Following on from our recent controversial posts regarding BDO, some welcome gossip from accounting mid-tier Grant Thornton came through over the weekend.
We received this rumour from an anonymous GT spy:
Hello firm spy. I’m at Grant Thornton in Sydney and I thought you would like to hear this little tale.
The GT national finance team has been producing shoddy reports on firm results for years (yes years!!!) ever since the national merger and they botched a cost cutting program called ’project synergy’.
They seemed to have dreams of low costs, national centralisation etc, but the GT business transformation team in Melbourne that dreamt this stuff up, really made a mess of it here in sydney.
The national finance team in particular was decimated. All the good people left and only new people with no idea seem to remain. Then recently the firm’s financials went through an external audit and guess what? All sorts of irregularities turned up. You know, like crap accounting practices.
After the recent audit, the COO immediately was asked to leave (he ’resigned’) and his direct report the CFO is probably next. None of the national people here seem to have any clue whatsoever.
Given that we are meant to be experts in accounting and auditing, it’s a pretty sad state of affairs. If anyone knows of some good accountants then send them our way as we seem to need a few.
Whoops! An accounting firm with financial irregularities is a bit like this chick picking up a nomination for the gold logie – fishy and good for Monday gossiping.
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Ha ha – Grant Thorton and gossip about cooked books.
Whenever I see Grant Thorton’s name on an expert’s report I look at it very closely. All expert’s reports are a bit of a joke, but GT seem to specialize in getting close to management which is another way of saying some of these expert’s reports may be just commissioned opinions for a fee.
These guys could win a cook off anytime!!
There is one special chef right at the top who has some interesting cooking skills and likes to make his pantry decisions alone.
Get that, no advice just me and myself, then you guys can live it it, turns out to be the wrong recipe? no problem, for creative cooking come on down.