Grant Thornton member firms take first place in US and UK audit rankings
The US member firm of Grant Thornton International has taken first place in Public Accounting Report's annual audit rankings for 2008, the first time a non Big Four firm has been ranked No.1. The rankings measure audit wins and losses by the major global accounting networks in the US throughout the year. Five audit engagement wins for companies each with over $1 billion annual revenue and 24 successful competitive pitches against Big Four firms gave Grant Thornton US the top spot.
In the UK, the Grant Thornton member firm maintained its leadership position for companies listed on AIM, the London Stock Exchange's international market for smaller growing companies and the most successful growth market in the world. Grant Thornton UK audits over 200 AIM companies, more than any other audit firm.
Ken Sharp, global leader - assurance services explained, "Here is further evidence of the increasing strength of Grant Thornton's audit expertise and reputation, in two key markets. It is widely acknowledged by investors, regulators and public companies that greater auditor choice in the world's capital markets is needed. The real driver of auditor choice is the market's confidence in an auditor's capability to deliver quality audits whatever the size, complexity or international reach of the client. Results like this provide further evidence of our ability to compete globally with the Big Four."
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For further information please contact:
Christine Hobart
International communications manager
Grant Thornton International
T: +44 (0)207 391 9548
M: +44 (0) 79 0005 2240
E: christine.hobart@gtuk.com
About Grant Thornton International
Grant Thornton International is one of the world's leading organisations of independently owned and managed accounting and consulting firms. The strength of each local firm is reflected in the quality of our organisation. All Grant Thornton International member firms share a commitment to providing the same high quality service to their clients wherever they choose to do business.
Grant Thornton International does not deliver services in its own name. Each member and correspondent firm of Grant Thornton International is a separate independent national firm. These firms are not members of one international partnership or otherwise legal partners with each other, nor is any one firm responsible for the services or activities of any other. Each firm governs itself and handles its administrative matters on a local basis.
All references to Grant Thornton International are to Grant Thornton International Ltd. Grant Thornton International Ltd is a non-practicing, international umbrella entity organized as a private company limited by guarantee incorporated in England and Wales.
