- Grant Thornton sixth largest network globally named ‘Network of the Year’
Grant Thornton is at the sixth spot with revenues of $4.1bn and leading the highest growth rate amongst the largest auditing firms.
Kuala Lumpur, 22 March 2013- According to the World Survey conducted by the International Accounting Bulletin, Grant Thornton International had a very good year in 2012 with double-digit growth in US dollars - exceeding the growth of the Big Four and BDO International.
Grant Thornton is at the sixth spot with revenues of $4.1bn and leading the highest growth rate amongst the largest auditing firms. Chief executive Ed Nusbaum says the 10% growth is a combination of strong organic and M&A growth.
Looking at staff growth rates in all networks with income above €1bn, the fastest-growing was Grant Thornton International at 13%, followed by BDO International at 12% and Nexia International at 11%.
Asia-Pacific continues to be the fastest growing region for Grant Thornton, according to Nusbaum. "Countries like China and India continue to grow, as do all the other emerging markets such as Brazil," he says. There are also good prospects for growth in the developed markets, says Nusbaum, and it's important for the network to focus on building brand reputation, establishing a unique value proposition and targeting new clients in those economies."
“Grant Thornton Malaysia has also contributed towards this strong performance. The Malaysian firm had significant all round double-digit growth at its four offices in Kuala Lumpur, Penang, Johor Bahru and Kuantan. Additionally it was amongst the leaders for foreign IPOs, Corporate Finance, Debt Restructuring as well as Tax Planning and Incentives,” stated Nusbaum.
Grant Thornton’s excellent growth was recognized and has been awarded the 'Network of the Year' at the 2013 International Accounting Bulletin Awards in London recently.
Ed Nusbaum, the global CEO, said of the award win, "Having achieved a double-digit growth rate, led the six largest accounting organisations in annual growth and embarked on a new global advertising campaign – our ambition is clear and the results speak for themselves."
Judged by an independent panel which included Sir David Tweedie, Sue Almond of ACCA and Jane Howard of Wragge & Co, firms had to demonstrate strength across a number of key areas which included; evidence of top-level network-wide audit quality, a strengthened position in strategically important markets and strong industry leadership.
For more information please contact:
Sharon Sung, Technical and Corporate Affairs Partner, T +60 3 2692 4022,
Charmane Koh, Corporate Affairs Assistant Manager, T +60 3 2692 4022,