Grant Thornton

[4] In December 2019 Grant Thornton placed in the top 50 global employers for diversity and inclusion (D&I), according to a new index developed by Universum.

[5] More than 247,000 business and engineering/IT students rated Grant Thornton against support for gender equality, commitment to diversity & inclusion and respect for its people.

Their perception of Grant Thornton, against these three categories, places the network 28th in the list, alongside some of the world's most well-known and respected global brands.

[12] In January 2024, the company announced the appointment of Malcolm Gomersall as its new chief executive, replacing David Dunckley who stepped down earlier in the same month.

In 2018, the Financial Reporting Council (FRC) fined Grant Thornton £4m, later reduced to £3m, for misconduct over its audits of Nichols plc and the University of Salford.

[25] Grant Thornton had lost the audit of Patisserie Valerie in 2019 after it failed to spot a £94m accounting black hole in its books, thereby triggering an investigation by the FRC.

It’s not a multinational complex organisation.” She also said that the FRC's rules require auditors to spot material misstatements where they are due to fraud or error.

The regulator said the firm had selected too small a sample size and had placed “undue reliance” on the externally appointed experts rather than its own specialist.

[32] In 2020 the UK Court of Appeal determined that Sports Direct did not have to disclose 40 documents sought by the FRC because they were covered by legal privilege.

[35] After being appointed as the liquidator of the failed retailer Brighthouse, Grant Thornton was accused of maximising returns to creditors at the expense of vulnerable customers.

Mick McAteer, co-founder of the Financial Inclusion Centre thinktank, said: “There is a potential conflict between the interests of the administrator – and those they represent – and the vulnerable customers who owe money to BrightHouse.

A CCC report found that two senior officials in the Department of Communities had been given over $100,000 worth of alcohol, meals, gifts, sporting tickets, flights and accommodation.

In return, the public servants breached state government procurement policies, including by engaging in bid rigging, ultimately directing $2.1 million in consulting work to Grant Thornton.