Grant Thornton International expels Italian member firm

Grant Thornton International has terminated its relationship with its member firm Grant Thornton SpA , in the wake of the investigation into its involvement in the Parmalat scandal. According to David McDonnell, chief executive of Grant Thornton International, “Grant Thornton SpA has been unable to provide sufficient assurances or access to the appropriate information and people in an acceptable timeframe. We have lost confidence in Grant Thornton SpA and are therefore acting clearly and decisively to protect our clients and the reputation of all the other independent firms in the international network.†The implications of the end of the working relationship are that Grant Thornton SpA can no longer operate as part of the network, nor can it use the company name or perform any further work on its behalf.

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• Southern Europe