ANNUAL REPORT

Hello.

We’re the new Grant Thornton.

Let’s look back at the amazing progress we’ve made this
year, and discover where we’re heading next.

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ANNUAL REPORT

Hello.

We’re the new Grant Thornton.

Let’s look back at the amazing progress we’ve made this
year, and discover where we’re heading next.

Scroll down

Operating Revenue FY2016: $1.65B

FY2012 - 16 Revenue Growth

4080
FY12
6080
FY13
6240
FY14
3520
FY15
2240
FY16
11.4%
increase since 2015

In our 2014 PCAOB report (the latest report completed), inspected audits listed with deficiencies fell to 32% from 56% in 2013.

Audit Quality Improvements

Restatements in FY16 improved to 30 from 37.

Audit Quality Improvements

Our 42,000+ Grant Thornton International professionals serve clients in 130 countries.

2016 GTI Revenue: $4.6B

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T he past year has been a tremendously successful one for Grant Thornton. As you’ll see in this annual report, we achieved strong and steady revenue growth, showing that our clients continue to love doing business with us. We accelerated our work to build a healthy, high-performing and unique culture that is a key differentiator for us in the marketplace. And we greatly improved our results on key measures of quality, the foundation for all we do.

READ MIKE’S FULL LETTER

We tell this story in a few ways in this site. In the first section, we show our capabilities through the stories of three successful client engagements, with Dogfish Head Brewery, the Customs and Border Protection agency’s Office of Trade and Border States Electric. Each of these stories highlights a different aspect of our commitment to quality, execution and distinctive client service that makes our clients want to do more business with us.

When we ask our clients what the single most important difference is in doing business with Grant Thornton, they increasingly answer, “people and culture.” In a series of six profiles of our people, we illustrate the greatest assets we have to offer: the intelligence, knowledge, skills and commitment to excellence that our colleagues bring to all their work. These profiles will show you why our client ratings are so high.

In another section of the site, you’ll learn about our commitment to corporate social responsibility — a critical aspect of how we’re building a business that has a growing and positive influence not only for our clients, but also for the communities and the world in which we live and work. Finally, in “A look ahead,” we preview some of the major bodies of work we’re undertaking to lead our industry with confidence and a clear vision into an exciting future.

When I talk to prospective clients about our firm, I often tell them we are “big enough to make a difference, and small enough to make a decision.” It’s a unique combination that gives us a great advantage, and I am so pleased at the success our team has had over the past year in serving our clients, strengthening markets and communities, and developing our people. As we look forward to the year ahead, we’re excited and confident about the work we’ll do with our clients to help shape the future together.

Mike McGuire

CEO

Our success is defined by our clients’ success

Our clients are tackling today’s top industry challenges. We’re helping them shape the future with a commitment to quality and excellence.

Client Satisfaction (out of 10)

9.15Overall firmwide

9.53Partner/senior manager involvement on key accounts

Revenue with Russell 2000 clients increased 21%, and revenue with large private companies increased 29%.

FY16 over FY15

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With a growing market and a capital infusion, Dogfish Head Brewery had a need for a different kind of auditor.

SUCCESS STORY: DOGFISH HEAD BREWERY
“Dogfish Head is a high-growth company because they put two things first: quality and people. We knew we’d be a good match for their culture — and we were right.”

SEAN DENHAM

Grant Thornton Partner

Challenge

Dogfish Head is a fast-growing craft brewery and distiller based in Milton, Delaware. Founded in 1995 as a brewpub in Rehoboth Beach, the company has steadily expanded its offerings, its facilities and its markets, now selling up to 20 styles of beer in 30 states (plus DC), and several types of spirits.

To keep this growth going, the founders accepted an investment in the fall of 2015 from a private equity firm, strengthening the firm’s financial position, and also increasing the complexity of its financial statements and accounting procedures. The brewery, which had worked with a small, local accounting firm since its founding, needed a firm with the capabilities to handle all its accounting needs, including everything from basic audit and tax services to more specialized accounting work on fixed assets and research and development.

Solution

In initial discussions with Dogfish Head’s CEO Nick Benz, Grant Thornton partners Sean Denham, Jonathan Walls, and Rich Lafleur heard that the firm’s leaders wanted three things: professional services capabilities and quality that would enable a firm to stay with the brewer as its business grew; a firm that put people first and understood the value of strong relationships; and a final decision by Thanksgiving, about three weeks from the date of the first referral.

