Audit firm Grant Thornton has won a new contract in the audit market
Grant Thornton has won the audit contract of the IFRS Foundation. The tender went out to the audit market and it involved seven audit firms battling it out to win the audit contract.
Grant Thornton is taking over from BDO who held the contract for 11 years. BDO will still remain as the providers of corporate tax services to IFRS Foundation for its UK and US arms.
The decision was made at the October meeting in Frankfurt.
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