Independence practices

Maintaining the independence of member firms, audit teams and other professionals is critical to sustaining public confidence in the audit profession. Grant Thornton is committed to ensuring that our independence policies and procedures are robust and provide clients, other users of audit reports and the investment community with confidence that Grant Thornton member firms and their professionals are independent and objective.

Grant Thornton requires member firms to adopt policies and procedures that have been designed to safeguard independence on audit engagements. Grant Thornton independence policies and procedures are based on the IESBA Code of Ethics with supplements to govern compliance with our global independence system. All member firms are required to adhere to their local regulatory requirements if more stringent than the IESBA Code or Grant Thornton policy. 

Grant Thornton and the individual member firms implement and monitor compliance with our independence policies. All member firms are required to identify a partner with responsibility for overseeing all independence matters including the provision of training and obtaining annual confirmations of compliance with independence policies from all professional personnel.