Correspondent firms

In certain, mostly smaller, countries Grant Thornton International enters into exclusive or, very rarely, non-exclusive relationships with firms referred to as ‘correspondent firms’ to perform certain services on behalf of member firms’ clients. Correspondent firms have none of the rights and privileges or responsibilities of member firms and therefore are not member firms within Grant Thornton International.

Unlike member firms, correspondent firms do not have access to audit software developed by Grant Thornton International. They are not permitted to use the Grant Thornton name. They are, however, subject to periodic practice reviews that monitor their conformity to applicable professional standards when delivering services.

Like member firms, correspondent firms are not members of one international partnership or otherwise legal partners with each other or with Grant Thornton International or any member firm within Grant Thornton International. Nor does status as a correspondent firm thereby make that firm responsible for the services or activities of any other correspondent or member firm. Each correspondent firm governs itself and handles its administrative matters on a local basis, and is locally owned (with the exception of limited instances), operated and managed and is responsible for its own liabilities.