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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 eldest daughter has just finished her last set of examinations for the school year. It was a particularly challenging period for her, as she would often complain about her tired and calloused hands. Her lola (grandmother) astutely pointed out to me that her apo (grandchild) did not seem to be happy studying—a comment to which I was not able to give an adequate response at that moment. After much pondering, I realized that nobody is always happy with whatever he is doing, even for the things that he is supposed to do. I, for one, am not always happy at work. I, too, have my moments of utter drudgery in the office. The same is true with my commitment to read the Bible everyday. I am only on my 71st day, but there are days I find it difficult to start.
One of the reasons I was able to pull through the trying periods in my life was the inspiration I always got from other people. Through their stories, I realized that my struggles are not unique to me: other people, even distinguished people, have gone through the same struggles I am facing. I was able to relate to them, because they were generous enough to share their stories to people like me. They were courageous enough to be vulnerable, to let other people know that, “Yes, just like you, I am struggling.”
Being relatable allows people to see the connection between one another. One of the inspiring messages I received for an article I had written was that they could relate to what I was going through and say, “Siya rin pala [Ah so, he is in a similar situation].” It was a validation of why I write what I write. I want to write about things that hopefully other people can relate to. As human beings, we want to be able to connect with one another on a more personal level: not necessarily through a face-to-face conversation, but the affirmation that we are not alone in our thoughts and feelings; that there is another person in this world who is going through what we are also going through. Sometimes, that is enough for people to fight their daily battles.
Having a relatable leader in an organization is important. Apart from allowing people within the company to feel connected to the leadership, being relatable also empowers other people to do more.
During the early days of my career, I once had a new manager who would always push me to the limit and demand excellence in all I do. I was not used to this, and would sometimes sulk in the corner, cursing at my new boss, because he was too demanding. “Does he ever get tired? I am already tired!” I would often say to myself. It was a frustrating experience. But what if my manager had told me that there are nights when he too would cry out, because of exhaustion; that he, too, is tired of all of the things our team needs to accomplish; and that he just wants the entire team to excel? I am positive that conversation would empower me to get over my sulking and demand excellence in myself as well, regardless of how exhausted I was.
Every time I am asked by students, or P&A Grant Thornton employees, about whether I had ever thought of leaving this job, I never hesitate to tell them of instances when I felt like doing so. There is a particular instance I often share: it was a few days before April 15 some years back, at 5:00 in the morning. I had just returned to the office after leaving four hours earlier, when I started literally crying out to God, telling Him how tired I was and how my mind, body, and spirit were ready to give up. Inside my parked car, I cried and shouted for a good 15 minutes. Despite those instances, I chose to stay and continue my growth with this Firm. I narrate that story as my way of sharing that I have gone through what they are now going through. Sooner or later, they will find out that this work is not always easy and fun. But just like I, and many others, have done, they can also pull through if they really want to.
It is by being able to relate with one another that we can pull and push one another onward.
I once told my eldest daughter about the time when I was in high school and my Math teacher asked me (she actually yelled at me) to get out of her classroom. My teacher said that I was making faces at her. Everybody makes mistakes, including my Math teacher, I suppose. To this day, I am claiming innocence. Yes, I was making a face, but not to my teacher. I was making a face to my seatmate, who was saying something about… well, our teacher. This story always makes my daughter laugh. I can see from her eyes that she can relate; that she can picture me inside her classroom, making faces and being scolded by her Math teacher. She can imagine me being a part of her reality, and hopefully stories of my own struggles, no matter how silly they are, would get her through her own struggles in school.
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 over 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 14 March 2018