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Violation Tracker Individual Record

Company: Grant Thornton India LLP and Grant Thornton Audit Pty Limited
Current Parent Company: Grant Thornton
Penalty: $365,085
Year: 2015
Date: October 1, 2015
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited agreed to settle alleged auditor independence violations that occurred when two Grant Thornton Mauritius partners served on the boards of Mauritius-based subsidiaries of companies that were Grant Thornton audit clients and performed non-audit services prohibited under the SEC's auditor independence rules.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.