Grant Thornton insists client remove Chairman, is removed as auditor

Here’s an interesting story coming out of Dallas: Embattled multi-level marketing firm Mannatech has fired its independent auditor, Grant Thornton, after the auditor gave the company an ultimatum: Remove Chairman and founder Sam Caster from the company or find yourself another auditor. So they found themselves another auditor, BDO Seidman, and let Grant Thornton go. […]

Big Four dominate professional services globally

The Managing Partners’ Forum was established in 1995 and is “dedicated to enhancing leadership and the status of the management team in professional firms worldwide.” They recently released the inaugural Global 500, a ranking of the top 500 professional services firms in the world by fee volume. The Big Four are at the top of […]

Audit choice and competition in UK and G8

Jeremy Newman of BDO Stoy Hayward, highlights a key finding of the British Oxera Report on Audit Choice and Competition: According to the report by Oxera on Competition and Choice published in April 2006 more than 70% of FTSE 100 companies had not held a competitive tender for the last 15 years. The incidence of […]

BDO and Grant Thornton decide against merger

It was only a few weeks ago I was blogging about the the potential merger in Canada of BDO Dunwoody and Grant Thornton. They announced that they were in talks and conducting the necessary due diligence procedures to see if a merger would be good for the two firms and their clients. They announced today […]