Denham and Walls acted quickly in pulling together a team to respond to the company’s request. They spent significant time walking the halls of the firm’s facilities, getting to know the leadership team, and brought in colleagues with specialized skills, such as Matt Gerkens, Audit senior manager and Megan Maier, a Tax manager in the Baltimore office. Maier made an important connection with Dogfish Head’s controller, Angela Wooten. The combination of the team’s commitment to quality, responsive client service and investment in relationship building won the day — and the business.

We work with the U.S. Customs and Border Protection Office of Trade (within the Department of Homeland Security) and businesses engaged in international trade to transform, facilitate and oversee international trade management processes.

Challenge

Trading volume is increasing as more nations join the global marketplace and new free trade agreements are put in place. New, advanced technologies are enhancing supply chains and operations. And priority trade issues like forced labor and intellectual property infringement are at the forefront of current and future trade negotiations. The U.S. regulatory system and infrastructure for overseeing global trade need to keep up with these evolving trends.

Teri Suzuki, Controls Advisory Principal, says, “The customs process can be daunting for companies that import from multiple countries around the world. Our teams at Grant Thornton are helping ease this burden on two fronts — by working directly with the Office of Trade to improve the regulatory process and with commercial businesses to make sure they’re nailing every requirement.”

Solution

The Grant Thornton team brought the U.S. government together with companies engaged in global trade to design and propose better data analytics and risk management practices, improved processes and legislative changes, all of which serve to strengthen trade.

“To create a predictable and transparent trade experience between the government and the business community, Grant Thornton is working with the Office of Trade to promote greater collaboration among regulators, importers, carriers and consumers,” said Mike Eder, Grant Thornton senior manager. Participants in this work have included lead importers such as Nike, Honda, Fiat Chrysler, FedEx, Pfizer, Mazda, JCPenney, Sony, HP and UPS.

This work has resulted in proposed improvements to widely used import programs such as Drawback and Reconciliation, and for the more than 30 million entry summary filings that importing businesses submit each year. These programmatic improvements will ultimately allow the government to better align its resources to mission-critical functions, provide cost savings to the companies engaging in international trade, and better facilitate trade.

“While a natural friction exists between regulators and businesses, Grant Thornton has developed sharp insight into ways to create better understanding and deepen relationships for growth,” said Carlos Otal, national managing partner, Public Sector. “Our Public Sector and New York Risk Advisory Services teams, for example, will work with Kate Spade, the luxury women’s clothing and accessories company, to evaluate its customs processes and supply chain to maintain compliance with U.S. import regulations and facilitate the flow of commerce.”

Ron Polito, Grant Thornton’s leadership executive for Homeland Security and national managing principle, adds, “Since we started with Homeland Security in 2003, we measure our value by assessing the enduring and sustaining influence we’ve had in increasing the efficiency and effectiveness of their mission to protect the homeland, while also helping commercial clients achieve their business goals and providing our team with opportunities to achieve their career aspirations.”

When it’s time for businesses to plan for the future, Grant Thornton is ready to design and help implement improvements in strategy execution, finance transformation and operations excellence.

SUCCESS STORY: BORDER STATES ELECTRIC
"We’ve had a great relationship with Border States as a client for many years. Now, we are advising them in ways to run their business more efficiently, consistently and profitably.”

ROBERT SCHWARTZ

Grant Thornton Principal

Challenge

Border States is a successful, high-growth, employee-owned company that supplies electrical products and services to construction, industrial and utility customers. As the company has grown, the leadership team recognized the need to evaluate and improve key functions and processes throughout the organization in an effort to better serve customers, drive efficiency and consistency into core processes, and enhance overall profitability.

Border States leadership has done a tremendous job growing the company and providing exceptional customer service, but desired independent advice as to how they could improve key components of their business to support sustainable growth.

Solution

Border States engaged Grant Thornton to design and assist in implementing improvements in strategy execution, process flow and customer order fulfillment. These improvements will enable Border States to be more efficient, effective and consistent, while improving its service and value to customers.

