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Accountancy giants are cutting ties with Moscow. Will this extend to the books they watch for Russian firms in Ireland?
EY and Grant Thornton are the registered auditors of Irish companies channelling multi-billion-dollar Russian interests, now targeted by international sanctions. They are severing ties with partner firms in Russia, but what will happen in Ireland is less clear.
8th Mar, 2022 – 5 min read
Thomas Hubert
Senior Correspondent
The great exodus from the facilitation of Russian money around the world is underway, and a number of Irish professional services providers have been no stranger to this business. While the navigation of Ireland’s legal system for Russian corporate clients has been the near-exclusive preserve of one firm – Arthur Cox, which has reported ceasing to act for a number of Russian clients – audit accounting appears as more of a duopoly between EY and Grant Thornton. One indicator of each firm’s presence in this market is the list of clients for which they act as registered auditors, signing off…
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