-
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
-
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.
-
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.
-
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.
-
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.
-
Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
-
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
-
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.
-
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.
-
In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
-
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.
-
Fresh Graduates
Fresh Graduates
-
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.
-
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.
“Dad, I’m sad,” said a melancholic voice from the other end of the line. The everyday heavy traffic made it now almost impossible for me to see my little girls during weekdays. Our daily interactions are now heavily dependent on mobile phones. Such a circumstance is oftentimes exacerbated when words such as “Dad, I’m sad” are being substituted for “Hi, Dad” as you start a conversation over the phone.
On this particular call from my eldest daughter, she was sad, because she was selected by her school to be one of the students who will participate as a live audience for a children’s television show. However, upon being chosen, she remembered that the taping for the show is in conflict with her younger sister’s school performance. She told her school principal about this; in turn, her slot was given to another student.
As a father, I did not know what to feel. On one hand, I was delighted that she remembered her sister at the very moment I am sure she was excited to be selected. I was proud of her, because she chose her sister’s performance over something she wanted to do for herself. At the same time, I felt sad, because I can hear in her voice she really wanted to be part of that television show.
We can learn a number of insights from this story, from setting priorities to being open to the idea that we may not be able to do all the things we want to do. I would like to focus, however, on the importance of expectation setting and the need to regularly align key parameters and objectives with the people or organizations we work with.
Whether we are dealing with a colleague within our team, a coworker from another division, or a third-party service provider, the need to regularly set or revisit expectations and align key parameters and objectives is critical.
This was the first time my eldest daughter, with her expanding network and set of activities, faced having a schedule conflict she needed to decide on. I do not think she knew how to exactly react at the very moment she was being asked to confirm if she can be part of the audience. All she knew was this: her sister will perform on that day and that, based on her limited experience, the entire family has always been there to watch. Based on such information, she formulated the expectation on herself by the family: that she needs to be present at her sister’s performance.
There are times in our professional and business commitments when we skip the part of clearly defining expectations, because we tend to rely on what we think are the other party’s expectations of us. There are also times when the expectations are set at the start of the relationship, but were never revisited as the relationship progresses through the years. The same is true with key parameters and objectives that were initially set, but evolve as the years go by.
Regularly revisiting expectations, objectives, and parameters critical to professional or business relationships is more of a preventive measure that would limit the possibility of any problems down the road. There are times when, even for long-term business relationships, due to the changing of key personnel or just the complacency arising from familiarity, people tend to forget the critical expectations and other key parameters that are part of the business partnership. As a result, misalignments in understanding and appreciation of the business objectives are only noticed when problems arise. Some of the eventual consequences may not have financial implications, but there are others that could result in multi-million peso losses. Even those that will not have financial consequences could put a dent on our relationships with key stakeholders.
Let us do regularly align with and check on our key partners in whatever role we perform to ensure that there is an alignment in our understanding of the key parameters and objectives, as well as of each other’s expectations.
The first thing I told my daughter was to thank her for thinking about her sister. I told her that I appreciate that she was willing, regardless of whether she feels sad about it, to forego an activity that she wanted to pursue, because it is in conflict with her sister’s performance. I added, however, that there seems to be a need to have a discussion with her sister on whether it would have been fine for her to pursue her own activity even at the expense of her missing the performance. This could hopefully provide her with more information when facing a similar situation in the future.
Anton Ng is a Partner in the Audit and 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 23 partners and more than 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 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 18 September 2019