The Grant Thornton team initially performed a rapid assessment of key support functions within the organization. Keeping a relentless focus on shareholder value and customer satisfaction, the team identified several improvement opportunities expected to deliver near-term value and return on investment. The team made recommendations for six initiatives, three of which the Border States team immediately adopted:

  • Creating a strategy enablement function to focus on how strategy is aligned throughout the organization and the way in which strategic initiatives are executed to maximize adoption and return on investment.
  • Enhancing the finance function to allow for greater recovery of freight costs, reducing the cash conversion cycle, and reducing paper use to make progress towards the organization’s “green” objectives.
  • Providing greater visibility into the “perfect order,” or how Border States fulfills customer orders with an increasing level of accuracy, accountability, and customer satisfaction.

We care about culture. A LOT.

No one at our firm is just a number — even though we do love numbers.

3,341

Teammates who have participated in a 2-day, immersive culture seminar to explore how personality traits and interactive styles affect teamwork and collaboration.

Chicago’s "2016 Best Places to Work"

Crain’s Chicago Business

#2 for "Best Firm Culture"

(up from #18 last year)

Vault Accounting 50 rankings

579

Voluntary employee turnover fell 579 basis points year-over-year.

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Our firm’s culture and values are our greatest assets.

They empower us to make a positive difference for our colleagues, our clients, our profession and the communities we serve.

Most organizations publish a list of core values, but few take steps to bring that culture to life. At Grant Thornton, we invest in our culture with our time, our budget and the attention of our leaders.

Employee Spotlight 01
From a change in country to a change in career, I’m thankful for all my experiences...
  • Name
    Rugare Manyumwa
  • Title
    Experienced Manager
  • Service Line
    Advisory Services, Transaction Services, Corporate Finance
  • Office
    Los Angeles, CA

My curiosity has paved the way for a global career at Grant Thornton. Here, we like to say we’re all on a culture journey — mine has been longer than most!

I’m originally from Zimbabwe, where I began my career in our Cape Town, South Africa office, focusing primarily on audit work. In 2012, I took an opportunity for a four-month secondee assignment in Los Angeles, and then chose to stay in the United States. In 2013, I transitioned to Advisory Services, where I work in the Transaction Services group, helping corporate finance clients pursue competitive advantages in the market and develop new ideas to boost profitability.

I work mostly in Valuation with the private equity industry but often combine my skills across both Audit and Advisory. Recently I helped a public company that does multiple acquisitions with their purchase price allocations for their financial reporting needs. I love the type of clients that we work with and their industries, and the solutions we provide them. Most of all I love the team I work with. We are not a very big team so we work very well together and are quite close.

I know that my career path is not traditional and I’m passionate about educating students to consider accounting and finance careers — especially students that come from diverse backgrounds.

That’s why I’m involved in Grant Thornton’s Women’s initiative and African American business resource group. I’m also an active member of the National Association of Black Accountants (NABA) and help with student education and recruiting efforts to help diversify the workforce.

From a change in country to a change in career, I’m thankful for all my experiences and that Grant Thornton has supported and encouraged me to pursue this new path. Our team gives me the opportunity to bring my full self to work every day and to be successful. I have met a majority of my mentors here and I’m happy to be part of a firm where people are committed to helping people.

Employee Spotlight 02
Even as the firm has grown globally, Grant Thornton has stayed true to the same values I noticed on day one.
  • Name
    Mike Pramberger
  • Title
    Director
  • Service Line
    Audit
  • Office
    Philadelphia, PA

While in college at Villanova, I interviewed with two firms for an audit internship — Grant Thornton and a competitor. The other firm was all business, with people passing each other in the hallway, heads down, not looking each other in the eye. It didn’t seem like the right fit for me. But at Grant Thornton, during my office tour I saw managers tossing a football in a cubicle while discussing a technical accounting issue for a client — and that’s what struck me. The culture was positive, the people genuine. And I could tell they were focused on delivering exceptional client service. My internship experience only confirmed this and I was certain that I had found a place where I wanted to begin my career.

Now I’m a new audit partner, and I help lead the financial services and real estate group in Philadelphia. My role requires that I constantly collaborate with other team members throughout my market territory. I see first-hand how close teamwork benefits our proposals, and helps our engagement teams execute very complex and challenging projects for clients.

What also helps us execute is that we all share the same foundation in the pursuit of excellence, which for us starts with audit quality and client service.

