Grant Thornton

The UK Government’s plans to shake up the accountancy sector are facing a significant setback, as smaller firms consider snubbing reforms that would see them share FTSE 100 work with the Big Four companies. UK ministers have proposed “managed shared audits” of FTSE 350 businesses,

Grant Thornton has seen a sharp increase in profit within its audit division after the firm invested £17 million in 2019 to improve the quality of its audit work. The accountancy firm posted an audit profit of £11.3m for the 12 months to the end of December, compared with £1m for t

With just under three weeks to go until the IR35 deadline on 6 April, new research from business and financial adviser Grant Thornton UK LLP has found that over one in three (38%) mid-sized businesses are not ready for the transition.

More support for international trade and low carbon business strategies are two of the main asks from mid-market business leaders in Scotland, according to a survey carried out by advisory firm Grant Thornton in the days following Holyrood’s budget.  The survey found that 48% were very op

More than one in three SMEs (39%) are planning to reduce the size of their office requirements in the months ahead, according to Grant Thornton’s International Business Report.

FRP Advisory, the liquidators of Patisserie Valerie, has launched a £200 million legal claim against the cake chain's auditor Grant Thornton. Patisserie Valerie went into administration in January 2019 following the emergence of an accounting scandal.

Scottish mid-market business leaders are bullish about the impact of Brexit, according to new research from business and financial adviser Grant Thornton UK LLP. The company's research finds that roughly a quarter (24%) of Scottish mid-market business leaders do not expect Brexit to have any impact

The Financial Reporting Council (FRC) has criticised Grant Thornton after its Audit Quality Inspection revealed five out of six of the firm's local audits fell below the expected standard. Grant Thornton was singled out by the accountancy regulator after it investigated 15 major audits of health aut

Employers in Scotland who may have wrongly claimed support from the Coronavirus Job Retention Scheme (CJRS) are being warned to act now to avoid significant penalties from HM Revenue & Customs (HMRC).

Accountancy firm Grant Thornton has ended a long-running legal battle over its failure to expose a fraud at a former client, AssetCo, leaving it facing a bill of £28.6 million. On Friday, the firm told fire-engine leasing service AssetCo, that it would not pursue a further appeal.

Debbie Mayor, director at accountants and business advisers Grant Thornton, reveals why businesses must adopt a similar approach to that taken by Holyrood policymakers in easing lockdown restrictions. Throughout the COVID-19 lockdown businesses of all sizes have demonstrated remarkable agility and r

The majority (88%) of mid-market businesses in the UK have made fundamental changes to their business model during the coronavirus pandemic, according to new research from Grant Thornton’s International Business Report. The research also found that 50% of firms are planning to continue with th

The Financial Reporting Council (FRC) has fined Grant Thornton for repeated breaches of ethical standards. Such breaches included failing to maintain its independence over its audit of collapsed alcohol firm Conviviality.

Grant Thornton has announced that it will be making a series of redundancies, making it the first large UK accountancy firm to issue job cuts during the coronavirus pandemic.The firm's Scottish arm is led by managing partner Andrew Howie and employs 180 staff across its three offices based in Aberde

Begbies Traynor Group has acquired a portfolio of 503 Scottish personal insolvency cases, including a team of five fee earners, from Grant Thornton UK LLP. The acquisition is for an initial consideration of £0.25 million and additional contingent consideration of up to £0.25m, subject to