Receiver of US investment advisory firm says Grant Thornton Ireland partner helped to ‘tailor wording’ in audit to minimise investor concerns
Grant Thornton, Dublin. A US investment advisory firm was left with a $400m black hole in its balance sheet
Accountancy firm Grant Thornton Ireland has been accused of taking part in a cover-up by colluding during audits to help a US investment advisory firm persist with fraudulent activity that resulted in a $400m (€376m) black hole in the Florida firm’s balance sheet.
A partner at Grant Thornton Ireland, John Glennon, has also been accused in the same legal action of having helped the US firm’s master fund to tailor the wording of potentially negative audit findings to minimise investor concerns.