One example that comes to mind is a new, dynamic client that continuously enters into non-routine transactions with some unique accounting challenges. We get ahead of these challenges by making it a priority to really understand the substance and nuances of each transaction and to quickly involve team members with the right knowledge and experience. Because of that collaboration and agility, we’ve been able to demonstrate our expertise and deliver world-class client service. The CFO told us that the accessibility of our national office, and the expertise of the people we made available, was a key differentiator when renewing our engagement letter.

Even as the firm has grown since my internship days, Grant Thornton has stayed true to the same values I noticed on day one. Over the time I’ve been here, we’ve always stuck to who we are — valuing respect, collaboration and excellence. That’s what makes us different from our competitors. And I’m confident we always will stay that way.

Employee Spotlight 03
The work is fun and the challenges are always new, and my team is really close-knit, which provides a great atmosphere.
  • Name
    Jenny Wagner
  • Title
    Manager
  • Service Line
    Tax
  • Office
    Charlotte, NC

I’m a tax manager in our Charlotte office, and mainly work with corporations in the transportation, food and manufacturing industries, with a focus on state and local income franchise tax. For example, this year I’ve taken on unique challenges with a transportation client, guiding them through a period where they were acquiring a company almost every quarter.

As we did for that organization, Grant Thornton draws on highly skilled teams to serve our clients. But the firm also understands that many large industries have specialized audit, tax and consulting needs — and responds to those needs with professionals who have focused industry knowledge and experience. The Industry program includes teams that focus on financial services, energy, health care, private equity, real estate, life sciences and others.

I’ve been with Grant Thornton for six years. The work is fun, the challenges are always new, and my team is really close-knit. I think our culture and investments in our people and clients are what differentiate us in the marketplace. It’s our culture which leads to fantastic outcomes for our clients. Happy, quality people deliver quality service — it’s that simple.

We have a diverse mix of accounting, tax and advisory generalists and specialists within the firm, which creates value for all the firm’s professionals, and for our clients. With so much specialized industry knowledge within the firm, professionals can tap into a network of experts, enabling teams to serve clients better, and to pursue diverse career development opportunities. This creates a training ground for the industry’s most promising talent.

Being part of a specialty service line gives me an opportunity to learn about a given industry and the companies in that market, to gain deep knowledge about how the transportation industry works, for example, and the unique opportunities and challenges these companies face in our changing world. I work on so many different issues day to day — I always have an opportunity to add value, and there’s never a dull moment.

Employee Spotlight 04
I dedicate time to mentor junior staff and champion the firm’s CLEARRly1 culture journey...
  • Name
    Scott Dalessio
  • Title
    Senior Manager
  • Service Line
    Advisory Service/Public Sector, Technology Strategy & Management
  • Office
    Alexandria, VA

As a senior manager in Public Sector, I enjoy winning business and helping to train colleagues. I also work to develop strong relationships with my team and clients. I’m a member of Advisory Services’ Business Consulting & Technology group, where I help Public Sector clients transform value by aligning technology with strategy to achieve business outcomes — and develop an agile, efficient business engine that’s ready for whatever the future may bring.

My client delivery focus is on Agile software development and IT program management — to address large IT project challenges, to deliver usable functionality and value in an adaptive fashion. The goal is to help clients and teams deliver predictable results, mitigate risk and continuously improve.

I was a contributor to the firm’s successful bid for a new project with the United States Patent and Trademark Office (USPTO), the largest contract Grant Thornton has ever won. The firm won the business largely based on its history of delivering collaborative solutions and distinctive client service. I’ve worked with the USPTO for almost six years now. It means a lot to me that I can work with this talented team to help transform an important government agency and contribute to the organization's mission to protect investments in innovation and creativity.

In addition to my client work, I dedicate time to mentoring junior professionals and championing the firm’s culture journey. I really love mentoring, getting to know someone’s perspective and learning from them — it makes me stronger as a consultant and as a person. People differentiate us as a firm, helping us win work and improve our clients’ business. As my career has progressed, I’ve always said that I’d commit to helping others be successful. It’s important that I give back to the firm, and to the team.

That’s why I enjoy helping with teammates’ development and contributing to our shared journey. I’m thankful to be part of a strong culture, where I work with talented people every day, helping our clients succeed.

