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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.
My husband once quipped, “An investment in health is always a winner.” This comment seems to paraphrase the principle advocated by famous motivational speaker John Maxwell, who said that leaders who are already generally driven and result-oriented, must invest in their health so they can give their best at all times and have enough energy in their work. To Maxwell, eating healthily, exercising regularly and resting sufficiently are a must. He wrote that our health determines our quality and quantity of life.
I, and a lot of other people who are usually white-collar employees, can relate to what Maxwell has written. Nowadays, you may see a large number of people jogging and walking briskly around the parks in the Makati Business District, in BGC, in Alabang and even in your neighborhood. More and more people participate in fun runs, which have suddenly proliferated across the country.
Noticeable also are people who are very conscious about what they are eating, about their diets. This gave rise to another phenomenon—the delivery of diet meals to employees. Chefs and entrepreneurs are hitching on this bandwagon.
I, on the other hand, work out in a gym every morning and I always watch what I eat. When I was younger, I never thought that I would need to eat well and do regular exercise. I ate what I wanted without paying attention to my health. I relished eating chicharon, chips and other salty and oily foods. Also, I then would rather take a nap, sleep or do other things than exercise.
Moreover, when I was a young manager, I could work from Monday to Sunday, more than eight hours each day. I had no time to relax or recharge. For me, vacation was to take a day off to attend the school activities of my child or a very important family matter (Thus, when I was promoted to a new position, I also lost my earned vacation leaves of more than 100 days).
It never occurred to me that I will reap the mindless consequence of not investing in my health early on—I had an open heart bypass at the age of 45.
This life-altering event led me to this new-found determination to undergo regular exercises, follow a strict diet and have ample rest and sleep. I realized that all these activities require grit and discipline. Eating healthy requires self-control. You need to be determined to stay in the chosen diet that suits you.
For the required exercise, many experts suggest that a 30-minute physical activity for most days of the week or four times a day in a week is the least that we should have. For the desirable rest, enough sleep is very important.
In one of my consultations with my nutritionist, she told me that I needed to have seven to eight hours of sleep a day.
But how does one keep the determination and discipline for all these, short of not having a heart bypass? I know friends who started their jogging regimen but failed to sustain that activity. Some even eagerly bought their fitness trackers to monitor their health activities when they started.
In a recent article in Time magazine, scant academic research found that wearable fitness trackers did not alter behavior over a long term. When these fitness trackers were introduced to the market, there were expectations that giving people access to their health data would encourage them to exercise more, eat better and generally keep fit. Apparently, these are seen as apps or devices but not as strategies to alter people’s behaviors.
Changing people’s behavior is the key. However, changing behaviors does not happen overnight; it happens after an extended period of time. There must be determination and discipline. Studies show that exercise and related health activities must start with a goal that is specific and realistic. It should be achievable so that the goals can then progress to an advanced, and yet sustainable, level.
My goal is simple—I want to enjoy life more, in an active and healthy manner. So, join me. Let us keep our body healthy not only for our work but also for our family. Let me also mention that as physical health is important, spiritual health is equally important. I strongly believe that having a healthy body should also include mind and spirit.
May we not regret later where we put most of our investments. We may have a beautiful house, a fleet of expensive cars and lot of savings in the bank; but if we do not have a healthy body to enjoy them, what is the use of all those things? Let’s invest wisely. As my husband said, investment in health is always a winner. And husbands know best.
Paz Malubay is a partner of P&A Grant Thornton and executive vice president and managing director for payroll at P&A Grant Thornton Outsourcing Inc. P&A Grant Thornton is one of the leading audit, tax, advisory and outsourcing firms in the Philippines, with 20 partners and over 800 staff members.
As published in The Manila Times, dated 23 November 2016