Grant Thornton Joins Billion-Dollar Club

grant-thornton-logo-with-rose.jpgGrant Thornton LLP 2007 Revenues Rise 14.4% to $1.075 Billion

Grant Thornton LLP, the U.S. member firm of Grant Thornton International, today reported that revenues climbed 14.4 percent in the calendar year ending Dec. 31, 2007, to $1.075 billion. “Our growth is the direct result of the quality of our people,” said Edward Nusbaum, Grant Thornton LLP chief executive officer. “Our goals are to continue providing outstanding, independent service to clients, and speaking out on issues that are of importance to the profession, our people and investors.” The firm has 51 offices in 110 countries.

Calendar year 2007 highlights

Thought Leadership

— SEC decision on foreign companies and GAAP — Grant Thornton LLP strongly supports the decision to allow foreign private issuers, when reporting financial results in the United States, to prepare their financial statements in accordance with International Financial Reporting Standards as published by the International Accounting Standards Board without reconciliation to U.S. Generally Accepted Accounting Principles.

— Effective Section 199 safe harbors — Grant Thornton LLP asked the Internal Revenue Service and the Department of the Treasury to issue
additional safe harbor rules under Section 199 to minimize the burden of tracking W-2 wages.

ed-nusbaum-at-grant-thronton.jpg— Edward Nusbaum (left) was appointed by Chairman Christopher Cox to the SEC Advisory Committee on Improvements to Financial Reporting.

Client Service

— Phil Wedemeyer joins Grant Thornton LLP’s National Professional Standards Group, having most recently worked at the Public Company
Accounting Oversight Board (PCAOB) where he established and directed the Office of Research and Analysis.

— Grant Thornton LLP launches India Tax and Business Services Gateway.

— Grant Thornton LLP opens new offices in St. Louis, San Diego and SanAntonio.


— Grant Thornton LLP named a 2007 Working Mother 100 Best Company by Working Mother Magazine.

— PINK Magazine inaugural list of the Top Companies for Women — Making up the Elite Eight companies for women are American Express Co., Heller Ehrman LLP, Kelly Services, Aflac Inc., FedEx Services, Turner Broadcasting System Inc., Wachovia Corp. and Grant Thornton LLP.

— 2007 “Companies That Care” Honor Roll — For the third consecutive year, Grant Thornton LLP has been named to the Center for Companies That Care Honor Roll.

— More than a dozen local Grant Thornton offices honored with “best places to work” in their city.

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