Employee Spotlight 05
It’s a privilege to partner with our leaders to make sure we put people first.
  • Name
    Sabrina Allen
  • Title
    Director
  • Service Line
    People & Culture
  • Office
    Chicago, IL

When people ask me what makes our firm different from professional services competitors, I always say it’s the people and the culture.

During my 15 years at Grant Thornton, I’ve had the opportunity to experience tremendous growth within our firm. This includes serving in various roles within our People & Culture (P&C) community supporting both our external and internal sides of our business, seeing the firm triple in size and driving Grant Thornton’s current culture forward. My career keeps evolving with the firm and I am excited to learn even more, remaining curious and embracing what’s to come.

Today, I lead a P&C team that supports more than 700 professionals across the firm’s national internal groups, like Markets, Client and Industry (MCI), Finance, Communications, Operations, Strategy, Business Technology and many others. My team and I work closely with our leaders to help define the firm’s desired culture and to put in place the programs, initiatives and feedback channels that enable colleagues across the firm to understand and bring that culture to life every day.

It’s a privilege to partner with our employees and leaders to make sure we put people first. Whether we’re working through a structural shift in the organization or a challenging situation with a colleague, we always work hard to put people first. That’s what differentiates us and we are determined to build on that foundation.

Because of our reputation in the marketplace, unique employee benefits, collaborative culture and inclusive environment, we’re positioned as an employer of choice. This keeps the People & Culture community very busy when it comes to recruiting. Last year we hired almost 2000 full-time professionals and another 1000 interns.

We’ve been fortunate to attract and hire some of the best people in the profession, a very diverse group, especially over the last two years as we have demonstrated that Grant Thornton is growing and every employee is an important part of this journey. New colleagues seem refreshed by the opportunity to be part of it all — to work together to build a culture where people are heard, respected and where we all work together to achieve shared goals. I am very proud that I have been part of this journey of excellence!

Employee Spotlight 06
I love the variety and change of pace I get from working with a diverse set of clients, from small pre-revenue startups to large international public companies.
  • Name
    Jessica Knott
  • Title
    Senior Manager
  • Service Line
    Audit
  • Office
    San Francisco, CA

Within the competitive market in the heart of Silicon Valley, organizations can have a tough time retaining top talent — especially in public accounting. But I’ve stayed with Grant Thornton for 11 years now — I’m excited about the future, and I plan to stick around for a long time!

Having access to amazing mentors in my office has been a key factor for my growth and my commitment to Grant Thornton. One particular mentor started as my assigned coach, and then continued to provide critical advice and support to me as I progressed in my career. She helped me improve my accounting, business and leadership skills in a variety of areas that enabled me to advance my career to the next level.

I love the variety and change of pace I get from working with a diverse set of clients, from small pre-revenue startups to large international public companies. My most recent client, a manufacturing company that generates $800 million in annual revenue, left a longtime relationship with another large auditing firm, chiefly because of the Grant Thornton team’s willingness to listen deeply and learn the business, and our commitment to producing quality work.

One of Grant Thornton’s core values is “Responsibility” — a belief that every member of the team is trusted, and accountable to execute for the client. Recently I had an opportunity to live out that value, when a prospect explained to the Grant Thornton pitch team that their former auditing firm never allowed managers to make meaningful decisions for the team. The Grant Thornton lead partner on the relationship gave me the opportunity to take a lead role on the client’s proposal.

We won the business — the highlight of my year! — and at the same time I had an opportunity to take responsibility and enhance my professional judgment and decision-making skills. I appreciate that the Grant Thornton culture is always about opportunity and looking toward the future.

Creating a better tomorrow today.

We help people and organizations reach their full potential so we can build a better world together.

CREATING A BETTER TOMORROW TODAY

At Grant Thornton, we help people and organizations reach their full potential so we can build a better world together.

This sense of purpose drives our commitment to corporate social responsibility. It shapes the unique experience we create for one another and our clients, and inspires an inclusive, global perspective on the impact of our business on society. It leads us to run our business for the benefit of all our stakeholders. And it extends to everything we do – from our audit, tax and advisory work for organizations of all sizes, to our volunteerism, community outreach and philanthropy.

Our commitment begins with our people and their desire to work together and care for others, both within and outside of our organization. We know that when we combine our efforts and energies, we can solve big problems — in our communities, in our country and around the world.

