Grant Thornton, an audit, tax and advisory firm, announced revenues of $2.4 billion for the fiscal year ending July 31, 2023.
Grant Thornton’s record revenues reflect significant actions taken by the firm to advance its business strategy and accelerate its growth for the benefit of clients and team members. Notably, Grant Thornton is focused on empowering growth and quality across its core business segments, while further enhancing its capital position — including through the divestiture of its public sector advisory practice in August 2022.
When adjusted for this divestiture, Grant Thornton’s year-over-year revenues grew 11.6%, on a pro-forma basis.
“In FY 2023, we trained our focus on strategic appointments and decisions that have provided high-quality results and personalized service to our clients, while also accelerating growth for our firm at a time of unprecedented change in the accounting and consulting industry,” Seth Siegel, CEO of Grant Thornton, said. “By working holistically across our service lines, industry teams and geographic markets, our talented teammates will continue to bring the full strength of our firm to everything we do.”
Grant Thornton commenced FY 2023 under the leadership of recently-elected CEO Siegel, who, in November, elevated key professionals to the firm’s senior leadership team. The refreshed executive team, drawn almost entirely from Grant Thornton’s ranks, is executing a new long-term growth strategy focused on quality, integrated capabilities and a commitment to innovation — all designed to deliver a peerless and distinctive experience to the firm’s clients. Key changes included the appointment of a chief transformation officer to steer enterprise-wide change initiatives, and a newly-created chief strategy officer position to accelerate Grant Thornton’s enterprise growth. Likewise, the firm established a national managing partner of Geography who will help coordinate a go-to-market execution plan in Grant Thornton’s almost 50 markets across the nation.
The firm also announced an additional slate of leaders, including regional heads to align geographic service with industry and service line solutions, a new chief people and community officer and senior appointments on its audit quality and risk team, among others.
Several of the newly promoted and appointed leaders have recently been recognized for their skills by news outlets such as Consulting Magazine. They include Wade Kruse, national managing partner for advisory services; Lisa Walkush, national managing principal for industry; and Rashada Whitehead, national managing principal for culture, immersion and inclusion.
