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
“Grant Thornton” is the brand for two professional-services entities: Grant Thornton LLP, a licensed, certified public accounting (CPA) firm that provides audit and assurance services ― and Grant Thornton Advisors LLC (not a licensed CPA firm), which exclusively provides non-attest offerings, including tax and advisory services. With revenues of $2.4 billion for the fiscal year that ended July 31, 2023, and dozens of offices nationwide, Grant Thornton represents a community of almost 10,000 problem solvers, relationship builders, and industry specialists who know that how we serve matters as much as what we do.
Grant Thornton LLP, Grant Thornton Advisors LLC and their respective subsidiaries operate as an alternative practice structure (APS). The APS conforms with applicable laws, regulations and professional standards, including those from the American Institute of Certified Public Accountants.
Grant Thornton LLP and Grant Thornton Advisors LLC serve as the U.S. member firms of the Grant Thornton International Ltd (GTIL) network. GTIL and its member firms are not a worldwide partnership and all member firms are separate legal entities. Member firms deliver all services; GTIL does not provide services to clients.
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