For example, GTUnited — our innovative national volunteer engagement program — gives all our people an opportunity to get involved and help effect positive change in our communities, every day of the year. GTUnited invites our people to think globally and act locally, using the United Nations’ new sustainable development goals — the Global Goals — as a framework for our efforts.

Our commitment to the Global Goals also extends into the marketplace, because when businesses work together, we have an even greater ability to drive positive change. This is why we stepped forward with a select group of companies to be founding partners of Impact 2030, the first-ever global initiative to marshal the power of corporate volunteering in support of the Global Goals.

We are working to create a better tomorrow today through our individual and collective actions, as well as responsible business practices that will strengthen communities and markets, and improve quality of life for all. We encourage you to learn more about this important work in the highlights nearby.

1,400+

More than 1,400 people — and counting — have signed on to the GT24 Challenge, committing to complete a minimum of 33,600 hours of service this fiscal year.

328

People serving on GTUnited Councils representing 52 of our offices, with 5 more in development

90+

Hosted summit of 90+ corporate leaders in our NY office as part of United Nations Impact 2030 summit

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HONORING THEIR SERVICE

Grant Thornton’s support of our nation’s veterans goes far beyond a single initiative. It’s woven into our services, our people-first strategy and our community involvement. We strive not just to thank and honor veterans, but to help ensure for them a smooth transition back to civilian life. We know that their sacrifice doesn’t end when they return home. We recognize the value veterans bring to our profession and clients, and are honored to call them our colleagues.

Among the many activities we engage in to support veterans, we are working with Veterans Affairs to streamline management of veteran data across agencies, develop new models for care and help veterans access vital resources that promote mental health and wellbeing.

And we are committed to doing more. Whether it’s sponsoring Hire Our Heroes events, volunteering at the Army Ten-Miler, or collecting gifts and clothing for Operation Jumpstart, we are supporting veterans in the workplace and in the community, and thanking them for their service and sacrifice.

HONORING THEIR SERVICE

Grant Thornton’s support of our nation’s veterans goes far beyond a single initiative. It’s woven into our services, our people-first strategy and our community involvement. We strive not just to thank and honor veterans, but to help ensure for them a smooth transition back to civilian life. We know that their sacrifice doesn’t end when they return home. We recognize the value veterans bring to our profession and clients, and are honored to call them our colleagues.

Among the many activities we engage in to support veterans, we are working with Veterans Affairs to streamline management of veteran data across agencies, develop new models for care and help veterans access vital resources that promote mental health and wellbeing.

And we are committed to doing more. Whether it’s sponsoring Hire Our Heroes events, volunteering at the Army Ten-Miler, or collecting gifts and clothing for Operation Jumpstart, we are supporting veterans in the workplace and in the community, and thanking them for their service and sacrifice.

HELPING NONPROFITS DELIVER THEIR MISSION

Our commitment to corporate social responsibility extends into every facet of what we do and believe as a professional services firm. We are privileged to be one of the largest service providers to nonprofit organizations, which work each day to help millions of people around the world.

Our team of more than 400 not-for-profit audit, tax and advisory professionals helps organizations improve their operations, seize opportunities and address risks, enabling them to fulfill the promise of their missions. When these organizations are more effective at what they do, the benefits cascade through all the communities they serve.

We serve many leading nonprofit organizations, including nearly a third of the top-ranked organizations in the NonProfitTimes Top 100 and Forbes Top 50 US Charities. We are also dedicated to giving back by sharing our best-practice experience through useful and forward-looking thought leadership, including publications, articles, presentations, webcasts and training.

When we support our clients to deliver on their missions, we deliver on ours.

HELPING NONPROFITS DELIVER THEIR MISSION

Our commitment to corporate social responsibility extends into every facet of what we do and believe as a professional services firm. We are privileged to be one of the largest service providers to nonprofit organizations, which work each day to help millions of people around the world.

Our team of more than 400 not-for-profit audit, tax and advisory professionals helps organizations improve their operations, seize opportunities and address risks, enabling them to fulfill the promise of their missions. When these organizations are more effective at what they do, the benefits cascade through all the communities they serve.

