Grant Thornton LLP reported revenues increased 29 percent to $728 million during the fiscal year ending July 31, 2005 making it the revenue growth leader for U.S. operations of global accounting organizations.

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“Growth is a natural outcome of quality service,” Edward Nusbaum, CEO of Grant Thornton LLP said in announcing the revenue growth. “I’m proud of our people – in truly living our guiding principles, in their demonstration of thought leadership to the accounting profession, in truly living our guiding principles, in their continued ability to provide independent, quality, services to mid-cap, small-cap and privately-held clients, and in their increasing success in providing non-audit services to Fortune 1000 clients.”

Grant Thornton LLP ranked highest among accounting firms managing audits with clients with less than $1 billion in revenue in the J.D. Power and Associates 2004 Audit Firm Performance Study. The firm also placed second overall among companies of all sizes in the J.D. Power and Associates 2004 Tax Firm Performance Study.

“We are particularly gratified with that study because it identifies trustworthiness as one of our main attributes in the eyes of clients,” Nussbaum said in the announcement.

Grant Thornton LLP is the U.S. member firm of Grant Thornton International providing clients with access to professionals in 110 countries. During the past fiscal year, more than half of all new Grant Thornton LLP clients have global operations.

“For clients, the Grant Thornton Experience means easy access to our resources in the United States and around the world through Grant Thornton International member firms,” Russell Wieman, Managing Partner of Assurance & Advisory Services said in the statement.