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Violation Tracker Individual Record

Company: Grant Thornton LLP
Current Parent Company: Grant Thornton
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $4,500,000
Year: 2015
Date: December 2, 2015
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: National audit firm Grant Thornton LLP and two of its partners agreed to settle charges that they ignored red flags and fraud risks while conducting deficient audits of two publicly traded companies that wound up facing SEC enforcement actions for improper accounting and other violations.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.