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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.
An open letter to my younger self
13 Jun 2018Dear 20-year-old self, Congratulations!
You accomplished a lot in such a short time. What you’ve been through and will go through will define the kind of person you’ll be 30 years from now. Savor the journey and enjoy every moment. The frustrations you’ll face will reach a point that you can no longer bear it. You’ll feel it’s not worth it.
Persevere as these same frustrations will always come as you continue your journey. Your heart will be broken not just once but several times. You’ll feel love over and over again. No matter how painful it was, you’ll never lose faith in love. Whatever you’ve accomplished so far will be nothing compared to what is yet to come.
Don’t be bashful. You are but a fraction of the whole scheme of things. If you think the world owes you something, think again. You are nothing. The sooner you accept that you are nothing but a tiny figment, the better because it will lead you to become someone from nothing.
Contrary to what you believe in now, you only have one shot at anything. That’s it, one shot, no second chances. Thus, you need to give it your best shot every time, all the time. Do not hurt people. If you can’t avoid it, minimize it. A person hurt will hurt another person consciously or unconsciously. If you hurt someone, you’ll help making this world a sad place.
The people you’ll meet are sent to you for a reason. Either you learn a lesson from them or they learn from you.
You need to cherish each encounter and serve each other’s purpose given the limited time you have for each other. While people will come and go in your life, there will be those who will be with you for the long haul. Make sure you keep a staple of these individuals in your life from whom you will draw strengths and inspiration.
While it is good to listen to criticism, do not let the noise of others define who you truly are. The opinions of others about you will only matter if you allow them to influence you. No one will ever stop creating an opinion of you and if you listen and allow each opinion to affect you, you’ll not become the best version of yourself.
You’ll die. You need to accept that as early as you can. The body that seems so strong will eventually wither and grow old. You will feel physical pain you never thought you were capable of feeling. You need to take care of our body and make sure that when it is my time to have it, I can still do things I want to do like jogging, trying extreme sports, travelling, and going on long walks.
You will grow old so spend time with the people you love. Don’t let years quickly pass by without taking time to experience life with every person who truly matters to you.
Your priorities will change. As a matter of fact, they’ll frequently change. Get a hold of yourself. Be conscious of these changes. As your priorities change, you’ll have to be aware of what or who you’ll lose along the way. You can never take anything and anyone back. It’s a decision you need to make. As long as you will not have any regrets, go on and jump from one priority to another.
None of the things you think matter now will matter when you reach where I am. Believe me. Nonetheless, we still need to go through all the stories and drama we have been through. Keep in mind that it’s not the destination that’s important. It’s the journey that truly matters. If you get a chance to read this before we reach 50, I will probably be a different me and will perhaps write a different letter to you.
But who cares really? We had a good run.
Cheers,
Your 50-year-old self
Obet Cruz is a senior managing consultant of the Advisory Services 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. For comments, please email Obet.Cruz@ph.gt.com or pagrantthornton.marketscomm@ph.gt.com. Visit our
Website: www.GrantThornton.com.ph; Twitter and Instagram: pagrantthornton, and FB: P&A Grant Thornton.
As published in The Manila Times, dated 13 June 2018