Accounting Services 

Despite a 2.6% Increase In 2021, Grant Thornton Couldn’t Catch BDO USA In the Midtier Firm Revenue Pissing Contest

This just in from the purple gang: Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd., today announced record revenues of $1.97 billion for the fiscal year ended July 31, 2021. “In a changing and uncertain environment, we continue to remain agile and perform with excellence across our entire firm, including our services lines, industry groups and internal services teams,” said Brad Preber, CEO of Grant Thornton. “We’ve combined flexibility and innovation with quality and value to realize record revenues. Because of this approach, we’re well-positioned for…

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Accounting Advices 

Compensation Watch ’21: So Many People Are Bailing That KPMG UK Had to Change Its Bonus Structure

Attrition is the word on everyone’s lips these days, and you can bet that the ongoing Big 4 exodus is keeping plenty of partners up at night. Given the aforementioned stress-related insomnia, surely firm leaders are spending their extra awake hours coming up with creative, generous ways to hold on to the staff they have and signal to unhappy grunts at other firms that they are taking extraordinary steps to pay their people what they’re worth, revenue be damned. Right? RIGHT?? If you chortled heartily at the suggestion that firms…

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Accounting Newsletter 

Which Firm Had the Most IPO Audit Clients In Q2 2021?

On this the last day of the third quarter, let’s take a look back at initial public offering activity in the second quarter of the year, which featured the biggest IPO since 2000 in terms of proceeds, according to Audit Analytics. There were 13 IPOs with proceeds greater than or equal to $1 billion last quarter, with cryptocurrency company Coinbase Global leading the way raising more than $28.7 billion, becoming the first public listing of a major crypto company. This makes Coinbase the largest IPO in the last 21 years…

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