Foreword from the CEO

Ed Nusbaum
Chief executive officer
Grant Thornton International

The 2012 Grant Thornton international transparency report is a public statement of our commitment to provide high quality assurance services to organisations operating throughout the world.

This report is designed to help our many stakeholders (including clients, audit committees, regulators and the general public) understand our global organisation – our governance and management structure and how Grant Thornton delivers high quality assurance services throughout the world. Our stakeholders rightly expect us to have people, processes and technology in place that result in quality service regardless of where we operate.

Our combined global revenues for the year to 30 September 2011 were $3.8 billion, an increase of 3.1% from 2010. Assurance services accounted for approximately 45% of that total or $1.7 billion. Despite the continued troubles faced by the global economy, I am delighted that Grant Thornton has achieved growth in 2011 across all regions and service lines and, in some countries, by significant margins. We knew 2011 would be another challenging year but we continued to invest in our global network through mergers and acquisitions. We have an ambition to earn a reputation as the leading business advisers to dynamic organisations by unlocking their potential for growth.

In 2012 we will continue to focus on quality and build upon our reputation for distinctive client service. Grant Thornton’s 31,000 people in over 100 countries are committed to making a difference for
clients, other stakeholders and the global community.

Ed Nusbaum
Chief executive officer
Grant Thornton International
March 2012