Grant Thornton tops US audit research

Grant Thornton has taken first place in the quarterly US audit rankings, the
first time it has been won by a firm outside the Big Four.

The ranking, by the Public Accounting Report, takes into account gains in SEC
clients, net gain in revenues audited, net gain in assets audited and the gain
in audit fees.

The firm made a net gain of five clients for Q2 2008, for clients with
revenues totally approximately $5.3bn (£2.7bn) and a net gain of $5.1bn in
clients’ assets audited.

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