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.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues of $1.97 billion and operates more than 50 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.
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