Grant Thornton International
Encyclopedia
Grant Thornton International is a global profesional services network
of independent accounting and consulting member firms which provide assurance, tax and specialist advisory services (SAS) to privately held businesses, public interest entities, and public sector entities. Grant Thornton International Ltd is a not-for-profit, non-practicing, international umbrella membership entity organized as a private company limited by guarantee. Grant Thornton is incorporated in London
, United Kingdom
, and has no share capital.
According to Grant Thornton International, member firms within the global organization operate in over 100 countries. Member firm fee income rose by 14% in 2008 to US$4 billion. There are over 2,600 member firm partners and total member firm personnel of over 30,000, including partners.
Although many of the firms now carry the Grant Thornton name, they are not all members of one international partnership. Each member firm is a separate national entity, and governs itself and manages its administrative matters independently on a local basis. This is similar to other professional services networks
.
Grant Thornton is notable for its role in the Parmalat
scandal
, although claims against Grant Thornton in relation to the scandal were dismissed in 2007.
Grant Thornton member firms service international work through their local International Business Centers—located in 40 major commercial centers throughout the world.
Grant Thornton International carries out an annual global research project: the International Business Report, which surveys the views and expectations of over 11,000 privately held businesses across 39 economies.
Professional services networks
Professional services networks are networks of independent firms who come together to cost-effectively provide services to clients through an organized framework. They are principally found in law and accounting. They may also be found in investment banking, insurance, real estate and architectural...
of independent accounting and consulting member firms which provide assurance, tax and specialist advisory services (SAS) to privately held businesses, public interest entities, and public sector entities. Grant Thornton International Ltd is a not-for-profit, non-practicing, international umbrella membership entity organized as a private company limited by guarantee. Grant Thornton is incorporated in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, and has no share capital.
According to Grant Thornton International, member firms within the global organization operate in over 100 countries. Member firm fee income rose by 14% in 2008 to US$4 billion. There are over 2,600 member firm partners and total member firm personnel of over 30,000, including partners.
Although many of the firms now carry the Grant Thornton name, they are not all members of one international partnership. Each member firm is a separate national entity, and governs itself and manages its administrative matters independently on a local basis. This is similar to other professional services networks
Professional services networks
Professional services networks are networks of independent firms who come together to cost-effectively provide services to clients through an organized framework. They are principally found in law and accounting. They may also be found in investment banking, insurance, real estate and architectural...
.
Grant Thornton is notable for its role in the Parmalat
Parmalat
Parmalat SpA is a multinational Italian dairy and food corporation. Having become the leading global company in the production of ultra high temperature milk, the company collapsed in 2003 with a €14 billion hole in its accounts in what remains Europe's biggest bankruptcy...
scandal
Parmalat Bankruptcy Timeline
- December 2003 :December 19 - Bank of America states Parmalat does not hold nearly $5B in liquid assets for the company as Parmalat reported in September 2003. Bank of America disavows the document released by Parmalat’s Bonlat Financing Corp unit claiming over €4B are being stored by an affiliate...
, although claims against Grant Thornton in relation to the scandal were dismissed in 2007.
Top 10 member firms
- AustraliaAustraliaAustralia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
- Grant Thornton - CanadaCanadaCanada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
- Grant Thornton LLP, Raymond Chabot Grant ThorntonRaymond Chabot Grant ThorntonRaymond Chabot Grant Thornton is a Quebec-based accounting firm, the largest independent accounting firm in Quebec, and one of the largest in Canada, with over 95 offices across Quebec, Ontario and New Brunswick.... - FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
- Grant Thornton - GermanyGermanyGermany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
- Warth & Klein Grant Thornton AG - IrelandIrelandIreland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
- Grant Thornton - JapanJapanJapan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
- Grant Thornton Japan - SwedenSwedenSweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
- Grant Thornton Sweden AB - The Netherlands - Grant Thornton NL
- New ZealandNew ZealandNew Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
- Grant Thornton New Zealand - United KingdomUnited KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
- Grant Thornton UK LLP - United StatesUnited StatesThe United States of America is a federal constitutional republic comprising fifty states and a federal district...
- Grant Thornton LLP
Grant Thornton member firms service international work through their local International Business Centers—located in 40 major commercial centers throughout the world.
Grant Thornton International carries out an annual global research project: the International Business Report, which surveys the views and expectations of over 11,000 privately held businesses across 39 economies.