the curve on SOX before there was even a curve to […]

Let’s Play a Game: Grant Thornton Partner or George Costanza Look-Alike?

You all may fondly recall a game we played awhile back called Accountant/Not an Accountant where you were tasked to look at a picture of a celebrity and guess if this person was an accountant (aspiring at one point or actual former number-cruncher) or not an accountant. That was kinda fun, no? The other day, […]

McGladrey, Grant Thornton, BDO Will Break into Big 4 By 2019, Says Guy on Twitter

People say a lot of crazy things on Twitter. I know I have. But this guy just said the craziest:

Looks Like Grant Thornton’s Much-Beloved Chief Marketing Officer is Out

We're guessing everyone who cares already knows. But just in case, here is the most thorough of the many tips we received on this news this afternoon: Today Grant Thornton's chief marketing officer, Tricia Conahan, shared two important announcements with the marketing and sales team. First, Michelle Mazur [sic] was promoted to the new head […]

According to This, Grant Thornton Is Finally Better Than PwC and Deloitte at Something

And no, it isn't performing crappy audits. The 2014 NAFE Top 50 Companies for Executive Women list is out and while EY and KPMG both made the list along with GT, you won't find PwC nor Deloitte ANYWHERE. Maybe someone should check 1955 and see if they're in the kitchen making us a nice pie. […]

Say Hello to Some Dynamic Grant Thornton Winterns

Welcome Southeast region Winter Class of 2014 #Interns from schools ranging from Baltimore to Miami! pic.twitter.com/9Xr3nbmzwX — GrantThorntonCareers (@GTCareersUS) January 15, 2014 Why is this in black and white? Did GT blow its entire color budget on its sharp purple marketing materials? Oh whatever. Congrats, you kids!

Let’s Congratulate Grant Thornton For Its Dynamic and Record-Breaking Audit Failure Rate

Colin put this in ANR this morning but it's the kind of thing that deserves a post of its own just to make sure you don't miss it and mock appropriately: The Public Company Accounting Oversight Board gave a failing grade to Grant Thornton on 65 percent of audits inspected in 2012, the highest failure […]

Grant Thornton Knows You’re Busy, So Have This Quick Holiday Card and Let’s Get Back to Work

Somewhat related but kind of a side note: when did video holiday cards become a thing? Anyway, here is Grant Thornton's entry for this holiday season. At a full 17 seconds, it clocks in as the shortest we've seen yet because ain't no one got time for a 2 minute holiday card video. Sadly, I […]

Grant Thornton Employees Break Out Dynamic Christmas Sweaters for Holiday Party

You'd all do well to follow this example for your respective office parties this season: Successful @GrantThorntonUS #atlanta holiday party last night. Tacky sweaters and all. @mmangrum1126 @griffinehunt pic.twitter.com/ZoE3BqEbKF — Christian Hyatt (@christianhyatt) December 13, 2013 Okay, guy on the left — we see that you phoned it in by just opting for a Christmas […]

Grant Thornton Isn’t Going to Take This $100 Million Tax Shelter Ruling Lying Down

See, and you guys say we never listen to you. This comes from this morning's open items thread: Is it true that Grant Thornton lost a $100MM lawsuit regarding tax shelters? Accounting Today has the best scoop I've seen so far on this matter: A Kentucky circuit court judge has ruled that Grant Thornton is […]

Someone With Lots of Spare Time Has Doodled Big 4 Stereotypes

Like 'em or not, stereotypes exist for a reason. For example, guys like Colin are always riding around on their bicycle and using high brow words to show how obscure their compendium of knowledge is. And cat ladies like me are always sporting cat hair on our t-shirts and talking about what our cat did […]

GT’s Chipman Will Stick Around Until the End of 2014 To Find a New Yet Equally Dynamic CEO

We need to clarify this situation before people start claiming everyone at GT is going to be fired and replaced with humanoids and/or shapeshifting lizards. As far as we know, that is not happening so just relax. What is happening is Stephen Chipman is aiming to hit the door at the end of 2014. Here […]

