Word: thorntons
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Dates: during 2000-2009
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...measures have "put the fear of God" in corporate bosses and their employees "to make sure that auditors get accurate information," says Edward Nusbaum, CEO of Grant Thornton, the nation's sixth largest accounting firm. Gary Shamis, a managing partner at SS&G Financial Services in Cleveland, Ohio, says he recently met with the audit committee of a client "for the first time in 20 years." Because auditors are under greater scrutiny and because the law demands it, they must also document the process more meticulously...
...part is why audit fees for FORTUNE 500 companies are expected to climb 38% this year, according to a survey by the Public Accounting Report. Top lines for accounting firms already look healthier. Ernst & Young booked a 17.4% revenue increase in its 2003 fiscal year, to $5.3 billion. Grant Thornton booked a 21% increase, to $485 million. The other winners? Smaller shops, which are absorbing business that the big audit firms are barred from providing, such as running tests of internal controls for clients. "The environment for these services is phenomenally good," says Stephen Giusto, CFO of Resources Connection...
Boston Bruins. Joe Thornton and I are friends...
...Bank of America and auditing houses Grant Thornton and Deloitte & Touche also face indictment (they deny wrongdoing). Prosecutors hope to skip the preliminary hearing and obtain rapid convictions in a case that has eroded confidence in Italian industry and finance. Another important delivery arrived last week, as state-appointed executor Enrico Bondi presented his bailout plan. He hopes to sell all noncore businesses and reduce Parmalat's brands from 120 to 30 (concentrating on fruit juices and, of course, milk). Prosecutors in Milan are expected to seek more trials, under normal timetables, against other suspects. T-Mobile's Berry...
...dumbest line not written by George Lucas). I’ll probably also skip Dogville, because I’m not inclined to check out another Von Trier, even if he’s spinning Our Town. If I have to watch a Dogme man reinterpret Thornton Wilder, I’ll wait for Thomas Vinterberg to take a deranged stab at The Matchmaker...