Chicago-based IPA 100 firm Grant Thornton LLP (FY24 net revenue of $2.37 billion) has named Craig Woodfield national managing partner of assurance quality and risk. In the role, Woodfield will oversee all quality control and risk functions for the firm’s audit and assurance business. He succeeds Jeff Hughes, who will retire in June 2026 after a 40-year career with the firm.
“At Grant Thornton, quality is the foundation of all that we do,” said Ron Messenger, CEO of Grant Thornton LLP. “Craig brings a wealth of experience and a deep commitment to quality, integrity and trust that will help us continue to raise the bar on our quality-focused initiatives. Jeff’s tenure has been instrumental in strengthening our controls and risk management framework, and I look forward to Craig building on that momentum.”
Based in New York City, Woodfield joined Grant Thornton in 2007 and has more than 30 years of experience in the accounting and audit profession. Most recently, he served as the firm’s Northeast region audit practice leader. His previous roles include audit practice leader for the East and Central regions, engagement partner focused on the financial services and technology industries and partner in the firm’s professional standards group. Prior to joining the firm, Woodfield held chief financial officer and other executive-level roles.
Woodfield’s appointment aligns with ongoing audit quality initiatives at Grant Thornton, including continued investment in advanced technologies, enhanced quality controls, strengthened training programs and expanded pre-issuance reviews designed to promote consistency and continuous improvement across audit engagements.
