Overview

What is the Transparency Report?

This report is designed to help our stakeholders understand us better and to demonstrate that we have the skills, resources, and tools needed to conduct high-quality audit engagements objectively and effectively. Grant Thornton continues to invest in these areas to strive for continuous quality improvement.

See our previous reports

Transparency report 2022 (PDF) [3268 kb]
Our mission at Grant Thornton is to build a strong business, which is focused on quality, supports Gibraltar’s economy, and delivers growth in a sustainable manner. In this regard, 2023 was another year of significant development for the firm. The practice continued to grow its base of high-quality clients with an additional three Public Interest Entity audits being undertaken in the year.
Neal Taylor Partner - Audit and Assurance
Diverse group of business people walking through office corridor.
1.

Quality

  • Successfully passed the latest GTIL review with no significant findings.
  • Implemented the new ISA compliant audit methodology developed by GTIL.
2.

People and culture

  • Staff numbers have been growing to 25, more than tripling since 2021.
  • Fostered links with the University of Gibraltar, through placement of students and a bursary to the most outstanding accountancy and finance student.
Diverse employees chatting during coffee break, walking in modern office, Asian businesswoman wearing glasses sharing ideas, discussing project with colleague, having pleasant conversation
Contemporary elegant diverse woman and man smiling happily while talking and walking on street on background of modern glass building
3.

Financial performance

  • +40% net revenue grew from £1,404M to £1,959M.
  • Strong growth in statutory audits for PIEs and in non-audit services.
  • Grant Thornton UK took a 50% ownership stake to provide additional knowledge and expertise in the Gibraltar market.
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Year end - Dec 2023

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Discover our 2023 Transparency Report for Grant Thornton Gibraltar, showcasing our dedication to audit quality, governance, and sustainability.

Download the PDF report [8957 kb]