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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.
Aging: The irony of new year
02 Jan 2019After all the firecrackers have been lit, after all the food have been eaten, and once all the noises have dissipated, we remember that we now have to turn the pages of our calendars or replace them with new ones. We face another new year filled with unknown challenges and surprises. There is also the realization that, while the year is definitely new, we, on the other hand, have gotten older and fallen prey to the unstoppable hands of time once again. Isn’t it ironic that one of the most accepted symbols of the new year is an infant in a top hat, sash, and diaper? The Baby New Year is an avatar of optimism as the clock ticks down to midnight on December 31. The infant symbolizes on top of everything associated with it humanity’s desire to forever hang on to youthfulness. The reality of it, however, is that every new year we grow older; we age.
For many of us, aging is not a fun fact of life. Slowly, we begin to observe that we are losing touch with the mindset of the younger generation. We may fail to understand their wants, what is hip and not, what certain words in their new slang mean. More than losing touch with the youth, we also slowly become disinterested in looking at the mirror as it shows us an image that we may not particularly like, owing to the presence of lines that were not there just some years ago.
In a desperate attempt to override nature, some of us buy into the latest commercial gimmicks, such as anti-aging creams and soaps with unproven medical claims to make ourselves look younger. I have heard during my younger years that these products sell hope more than anything else. Thus, we buy these products in hopes that they will deliver what they promised. There are even those who use expensive technologies, such as Botox injections, to erase the accumulating crow’s feet on their faces.
Some resort to stem cell therapy, which promises an excellent method to fight various effects and signs of aging. When stem cells are diminished in our body, the number of dying and old cells continues to increase. Stem cell therapy is used to increase the number of stem cells in our body. The most striking thing that many of us share, though, is our utter dislike to mention our true age. It is becoming harder to find people who will gladly tell you their real age. Others believe it is highly unethical to even ask someone about their age.
What we tend to forget is that aging also brings a treasure trove of experiences and wisdom that youth cannot possibly give us. As we get older, our brains become more biologically mature, enabling us to make more reasoned and just decisions that secure us better social connections, establish more productive professional relationships, and open more profitable career and business opportunities. The clumsiness, unnecessary impulsiveness, and fickleness associated with youth and immaturity disappear, making us more reliable people.
Instead of denying the fact of aging, why not accept it wholeheartedly and use it to our advantage? As mature and experienced individuals, we could offer our expertise and advanced skills to the marketplace, and we should be able to gain significant financial advantages. In terms of social relationships, we may not have the freshness of youth, but we can showcase our sharp interpersonal skills to attract the people we need when the situation calls for it. People who admit their age with a smile on their face can also be very charming, because they send a signal that they are confident about themselves and that they have more resources at their disposal than the mere temporary physical advantage of youth.
This new year, let us begin to change our attitude about aging. It does not hurt to keep our bodies strong and healthy, but let us stop refusing to acknowledge our true length of stay here on earth. If you think about it, everyone gets old, so it is virtually an exercise in futility to keep denying how much we have grown.
Be proud of your age. Be proud of what you have achieved. This 2019, let us face the world with a brand new perspective on life and the natural process of growing old.
Happy New Year to all of you! May we be more productive, understanding, loving, happier, and more prosperous this year!
Obet Cruz is a Senior Managing Consultant of Advisory Services. 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: @PAGrantThornton, like us on Facebook: P&A Grant Thornton, and email your comments to Obet.cruz@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 02 January 2019