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Entries in Grant Thornton LLP (6)


Are auditors abdicating responsibility, or simply following the rules?

Blue-chip accounting and auditing firm Grant Thornton has found itself under scrutiny following the collapse of the café chain Patisserie Valerie in the UK. Patisserie Valerie went into administration recently after a £40 million ($52.5 million) hole was uncovered in its balance sheet, allegedly caused by an internal fraud. 

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Women in compliance: Gains overseas, but still in corporate limbo here

Women may or may not be better-suited to risk management roles as compared to men as being fully equipped for the role might have more to do with skills sets, ethical judgment and plain-vanilla experience than with anything related to gender.

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Blown audits: SEC penalizes Grant Thornton $4.5 million and suspends two partners

Grant Thornton LLP and two of its partners agreed to settle SEC charges that they ignored red flags and fraud risks during audits of two publicly traded companies that wound up facing SEC enforcement actions for improper accounting and other violations.

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SEC charges two Grant Thornton firms with violating auditor independence rules

The Securities and Exchange Commission Thursday charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations.

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PwC among seven firms tabbed to audit China SOE overseas assets 

China has chosen seven audit firms including PwC, BDO, and Grant Thornton to examine the overseas assets of major state-owned enterprises (SOEs) following an open tender held last month.

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Mizuho boss to quit over mob loans

Yasuhiro Sato, President and Group CEO, Mizuho Financial Group, Inc.The chairman of Mizuho Financial Group Inc., Takashi Tsukamoto, will leave his post in March following a scandal linking the lender to organized crime groups.

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