Transparency report 2009
Welcome to the Grant Thornton International transparency report 2009.
This transparency report has been produced to enable our stakeholders - businesses, investors, regulators and communities - to better understand our global organisation. It explains how the organisation is run and how we provide reasonable assurance that member firms perform high quality audit, tax and advisory services. It also describes the expertise, breadth and depth of our global organisation. We offer this report as a demonstration of our commitment to openness and transparency.
The report is in respect of the year ended 31 December 2008, which is also the fiscal year end for Grant Thornton International Ltd. The combined worldwide revenue figures for the member firms given in the financial information section, however, are reported to a 30 September year end.
This transparency report is modelled to the extent possible on the transparency reporting regime required by the European Union 8th Directive of individual audit firms that perform assurance work for public interest entities. It outlines the legal structure and governance of the Grant Thornton umbrella organisation and the tools provided to the individual member firms of the organisation to support them in producing distinctive, high quality client service in the fields of assurance and accountancy, tax and specialist advisory services.
The report explains the global quality control procedures and the global independence practices and tools. It also highlights the attention paid to client acceptance and risk management.
Transparency is a key element underpinning the confidence of the world's capital markets in the audit process, and Grant Thornton will continue to play its part in creating a more accountable and robust accounting profession.
Some Grant Thornton member firms have also published their own transparency reports. Follow the links below to read them:
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