Blind Item: Something Might Be Going Down in Grant Thornton’s Marketing Department

We received this snazzy little item in the tip box and while it has not been confirmed, the commentary is so passionate that we can't help but think maybe just maybe this can be trusted. Names have been removed to protect the innocent: [Marketing Lady] says only 4 positions eliminated but does not mention the […]

Grant Thornton Feeling Good About Grant Thornton’s Effort

The Purple Rose of Chicago turned in a scorecard of $1.274 billion in revenue, up 5 percent, for fiscal 2013. And Stephen Chipman, for one, thinks that's a solid effort:    "Attaining record revenues in a still tepid economic environment is a testament to our long-term strategy of focusing on dynamic, mid-sized clients that are poised for […]

Grant Thornton Doubles Down Nationwide on Corporate Doublespeak

Color me baffled, maybe I haven't spent long enough digesting PRspeak. ??? Does culture then wash it down with a nice, cold glass of Kool-Aid? Grant Thornton is supposedly holding "All Hands" meeting in all 54 US offices today to ensure the staff are sufficiently brainwashed into thinking this actually means something. Not very dynamic […]

Oh Dear Lord, Grant Thornton’s Belfast Office Has a Willy Wonka Room

Grant Thornton is the most dynamic accounting firm known to man. Now, some of you might doubt this based on past revelations such as temp tatts, unoriginal taglines, and questionable advertising campaigns, but the following report out of the Belfast office will make you believe. We all know accounting firm offices can be, er, less […]

Ex-Grant Thornton Partner Sorry for Taking $4 Million That Wasn’t His

Craig Haber, who, after being a partner at Grant Thornton for 11 years, started helping himself to client fees, admitted today that what he did was wrong and he's sure sorry about the whole thing:   Craig Haber, who prosecutors said diverted money to his own bank accounts between 2004 and 2012, pleaded guilty to […]

Here’s a List of Grant Thornton’s Newest Partners

Stephen Chipman has bestowed 30 purple roses, saying, "Our partners and principals have demonstrated great value to our dynamic clients and to our firm through their technical expertise and passionate leadership." There's also 20 new managing director,s however they merely, "[help] our partners execute the firm's strategy." Sounds like a slap in the face. I […]

Grant Thornton Audit Partners Might Want to Read Those Opinions Just a Bit Closer

Call this is a GT service announcement (or something). A tipster informed us a little while ago that there were a couple of Purple Rose of Chicago audit opinions floating around that have an unfortunate typo. Titan International and Gentherm, Inc. filed 10-Ks in 2013 with Grant Thornton's name spelled wrong on the opinion – spelling it […]

Here’s Your Open Thread for Grant Thornton Compensation Discussions (2013)

Last month we put out the GT comp fluffer post and with raises effective on August 1st, I suppose it's about time we gave the dynamic tattooed masses the thread they've been waiting for.

Comp Watch ’13: At Least One Grant Thornton Dynamo Is Optimistic

On Monday, compensation kvetching season officially kicked off with PwC. Papa Whisk(e)y Charlie generally sets the tone for the rest of the summer and we see some firms adjust their plans accordingly. Of course there are plenty of firms that don't adjust their plans, but probably do so at their own peril.   ANYWAY. The PwC […]

Grant Thornton Is Movin’ On Up

We appreciate the fact that the firm is enthusiastic about their growth, but this is getting ridiculous: Grant Thornton LLP has relocated its Minneapolis office within the north tower of the US Bank Plaza at 200 S. 6th St. to floors 14 and 15. The total space leased is 31,484 square feet. Today is the first […]

Hiring Watch ’13: Grant Thornton Chicago on the Hunt for Forensic and Investigative Dynamos

Last Friday while I was poorly navigating North Carolina, a tipster passed along an enthusiastic message that he received from a Grant Thornton National Talent Acquisition bounty hunter. And from the sounds of it, GT wants some fresh faces in their forensics group:

