Chicago (Sept. 3, 2003) -- In an effort to avoid any hint of impropriety - or possible censure -- Grant Thornton announced Tuesday that it would stay away from advising public audit clients on any aspect of their internal controls.

The nation’s fifth largest accounting firm said it would no longer accept engagements to document or evaluate public company controls if it serves as that company’s outside auditor, but would instead refer the company to another firm.

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