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IFRS - there's nowhere to hide - Grant Thornton

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12<br />

Volume 2. November 2005<br />

You are always welcome <strong>to</strong><br />

contact us...<br />

chat line<br />

...features exciting developments at our firm.<br />

<strong>Grant</strong> Thorn<strong>to</strong>n International turns 25<br />

<strong>Grant</strong> Thorn<strong>to</strong>n International celebrates 25 years as the<br />

longest same-name international accounting network. This<br />

worldwide umbrella organisation of independent<br />

accounting firms now boasts 91 independent member<br />

firms in 88 countries.<br />

South Africa became a member of the international<br />

network in 1991, whilst still known as Kessel Feinstein.<br />

To celebrate this miles<strong>to</strong>ne, twenty-five year old employees<br />

were interviewed on why they joined <strong>Grant</strong> Thorn<strong>to</strong>n. Many were attracted by the<br />

integrity and professionalism of the firms, opportunities for personal and<br />

professional development and the work environment. Here is what Duan Brink,<br />

Assistant Audit Manager, Johannesburg, thinks of the firm:<br />

“The firm affords employees a lot of opportunity for growth, allowing them <strong>to</strong><br />

excel in their chosen fields.”<br />

New partner in Durban<br />

Congratulations <strong>to</strong> Ahmed Timol, who was appointed as<br />

partner in our Durban office in September. Ahmed joined<br />

<strong>Grant</strong> Thorn<strong>to</strong>n as a trainee in 1999 and, on completion<br />

of his articles, was appointed an Audit Supervisor and<br />

then Audit Manager in July 2002.<br />

Ahmed completed his BCom degree at the University of<br />

Natal, in 1991 and obtained his postgraduate diploma in<br />

accounting the following year.<br />

In the Queen's favour<br />

<strong>Grant</strong> Thorn<strong>to</strong>n International's Worldwide CEO, David<br />

McDonnell has been honoured by Queen Elizabeth II as a<br />

Commander of the British Empire (CBE) as part of<br />

her 2005 birthday honours list. These decorations are<br />

awarded <strong>to</strong> people who have made a distinguished<br />

contribution <strong>to</strong> the country or community.<br />

David, who has been with <strong>Grant</strong> Thorn<strong>to</strong>n for over<br />

40 years comments, “It is obviously a great honour <strong>to</strong><br />

receive the CBE on a personal level and I am<br />

genuinely delighted. However, it must be recognised<br />

that my appointment is a great reflection on the firm<br />

as a whole.”<br />

Fond farewell<br />

The Johannesburg office recently said goodbye <strong>to</strong> two<br />

partners.<br />

Janys Finn, the first female <strong>to</strong> have been made<br />

partner left <strong>Grant</strong> Thorn<strong>to</strong>n at the end of September<br />

<strong>to</strong> join Investec.<br />

Jack Laser, who has been a partner for 18 years retired at the end of Oc<strong>to</strong>ber.<br />

Jack will be staying on in a consultative capacity.<br />

Cape Town<br />

Deryck Woolley<br />

The Pinnacle, 5th Floor, Cnr Strand & Burg Street,<br />

Cape Town, 8001<br />

P O Box 1550, Cape Town, 8000<br />

T +27 (0) 21 481 9000<br />

F +27 (0) 21 481 9020<br />

E mail@gtct.co.za<br />

Durban<br />

Tony Berman<br />

2nd Floor, 4 Pencarrow Crescent, Pencarrow Park,<br />

La Lucia Ridge Office Estate, 4019.<br />

P O Box 752, Durban, 4000<br />

T +27 (0) 31 576 5500<br />

F +27 (0) 31 576 5555<br />

E mail@gtdbn.co.za<br />

East London<br />

Tony Balshaw<br />

26 Vincent Road, Vincent, 5247<br />

P O Box 313, East London, 5200<br />

T +27 (0) 43 726 9898<br />

F +27 (0) 43 726 9899<br />

E gtel@gtec.co.za<br />

Johannesburg<br />

Leonard Brehm<br />

137 Daisy Street, Cnr Grays<strong>to</strong>n Drive,<br />

Sandown, 2196<br />

Private Bag X28, Benmore, 2010<br />

T +27 (0) 11 322 4500<br />

F +27 (0) 11 322 4545<br />

E info@gt.co.za<br />

Port Elizabeth<br />

Tony Balshaw<br />

165 Cape Road, Port Elizabeth, 6001<br />

PO Box 35133, New<strong>to</strong>n Park, 6055<br />

T +27 (0) 41 373 4200<br />

F +27 (0) 41 373 4201<br />

E gtpe@gtec.co.za<br />

Pre<strong>to</strong>ria / Tshwane<br />

Johan Blignaut<br />

121 Boshoff Street,<br />

New Muckleneuk, 0181<br />

P O Box 1470, Pre<strong>to</strong>ria, 0001<br />

T +27 (0) 12 346 1430<br />

F +27 (0) 12 346 2502<br />

E gtpta@gtpta.co.za<br />

Media enquiries...<br />

Jennifer Kann<br />

T +27 (0) 11 322 4588<br />

E jkann@gt.co.za<br />

Edi<strong>to</strong>rial Panel: Leonard Brehm, National Chairman;<br />

Pamela Grayman, National Marketing Principal;<br />

Jennifer Kann, Communications Manager;<br />

David Reuben, Partner<br />

Audi<strong>to</strong>rs, Accountants & Business Advisers<br />

South African member of <strong>Grant</strong> Thorn<strong>to</strong>n International<br />

Sub-Saharan Offices in: Botswana, Kenya, Mauritius,<br />

Namibia, Tanzania, Uganda and Zambia<br />

Visit our website on www.gt.co.za<br />

Are you an Alumni You can update or register your details with us at www.gt.co.za<br />

Advisers <strong>to</strong> the independently minded

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