PracticeAccounting FirmsGrant Thornton ready to follow in KPMG’s footsteps

Grant Thornton ready to follow in KPMG's footsteps

Grant Thornton International has given the strongest indication yet that it wants to follow the path laid down by KPMG and merge its member firms

Grant Thornton

Asked about the prospect of member firms joining up,
GTI
chief executive David McConnell told Accountancy Age: ‘I think it will
happen. If you go to the medium-term, I do see our organisation consisting of
fewer member firms.’

McConnell revealed that GTI has had ‘discussions’ about mergers, but that
nothing will happen ‘in the immediate future’.

The comments are the strongest indication of any firm following KPMG’s lead.

In forging its KPMG
Europe
structure, the firm took the lead in global integration. Other firms
have indicated they want to stand back and see how KPMG does.

GTI has 90 member firms around the world, with the US, UK, Canada and
European countries forming the largest constituents.

GTI’s relationship with its members has not been without its troubles in the
past with the expulsion more than four years ago of its Italian member firm SpA
following the Parmalat scandal.

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

1d Emma Smith, Managing Editor
Where is your next client coming from?

Accounting Firms Where is your next client coming from?

3d James Noble, Propero Partners
Specialist VAT service provider joins MHA

Accounting Firms Specialist VAT service provider joins MHA

4d Austin Clark, Reporter
Top 50+50: Big Four hold steady, shake-up outside Top 20

Accounting Firms Top 50+50: Big Four hold steady, shake-up outside Top 20

2w Emma Smith, Managing Editor
Top 50+50: Revenue rises spark rankings shake-up

Accounting Firms Top 50+50: Revenue rises spark rankings shake-up

3w Emma Smith, Managing Editor
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

2w Austin Clark, Reporter
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2w Alia Shoaib, Reporter
Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

2w Alia Shoaib, Reporter