All Grant Thornton articles – Page 3

  • 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.

  • 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.

  • 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 ...

  • 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 ...

  • 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 ...

  • 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 ...