Locals gain strength.
Grant Thornton is selling its Hawaii practice to two partners who are taking the new firm into the PKF network.
It’s the latest news from Hawaii. A couple weeks ago we reported Hawaii Mandates Peer Review for Out-of-State Firms.
Now, according to Pacific Business News:
Grant Thornton’s departure from the Hawaii market mirrors that of PricewaterhouseCoopers, a Big Four accounting firm that left Hawaii in 2006 after 55 years and sold its local practice to three partners in the firm’s Honolulu office, who formed a new firm called Accuity LLP. Accuity, also locally owned, has been a member since 2007 of the Baker Tilly International network of accounting and consultancy firms. Another local firm, KMH LLP, was formed by former Arthur Andersen employees after the Big Five accounting firm collapsed during the Enron accounting scandal.
2 Responses to “Big Firms Exit Hawaii Market”
jeanwagner
just trying to close a book before i die
GORDON A WAEHRER
THE ARTICLE STATES THAT PRICE WATERHOUSE WAS IN HAWAII FOR 55 YEARS. I WORKED FOR THEM AS AUDITOR CPA IN THE 1960’S AND PW DID NOT EVEN HAVE AN OFFICE IN HI. I WAS SENT OVER THERE STARTING IN 1963 TO DO BRANCH WORK AND AUDIR HI CEMENT CORP. FROM THE LA OFFICE. APPARENTLY COOPERS HAD AN OFFICE FOR THE 55 YEARS. I AM CURIOUS AS TO WHY THE DEPARTURES?????