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Richard Thomas has joined Grant Thornton to bolster the agency’s public sector providing. He arrives as its new head of monetary reporting and accounting assist companies.
Mark Shares, head of public sector assurance, Grant Thornton UK, commented, “We’re thrilled to welcome Richard to the agency. Public sector accounting has grown considerably extra advanced over the previous few years and the calls for on finance groups are rising. Richard will likely be very important to the profitable supply of this new, much-needed service, supporting finance groups by this difficult interval. The creation of this providing demonstrates our ongoing dedication to the general public sector and dedication to listening to, and adapting to fulfill, our shoppers’ evolving wants.”
Grant Thornton’s public sector assurance workforce offers impartial assurance throughout the vary of public sector our bodies, together with native authorities and NHS, to evaluate dangers and processes, and assist them to construct belief. As head of public sector monetary reporting and accounting assist, Thomas will lead the event and supply of a brand new service providing for the agency, to assist public sector finance features with advanced accounting and finance challenges.
The brand new providing will present specialist recommendation and extra capability for finance groups to assist with particular technical accounting points, accounting customary implementation, monetary reporting, one off occasions or specialist assist for choice making, and course of enchancment for accounts manufacturing and audit readiness.
To supervise this, Thomas joins the agency with over 22 years’ expertise supporting organisations throughout the general public sector. He brings with him in depth data, after performing as an exterior auditor inside native authorities and well being over a 21-year stint with PwC. He now specialises in offering assist to public sector finance features round technical accounting, monetary reporting, finance operate enchancment and management and course of enchancment. He additionally specialises in supporting public sector organisations with large-scale accounting and assurance supply tasks in central authorities.
Commenting on his appointment, Thomas, added, “I’m delighted to be becoming a member of Grant Thornton and am excited to develop a service that gives public sector finance features with entry to specialist capability to efficiently take care of lots of the advanced challenges that they face. Grant Thornton is understood for its dedication to the general public sector and I’m wanting ahead to working with the skilled workforce right here to additional diversify the agency’s providing.”
Grant Thornton’s renewed emphasis on public sector audit comes at a time when it appears to have taken a step again from top-tier personal sector shoppers. In keeping with figures from the Monetary Reporting Council, since 2016, Grant Thornton has eliminated more than 70% of public curiosity entity shoppers from its books, together with outstanding listed corporations and insurers.
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