We serve many leading nonprofit organizations, including nearly a third of the top-ranked organizations in the NonProfitTimes Top 100 and Forbes Top 50 US Charities. We are also dedicated to giving back by sharing our best-practice experience through useful and forward-looking thought leadership, including publications, articles, presentations, webcasts and training.

When we support our clients to deliver on their missions, we deliver on ours.

CHANGING THE WORLD, HOUR BY HOUR: THE GT24 CHALLENGE

If you had a day to change the world, what would you do? We asked our people this question, and they’ve responded enthusiastically.

Launched in 2016, the GT24 Challenge invites our people to complete a minimum of 24 hours of volunteer service in the coming year. To date, our people have committed to perform 33,600 volunteer hours (and counting) in FY16 in a wide range of activities, from mentoring high school students, to caring for the environment, keeping our foodbanks strong, and raising funds and awareness for important health issues, among other key examples.

Many of these hours will come through our nonprofit board service. Our people serve on more than 800 nonprofit boards across the country, providing critical leadership, governance and financial support to help these organizations achieve their goals.

The GT24 Challenge encourages our people to work toward solutions to the issues that matter most to them. At the same time, each hour they give helps move the needle on the Global Goals in their community.

CHANGING THE WORLD, HOUR BY HOUR: THE GT24 CHALLENGE

If you had a day to change the world, what would you do? We asked our people this question, and they’ve responded enthusiastically.

Launched in 2016, the GT24 Challenge invites our people to complete a minimum of 24 hours of volunteer service in the coming year. To date, our people have committed to perform 33,600 volunteer hours (and counting) in FY16 in a wide range of activities, from mentoring high school students, to caring for the environment, keeping our foodbanks strong, and raising funds and awareness for important health issues, among other key examples.

Many of these hours will come through our nonprofit board service. Our people serve on more than 800 nonprofit boards across the country, providing critical leadership, governance and financial support to help these organizations achieve their goals.

The GT24 Challenge encourages our people to work toward solutions to the issues that matter most to them. At the same time, each hour they give helps move the needle on the Global Goals in their community.

ACTIVATING THE PROMISE OF IMPACT 2030

We are a founding partner of Impact 2030, which encourages businesses to collaborate and focus their volunteering to achieve the United Nations’ 17 Global Goals over the next 14 years. Guided by this framework, we are working to help end extreme poverty and hunger, provide education opportunities, fight inequality and injustice and address climate change, among other critical issues.

We were energized to be a part of Impact 2030’s first summit in September 2016, drawing more than 150 corporate social responsibility and social sector leaders, whose organizations represent an estimated five million employees globally. Impact 2030 is a blueprint for aligning our time and talent with other organizations equally committed to creating positive change.

Highlights included an opening session at the United Nations and workshops at a small number of corporate offices in New York City, including Grant Thornton. We talked about how businesses can collaborate and measure success toward the goals. Grant Thornton hosted more than 90 corporate leaders, and provided pro bono support to develop the workshops.

We are working with our Impact 2030 partners to advance our work toward the Global Goals begun this year. As leaders in this vital initiative, we are working to bring meaningful change to countless communities in need.

ACTIVATING THE PROMISE OF IMPACT 2030

We are a founding partner of Impact 2030, which encourages businesses to collaborate and focus their volunteering to achieve the United Nations’ 17 Global Goals over the next 14 years. Guided by this framework, we are working to help end extreme poverty and hunger, provide education opportunities, fight inequality and injustice and address climate change, among other critical issues.

We were energized to be a part of Impact 2030’s first summit in September 2016, drawing more than 150 corporate social responsibility and social sector leaders, whose organizations represent an estimated five million employees globally. Impact 2030 is a blueprint for aligning our time and talent with other organizations equally committed to creating positive change.

Highlights included an opening session at the United Nations and workshops at a small number of corporate offices in New York City, including Grant Thornton. We talked about how businesses can collaborate and measure success toward the goals. Grant Thornton hosted more than 90 corporate leaders, and provided pro bono support to develop the workshops.

We are working with our Impact 2030 partners to advance our work toward the Global Goals begun this year. As leaders in this vital initiative, we are working to bring meaningful change to countless communities in need

DEVELOPING LEADERS THROUGH SERVICE

The engine for Grant Thornton’s GTUnited volunteer engagement program are our volunteer councils, which we’ve established in 90% of our offices nationally. These councils, managed by more than 300 of our people and open to all in our firm, help us deliver on our commitment to community involvement. These councils engage the interests of our people and provide a local platform for leadership.