An Ex-Grant Thornton Partner Has Been Charged with Embezzling $4 Million

Here's an interesting story about a fella by the name of Craig Haber. Craig became a partner at Grant Thornton in 1993. Around 2004, Craig decided to start helping himself to client fees that rightfully belonged to GT. This went on for a while. Approximately $4 million in fees from 2004 to 2012, to be […]

The PCAOB Has Conveniently Released 2011 Inspection Reports For Deloitte, Grant Thornton and Ernst & Young the Friday Before Christmas

Oh I bet you guys think you're slick for this one! Thanks so much for ruining my Doomsday. So here's what we've got. Let's start with Deloitte: The PCAOB identified a few particular deficiencies it didn't like: The inspection team considered certain of the deficiencies that it observed to be audit failures. Specifically, certain of […]

Grant Thornton Was the Most Dynamite Accounting Firm in 2012, Says Grant Thornton

Eddie Nusbaum & Co. put up a good number, $4.2 billion to be precise. That's 10.4% (USD) greater than last time around. That's pretty good. So good, the firm reports in its press release that "Grant Thornton led the six largest global accounting organizations in reported revenue growth rate for 2012." And that appears to be true. […]

Grant Thornton Partner Asked to Take a Seat

GT partners have elected Dave Wedding as the next Chairman of the firm's board. He was also recently appointed OMP of the Purple Rose of Chicago: Carolinas practice. As a native of Charlotte, part of his appeal, undoubtedly, was his charming North Carolina accent.* This should match Stephen Chipman's charming English accent quite nicely. Leadership […]

New Grant Thornton Cleveland Location Will Benefit Employees, Withering Plants

The Purple Rose of Chicago: Cleveland Edition officially opened the doors at One Cleveland Center today and OMP Dan Zittnan says that's exciting for all kinds of reasons including "enhance[d] productivity and development," as well as, "more efficient layout, access to natural light, increased multipurpose space and more effective collaboration rooms." So not only will […]

Grant Thornton Gets Its Name Out There

Starting in 2015, Grant Thornton will be moving into the Chicago Title & Trust Co. building but more importantly will get naming rights meaning that 161. N. Clark St. will be known as the Grant Thornton something. But what? GTower? The Chipman Center? Big GT? Presumably all of these plus whatever else you can come up […]

Recruiting Season: Is Inter-Big 4 Romance a Relationship Killer?

This week's Recruiting Season post is brought to you by the letters C, P, A and by numbers. Lots and lots of numbers. Have a question about accounting careers? Email us at [email protected]   All right, boys and girls, this is the last recruiting season post before we spill all the salary details on you. […]

Recruiting Season: Going Concern’s Guide to the Cultures of the Big 4 and Other Public Accounting Firms

Welcome to Tuesdays with More Anxious Accounting Recruits. Have a question about recruiting season? Email [email protected] with "Recruiting Season Questions" in the subject line. Just a friendly reminder – if you have received an offer from a public accounting firm, by all means, share your excitement with us. We've received a fair amount so far, […]

Grant Thornton Is Going Places

Everyone's favorite tattoo parlor, Grant Thornton, has announced its revenues for the fiscal year ended, July 31, 2012 and things went pret-tay, pret-tay, pret-tay good. The $1.212 billion was so good, in fact, that it was a record for the firm and CEO Stephen Chipman says everything is going to plan: Grant Thornton’s strategy is […]

Is There a Hidden Message in This Interview with Grant Thornton’s Stephen Chipman?

As we've mentioned on several occasions here, when the media profiles Big 4 bigwigs, the revelations are far less interesting than, say, a movie star-governor. If touchy subjects are addressed, they are glossed over fairly quickly to move on to charity work, perseverance, or family life. It's like a heart-warming after-school special. Grant Thornton CEO […]

Someone at Grant Thornton Thought a Client Needed Help Holding Their Balls

After dominating much of 2011, the past year has been bit of a downer for the Purple Rose of Chicago. Last September, Grant Thornton reached its apex when the firm was crowned king of the hill in Vault's 50. Unfortunately, they were shoved off the pile by Ernst & Young less than a year later and things […]