Grant Thornton‘s U.S. member firm announced financial results for its 2012 fiscal year, ended July 31.
The firm reported a 9.3 percent increase in revenue year-over-year, generating $1.212 billion in fiscal 2012.
Grant Thornton’s audit practice grew 5.4 percent over that period, with the firm crediting the practice with generating more than $500 billion in revenue for the first time in its history.
The firm’s tax practice grew 12.5 percent, while the advisory business was up 14.5 percent year-over-year.
According to the release, mergers and acquisitions helped drive revenue gains over the course of the fiscal year as Grant Thornton acquired CCR LLP, a New England-based accounting and advisory and Computer Technology Associates’ health services division.