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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.
While browsing through my social media feed, I chanced upon a video of what appeared at first as a typical commentary on driving. The video was taken from inside a moving car, focused on the vehicle right in front, which, for the purpose of clear storytelling, we shall refer to as Car 2. Snide remarks were made about the driving skills of the person manning Car 2. I would have moved on to the next video, had I not heard a comment that has become so typical that it very well could have been taken for a fact – “Babae siguro ang driver”.
It is a remark that suggests neither a bad nor good connotation, but definitely not neutral. What lies beneath such comment is an undeniable truth: we have grown accustomed to rudimentary classification of roles and strengths based on gender alone. At this day and age, when technology is at the heart of advancement, gender stereotypes remain prevalent. Principles under liberal thinking suggest that women’s emancipation from gender discrimination is a good marker of modernity. However, as strides are made towards further progressivity and digitalization, gender bias is still evident today. And we, somehow, ought to be blamed.
Society has long condoned acts that put up a gender divide. Men work, women stay at home to focus on child-rearing. Even in sexual harassment cases, women are often blamed for their provocative outfits. But not all hope is lost. There are a number of legislations advocating for the preservation of women’s rights and for gender equality. Republic Act 9710 or the Magna Carta of Women recognizes the discrimination and the realities faced by women, and puts in place measures to safeguard their rights, all in line with the constitutional mandate that the State shall recognize women’s role in nation-building and that the government has the concurrent responsibility to afford them protection.
Discrimination at work
Still, gender discrimination is seen at various instances. Although the Philippines is considered a relatively gender equal country, ranking 17th out of 156 countries in the World Economic Forum’s 2021 Global Gender Gap Report, a lot remains to be done to break the gender bias, particularly in the workplace. Consider this: a study by found that gender discrimination is present as early as during the hiring process, with 1 out of 6 women in the Philippines reporting that they were initially asked by their job interviewers if they have plans to have children. Things get more interesting when we look at the fact that a gap in pay is still present. Data reveal that on average, male employees are paid P5,000 more than female staff.
The solution is simple. Companies, regardless of size and the industry in which they operate, should strive to usher in inclusivity and bridge the so-called gender gap still prevalent in many workplaces today. But this is easier said than done. In the Philippines, a Philippine Statistics Authority report cited that when the pandemic hit, the jobless rate for men was pegged at 7.9%. For women, the jobless rate hit 8.3%, suggesting that women found it harder to find jobs during this period.
Benefits of embracing inclusivity
To help ease this burden, companies should pave the way for gender equality to flourish, and it all starts through effective implementation of policies geared toward this goal. Businesses have nothing to lose, only so much to gain.
One of the benefits of embracing inclusivity is increased profitability. The results of a USAID survey of Fortune 500 companies show that companies run by women leaders showed more impressive performance compared to those which did not have as many female leaders.
With a more diverse work culture, companies can boost productivity and in turn, see efficient company performance. This is because gender inclusivity allows companies to have a wider talent pool and therefore, they can take advantage of a wider skillset than those companies who do not prioritize such initiative.
Today, a bigger challenge is left to female leaders. How can they contribute to mitigating gender disparity in their organizations?
Promote inclusivity for all
Inclusivity not only means opening doors and giving equal opportunity to men and women. Promoting inclusivity means treating all employees equally. The aim is not simply to avoid gender discrimination in various aspects of work. There is a need to celebrate the milestones of everyone in the workforce, regardless of gender and job position, and to give them the recognition they rightfully deserve. This is the core message that management must emulate: inclusivity for all and not just inclusivity for women versus men.
Lastly, welcome change
Even the longest journey starts with a single step. Start by acknowledging that the corporate setting is not just a man’s world; it is shared by all – men and women, regardless of title or designation. Women have established that they are indeed a force to be reckoned with when it comes to growing a business. They are capable of running a business as efficiently as men can. Today, we see women alongside their male counterparts leading through example, toughened by years of hard work and experience. A change in corporate mindset about women’s capabilities should be adopted, lest we forget our responsibility to bridge the so-called gender gap and fail to break this bias.
Helping eliminate gender disparity in the workplace is hard work, but it is a must. In helping spark this change, a new mindset on inclusivity should be implemented by leaders, if only to inspire other companies to follow suit. They must ensure that the rights of women employees are protected, so that the next time they hear the saying “men are from Mars, women are from Venus”, they can pause, smile, and dare to say, “women are from Mars too”.
As published in The Manila Times, dated 09 March 2022