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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.
Another new year, another set of goals and resolutions reflected upon and listed. Some resolutions are new but, if you are like me, most of this year’s resolutions are recycled from previous years, because they were not achieved. For many of us, our resolutions and goals are tied to what we mostly do during our waking hours — work. In an earlier article I wrote, I intimated my disbelief that one should love one’s work; that it cannot be true, because it is not true for everyone; that there are certain activities that would be almost impossible to love, like cleaning a poso negro. A noble job, yes; something that can help one provide for the family, but I find it hard to accept that one can love doing such a task.
That was until I read a book by American pastor and theologian Timothy Keller entitled Every Good Endeavor. It provided me with a deeper perspective on work.
When we say work in this article, it is not limited to the activities performed by employees and business owners. Work also includes the activities of housewives and volunteers. The dictionary defines work as any activity involving mental or physical effort done to achieve a purpose or result. That means that most of us engage in other types of work outside of our day-to-day jobs.
I would like to share with you learnings that gave me a better perspective on work.
First, work is, by nature, good. It is not a curse, as I have earlier believed. Work is part of our design. In the Bible, God worked for six days when He created the world. In Genesis 1:28, God instructed Adam and Eve to “Be fruitful and increase in number; fill the earth and subdue it. Rule over the fish in the sea and the birds in the sky and over every living creature that moves on the ground.” Our first work was to create a society (“be fruitful and increase in number”) and develop the earth (“fill the earth and subdue it”). We had work even before we committed our first sin. Work, therefore, is part of our nature.
Have you ever experienced feeling sluggish and bored when spending multiple days doing nothing? That is because, for most days, we are not designed to do nothing. Let us, therefore, be grateful that we have something to do for almost all our time, that we have work; not only because our work pays for our bills, but because we need work for a more fulfilling life. May we then not hope for days of doing nothing. Again, work includes any activity outside our respective jobs that allows us to use our mental and physical faculties to achieve a purpose or result.
Second, all legitimate work has dignity, regardless of the pay or status it affords you. Every work has its value in this world. Can you imagine a world wherein nobody cleans up? Regardless of whether you employ someone to clean your home or you yourself keep your house tidy, that work is important. With nobody cleaning your house, it can result in sickness.
Have you ever had a dilemma in choosing the kind of work you want to do? How often did we decide to choose something, because it pays more, even though we know that our skills and passions are more suited for another kind of work? May we find solace in the fact that all works have dignity, that all works have value; may this perspective allow us to not choose work solely based on pay or status.
Third, work can sometimes be fruitless. Not all our work will produce the desired results.
Have you ever poured your entire energy, time, and skill into an endeavor and, yet, everything was for naught? Talent alone, without effort, will not guarantee success. There are times, however, that it will still not be enough, even with both talent and effort. Sometimes, even if we put in our best efforts, other factors keep us from achieving success.
Gaining these three perspectives on work allow us to look and value work more deeply. Work keeps us motivated to do our best, because it is part of our design. Work keeps us both humble and proud, because all works have dignity. Work keeps us from being cynical, because work can sometimes be fruitless.
Anton Ng is a Partner of the Audit & Assurance Division of P&A Grant Thornton. P&A Grant Thornton is one of the leading Audit, Tax, Advisory, and Outsourcing firms in the Philippines, with 21 Partners and over 900 staff members. We’d like to hear from you! Tweet us at: @PAGrantThornton, like us on Facebook: P&A Grant Thornton, and email your comments to anton.ng@ph.gt.com or pagrantthornton@ph.gt.com. For more information, visit our Website: www.grantthornton.com.ph.
As published in The Manila Times, dated 9 January 2019