Our commitment to audit quality

To our clients and the business community:

For nearly 100 years, Grant Thornton has been providing exceptional audit and assurance services to the domestic and global marketplace. We operate with quality as our North Star and our foundation, regularly identifying and addressing challenges, while always building on our capabilities.

Today, for example, we’re leaning into technology and innovation. Advanced technologies such as artificial intelligence (AI) are helping us conduct more effective audits and empower our people to deliver on every engagement with high quality. Already, we’re creating AI systems to analyze and identify areas of audits that have historically required added scrutiny, while also using AI to monitor cloud-based audits. And we’re using AI for ICFR (internal control over financial reporting) engagements.

We’re also reinventing the way we train and upskill our people — from how and who we hire to how we train and coach our teams. And we’re implementing new policy and process updates, and heightening quality controls.

At the same time, we’re standardizing work papers to drive consistency, and we’re deploying a new pre-issuance review team that executes inspections on public company audit files prior to issuing audit reports. Similarly, we’re utilizing an audit quality pod system designed to drive actions that continuously improve audit quality.

Even with these industry-leading initiatives and many others, we recognize we can’t do it alone. That’s why we established the Grant Thornton Audit Quality Advisory Council in 2018, and named two new members earlier this year. This council provides practical and objective advice to help Grant Thornton deliver high-quality audits.

From our clients to the investors, lenders and other constituents who count on the quality of our audits, we are committed to providing the highest possible audit quality for every client, on every engagement, every day. Our work has never mattered more.

You can read additional details about our quality initiatives in our most recent Audit Quality and Transparency Report.