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Audit approach overview
Our audit approach will allow our client's accounting personnel to make the maximum contribution to the audit effort without compromising their ongoing responsibilities
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Annual and short period audit
At P&A Grant Thornton, we provide annual and short period financial statement audit services that go beyond the normal expectations of our clients. We believe strongly that our best work comes from combining outstanding technical expertise, knowledge and ability with exceptional client-focused service.
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Review engagement
A review involves limited investigation with a narrower scope than an audit, and is undertaken for the purpose of providing limited assurance that the management’s representations are in accordance with identified financial reporting standards. Our professionals recognize that in order to conduct a quality financial statement review, it is important to look beyond the accounting entries to the underlying activities and operations that give rise to them.
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Other Related Services
We make it a point to keep our clients abreast of the developments and updates relating to the growing complexities in the accounting world. We offer seminars and trainings on audit- and tax-related matters, such as updates on Accounting Standards, new pronouncements and Bureau of Internal Revenue (BIR) issuances, as well as other developments that affect our clients’ businesses.
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Tax advisory
With our knowledge of tax laws and audit procedures, we help safeguard the substantive and procedural rights of taxpayers and prevent unwarranted assessments.
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Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
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Corporate services
For clients that want to do business in the Philippines, we assist in determining the appropriate and tax-efficient operating business or investment vehicle and structure to address the objectives of the investor, as well as related incorporation issues.
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Tax education and advocacy
Our advocacy work focuses on clarifying the interpretation of laws and regulations, suggesting measures to increasingly ease tax compliance, and protecting taxpayer’s rights.
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Business risk services
Our business risk services cover a wide range of solutions that assist you in identifying, addressing and monitoring risks in your business. Such solutions include external quality assessments of your Internal Audit activities' conformance with standards as well as evaluating its readiness for such an external assessment.
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Business consulting services
Our business consulting services are aimed at addressing concerns in your operations, processes and systems. Using our extensive knowledge of various industries, we can take a close look at your business processes as we create solutions that can help you mitigate risks to meet your objectives, promote efficiency, and beef up controls.
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Transaction services
Transaction advisory includes all of our services specifically directed at assisting in investment, mergers and acquisitions, and financing transactions between and among businesses, lenders and governments. Such services include, among others, due diligence reviews, project feasibility studies, financial modelling, model audits and valuation.
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Forensic advisory
Our forensic advisory services include assessing your vulnerability to fraud and identifying fraud risk factors, and recommending practical solutions to eliminate the gaps. We also provide investigative services to detect and quantify fraud and corruption and to trace assets and data that may have been lost in a fraud event.
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Cyber advisory
Our focus is to help you identify and manage the cyber risks you might be facing within your organization. Our team can provide detailed, actionable insight that incorporates industry best practices and standards to strengthen your cybersecurity position and help you make informed decisions.
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ProActive Hotline
Providing support in preventing and detecting fraud by creating a safe and secure whistleblowing system to promote integrity and honesty in the organisation.
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Accounting services
At P&A Grant Thornton, we handle accounting services for several companies from a wide range of industries. Our approach is highly flexible. You may opt to outsource all your accounting functions, or pass on to us choice activities.
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Staff augmentation services
We offer Staff Augmentation services where our staff, under the direction and supervision of the company’s officers, perform accounting and accounting-related work.
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Payroll Processing
Payroll processing services are provided by P&A Grant Thornton Outsourcing Inc. More and more companies are beginning to realize the benefits of outsourcing their noncore activities, and the first to be outsourced is usually the payroll function. Payroll is easy to carve out from the rest of the business since it is usually independent of the other activities or functions within the Accounting Department.
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Our values
Grant Thornton prides itself on being a values-driven organisation and we have more than 38,500 people in over 130 countries who are passionately committed to these values.
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Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
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Learning & development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day. And when you are at your best, we are the best at serving our clients
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Global talent mobility
One of the biggest attractions of a career with Grant Thornton is the opportunity to work on cross-border projects all over the world.
