All Grant Thornton articles – Page 3
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Blog
PCAOB inspection findings rise at Grant Thornton
While audit inspection findings across the major firms generally improved in the most recently reported year, such was not the case at Grant Thornton.
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Blog
PCAOB issues 2014 report on Grant Thornton, showing gains
The PCAOB has published its last 2014 inspection report on the eight largest firms, showing gains at Grant Thornton from a year prior and slight improvement across major firms. Tammy Whitehouse reports.
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Blog
Strategic risk weighs on executives, survey finds
Strategic risk is a big threat to companies compared with other risks, yet many executives say they fall short in effectively managing and mitigating such risks. That’s the key finding of a new survey from Grant Thornton, which finds almost two-thirds of executives say strategic risk is a highly significant ...
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Blog
SEC Charges Grant Thornton, Two Partners
The SEC delivered a heavy blow to Grant Thornton and two of its engagement partners last week with charges they ignored red flags and fraud risks at two public companies that ultimately faced enforcement actions of their own. Grant Thornton agreed to a penalty of $3 million, forfeited $1.5 million ...
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Blog
PCAOB Wraps 2013 Reports With Grant Thornton
The Public Company Accounting Oversight Board has published a tough report on Grant Thornton, finding problems in 20 of 36 audits inspected, a failure rate of 55 percent. Inspectors said the deficiencies were significant enough to conclude auditors did not obtain sufficient audit evidence before arriving at their conclusions. Details ...
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Blog
Latest GRC Survey Shows Disconnect on Risk
Yet more findings—these from Grant Thornton—reveal that audit committees and chief audit executives differ on priorities. According to the survey, audit committees rank financial risk as most important for internal audit, followed by compliance, operational, and strategic risks. CAEs, however, give compliance risk top billing, followed by operational, financial, and ...
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