Grant Thornton US arm reports 9.5% revenue rise

Grant Thornton LLP, the US arm of Grant Thornton International, today reported a 9.5% jump in revenues, to $US1.2bn for the fiscal year ended July 31. Of the firm’s 2012 new client engagements, revenues from new international clients accounted for more than 25%, the firm said.

‘Our continued growth in both national and global markets reflects our focus on providing clients with industry expertise and personalised service,’ Edward Nusbaum, Grant Thornton LLP chief executive officer, said.

Grant Thornton LLP counts as one of its highlights support for the preparation of financial statements in accordance with the International Financial Reporting Standards, published by the International Accounting Standards Board, without reconciliation to US Generally Accepted Accounting Principles.

The firm said it disagreed with the Securities and Exchange Commission’s delays on 404 and believed the proposed delay was ‘neither warranted nor prudent’ because it would impair the commission’s ability to gather accurate cost statistics for smaller companies as few smaller public companies had prepared properly for Section 404. Further reading:

US support for IFRS hinges on reform of standard setter