CHICAGO—Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd., today announced record revenues of $1.9 billion for the fiscal year ended July 31, 2019. The figure represents a year-over-year increase of 5.4 percent.
“We posted historic revenues last year – in part by doing what has always made us strong: Delivering exceptional value to clients through high-quality audit, tax and advisory services,” said Bradley Preber, interim CEO of Grant Thornton.
Preber also attributes Grant Thornton’s success to innovation: “By combining technology solutions with business knowledge, we’re helping clients drive efficiencies, lower risk and improve quality,” he said.
As evidence, Preber spotlights Grant Thornton’s launch of a cloud-based system that increases collaboration among its teams and its clients, while also maintaining data protections. And Grant Thornton launched new client tools for lease accounting and analytics – as well as automating tax-credit processes for clients engaged in research and development efforts.
In addition, Grant Thornton launched a learning program to prepare its tax professionals for a future where they will prescribe high-tech solutions, anticipate regulatory updates and go beyond mere tax-compliance services.
Moreover, 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. The firm also rolled out a whole-ledger analytics system, part of an industry-leading suite of tools to improve audit quality and efficiency.
Finally, Grant Thornton acquired TayganPoint Consulting Group in a bid to expand its capabilities for clients in the healthcare and life sciences industries. The Philadelphia-based consulting firm adds scale to Grant Thornton’s growing Advisory practice.
Preber was named interim CEO in June 2019. He has been with the firm since 2003.
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