Ron Messenger

CEO of Grant Thornton's audit business who led the firm’s transition to an alternative practice structure after private equity investment; spoke about the services agreement, independence safeguards, and audit quality.

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Nov 5, 2025 • 21min

Grant Thornton Leader Leveraged PE Deal to Raise Audit Bar

Ron Messenger, CEO of Grant Thornton's audit business, shares insights on navigating the firm’s shift to a private equity-backed structure. He discusses the innovative two-part legal framework designed to protect audit integrity while leveraging investment. The conversation highlights the crucial services agreement that outlines governance and resource sharing. Ron emphasizes the importance of maintaining high audit quality amidst profit pressures and the role of regulators in safeguarding independence. His advice to firms considering outside capital focuses on collaboration and strategic planning.

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