Each GTUnited council oversees all office-wide volunteering, implements programs to address the issues we have targeted for action, and ensures we are communicating, executing and measuring our progress. The councils also provide unique and accessible learning and development opportunities for all of our people at all levels.

The people of Grant Thornton have a passion for service. Our GTUnited council network provides an opportunity for our colleagues to connect and demonstrate that commitment.

DEVELOPING LEADERS THROUGH SERVICE

The engine for Grant Thornton’s GTUnited volunteer engagement program are our volunteer councils, which we’ve established in 90% of our offices nationally. These councils, managed by more than 300 of our people and open to all in our firm, help us deliver on our commitment to community involvement. These councils engage the interests of our people and provide a local platform for leadership.

Each GTUnited council oversees all office-wide volunteering, implements programs to address the issues we have targeted for action, and ensures we are communicating, executing and measuring our progress. The councils also provide unique and accessible learning and development opportunities for all of our people at all levels.

AThe people of Grant Thornton have a passion for service. Our GTUnited council network provides an opportunity for our colleagues to connect and demonstrate that commitment.

Shaping tomorrow’s ideas — and businesses — today

We are investing in people, culture and technology so we can drive continuous quality improvement.

Quality as the foundation of all we do

We are continuing to invest in people, tools and systems to ensure quality is at the heart of everything we do — the foundation on which we are building the firm for the future. By embedding the strongest commitment to quality in our processes and protocols throughout the firm, we will ensure we are helping to protect and increase trust in our clients, in our firm and in the capital markets.

Quality as the foundation of all we do

We are continuing to invest in people, tools and systems to ensure quality is at the heart of everything we do — the foundation on which we are building our firm for the future. By embedding the strongest commitment to quality in our processes and protocols throughout the firm, we will ensure we are helping to protect and increase trust in our clients, in our firm and in the capital markets.

Adopting the technology and capabilities of the future

We’re enhancing our business technology, looking to add systems that will be a springboard for data analytics and digital capabilities we are developing. We also are advancing our audit and tax quality with implementation of new, improved, global systems and practices that will enable us to deliver a truly distinctive client experience.

Adopting the technology and capabilities of the future

We’re enhancing our business technology, looking to add systems that will be a springboard for data analytics and digital capabilities we are developing. We also are advancing our audit and tax quality with implementation of new, improved, global systems and practices that will enable us to deliver a truly distinctive client experience.

Investing in people and growth

We are making major investments in our people and our clients, building strong, strategic relationships via our client programs and through ongoing C-suite, board and audit committee capabilities training for our people. We’re investing in our brand with our new positioning and redesign of www.grantthornton.com ; local and national sponsorships such as the Tony Awards, PGA Championship and the Ryder Cup; and a national media/ad campaign set to launch in 2017. And we are continuing to invest in our work to build a strong, positive, differentiated culture and a unique, high-performance organization.

Investing in people and growth

We are making major investments in our people and our clients, building strong, strategic relationships via our client programs and through ongoing C-suite, board and audit committee capabilities training for our people. We’re investing in our brand with our new positioning and redesign of www.grantthornton.com; local and national sponsorships such as the Tony Awards, PGA Championship and the Ryder Cup; and a national media/ad campaign set to launch in 2017. And we are continuing to invest in our work to build a strong, positive, differentiated culture and a unique, high-performance organization.

Acquisitions

Grant Thornton acquired a consulting firm based in Bellevue, Washington called ARRYVE in spring of 2016. The firm specializes in change management, business analysis and process engineering. The ARRYVE team is a natural fit within Advisory Services, which is working to integrate consulting and technology capabilities to help clients accelerate growth. We will continue to look for strategic acquisitions that will add new capabilities and areas of expertise for our clients.

Acquisitions

Grant Thornton acquired a consulting firm based in Bellevue, Washington called ARRYVE in spring of 2016. The firm specializes in change management, business analysis and process engineering. The ARRYVE team is a natural fit within Advisory Services, which is working to integrate consulting and technology capabilities to help clients accelerate growth. We will continue to look for strategic acquisitions that will add new capabilities and areas of expertise for our clients.