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