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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.
Aren’t three-year olds the cutest? My youngest daughter is at that age, and she never fails to make us smile. She has a lot of stories to tell, though; we have not really figured out what language she is using. So every time we talk, I concentrate on capturing keywords and trying to catch contextual clues.
There’s another thing I notice about my daughter. Just like any other toddler, she is always amazed and everything she sees brings delight to her face. She’s always interested in new things. Everything is a toy. Every place is a playground. Everything is amazing.
As we were about to go to church one day, my three-year-old let out a loud shriek. Our house cat was lazily lying on the roof of our car. “Ashi! Ashi! Look! Cat on car!”, the younger one excitedly shouted. “So?”, said her older sister, nonchalantly shrugging her off. That exchange between my two girls got me thinking: At what point do we lose that sense of amazement? At what point do we dismiss a lot of things around us? At what point do we become so pessimistic, that we often say “So?” a little bit too often as we grow older?
Over the weekend, my three-year-old was once again down with a cough and fever. Her doctor recommended that we got her a nebulizer to help her deal with the cough. We picked her up at home and brought her with us to the drugstore. On our way, we explained to her that she needed to put on the mask for the nebulizer that night. Her face, from being really excited to see us, suddenly became concerned, maybe because the thought of a mask and the unknown word “nebulizer” did not appeal to her.
While my wife bought the nebulizer, my daughter transferred to the driver seat with me. She was so excited to sit in front. Her eyes lit up when she saw the overpass. She excitedly told me, about half a dozen times, that she went up that overpass before with her ate, as they went to a place I couldn’t understand. The amazement on her face over such a seemingly mundane thing was such a sight. She was excited about an overpass, a dimly lit structure.
She then transferred her excitement to the lights inside the car. She pressed one button after another, giggling in between. Her level of excitement felt like it was Christmas morning when she would open the gifts one by one. I wondered when the last time was that I felt so delighted over such simple things. Sadly, I couldn’t remember anymore.
As soon as we got home, we showed her the new apparatus and mask. From an initial response of not being interested, she eventually changed her mind. She then became so excited that she could no longer contain her joy. She kept on walking, running, and jumping while I was trying to put everything together. I guess, for her, she was just amazed with this new thing that we asked her to use. It certainly did not matter that the compressor did not resemble any of her toys—it was black, boxy, and noisy. All she wanted that night was to put on the mask and use this new apparatus as soon as possible.
I’m not here saying that we should start looking at an overpass with the same excitement and jump for joy. I’m not even suggesting that everything and everyone should respond with amazement. All I’m saying is that the more we lose our ability to be amazed, the more we limit our own possibilities. The fewer the things we allow to excite us, the less we would be willing to try or even consider trying. I could push this further and say that our inability to be amazed limits our desire to have conversations with other people, just like how my eldest child shot down her little sister’s amazement with a single word. “So?” ended their conversation.
Sometimes, we miss out on trying new things, because we often see the negative first. This could be true for organizations as it is true for individuals. We often focus too much and too early on the downside. What if, even for a moment, we look beyond and consider the possibilities of a new endeavor, a new activity, a new way of doing things? Let other adults remind us of the risks, just like what parents do to their kids. At that very moment, however, be excited about the possibilities.
Give a child any toy and they’ll be very excited to play with it. It does not even matter if it is a toy. The child will find a way to play with it in ways we adults cannot understand. Like a child who would accept anything you give them and play with it, as long as it gives them joy, can we, adults, do the same? Can we as adults toy around with an idea for a few moments, instead of trashing it as soon as we hear it? Why not let an idea, a suggestion, a thesis circle around our head, get excited about it, and explore the possibilities? Would we then be able to think of a lot of new ways of doing things? Would we be finally able to try and learn new things? Be more open, be more accepting, be more amazed like a child.
Maybe I should hang out more with my daughters. I might learn a few more things and continue to be amazed.
Anton Ng is a partner, Audit & Assurance 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 more than 850 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.marketscomm@ph.gt.com. For more information, visit our Website: www.grantthornton.com.ph.
As published in The Manila Times, dated 11 October 2017