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Diversity
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
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In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
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Behind the Numbers: People of P&A Grant Thornton
Discover the inspiring stories of the individuals who make up our vibrant community. From seasoned veterans to fresh faces, the Purple Tribe is a diverse team united by a shared passion.
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Fresh Graduates
Fresh Graduates
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Students
Whether you are starting your career as a graduate or school leaver, P&A Grant Thornton can give you a flying start. We are ambitious. Take the fact that we’re the world’s fastest-growing global accountancy organisation. For our people, that means access to a global organisation and the chance to collaborate with more than 40,000 colleagues around the world. And potentially work in different countries and experience other cultures.
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Experienced hires
P&A Grant Thornton offers something you can't find anywhere else. This is the opportunity to develop your ideas and thinking while having your efforts recognised from day one. We value the skills and knowledge you bring to Grant Thornton as an experienced professional and look forward to supporting you as you grow you career with our organisation.
Five steps to a successful fundraise in technology
04 Jul 2016By: Tallat Mahmood
When raising capital, make sure you don't waste time and money in the process. Here's how to get it right.
At some point or other along the life cycle of your technology business, it is likely you will need access to additional capital to help realise your growth plans. This funding may be required for sales and marketing, developing your technology, growing your team or other strategic ambition.
Whatever the reason, raising capital is usually a critical point for any business and one that can turn sour very quickly unless you’re prepared and take good advice. It is extremely important to think carefully about how you start this process.
We’ve outlined five steps that you need to think about before beginning a fundraise for your technology business to ensure you successfully secure the funding you need, and don’t waste time and money in the process.
1. Have a sensible business plan
The first thing any potential investor will want to have a look at is a business plan that explains what you’re looking to do, and how. It’s not necessary to fill 100 pages with excessive detail around every aspect of your business but it is important that you are able to explain key milestones in the story of your business, past, present and future.
You will also need to clearly articulate the opportunity for any investor. In other words, why should they invest?
2. Firm up your financials
The financials are the linchpin to any fundraise. They both highlight historical activity and demonstrate how you expect to grow the business.
Where business owners tend to falter is in not being able to justify their numbers properly. The strongest justification is having a track record that you’re looking to continue or accelerate. However, generally you ought to think about what proofs points you can point investors towards to get them to believe that you will achieve the growth you expect.
Is your growth predicated on a change in regulation or some other market development? Is the growth due to come from some new functionality of your offering? Or through a new market you are looking to focus on? Exploring such avenues will help justify why you believe you will achieve the growth you expect.
3. Prepare your PR landscape
An often-overlooked area when preparing for a fundraise is ensuring the business has the right public relations support. This can be either internal or external PR.
Internal PR can be a new client win, or a significant new hire with a strong reputation in your niche market. Such developments can help to improve the perception of your business with investors. However, internal PR is difficult to engineer so that it coincides with a fundraise.
External PR on the other hand is easier to plan for. Getting featured in a relevant industry publication or having some unique feature of your business publicised is extremely helpful prior to any process.
The right PR creates the right perception around your business and helps stand you out from the competition.
4. Get your house in order
It’s easy to underestimate the amount of time required by fundraising. The majority of this time burden is usually on management (depending on the size of the team) as they respond to information requests and provide that information to investors.
Without doubt, the best way for management to limit the burden on their time is to ensure their house is in order. This means making sure all contracts are signed and financial information is up to date. In particular, make sure that intellectual property (IP) of any technology in your business is assigned to the company as opposed to any individual. This is a common pitfall when the IP is assigned to an individual and causes unnecessary frustration during a fundraising process.
Finally, it is important to have shareholders in check prior to a process. The last thing an investor wants is to compete with a large shareholder base that is disorganised and has restrictive rights or protections. To that end, it would make sense to seek early legal advice on your corporate structure.
5. Put the right team in place
Any funder will be putting a large amount of credence into the team that leads the business. Ultimately, they are relying on you and your team to deliver the growth that you are forecasting.
Consequently, it is critically important that there are no fundamental gaps in key roles that are core to the business. It is also important that any roles needed to deliver growth in the business in future are also factored into the plan.
As published in The Philippine Daily Inquirer, dated 4 July 2016