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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.
In the bustling world of work, where superstars snag headlines and underperformers hog attention, there is a silent majority, the mid-level performers. Topher, from accounting (you know, the one with the stapler collection?), is a perfect example. Topher embodies the quintessential workplace “middle child.” He never throws a wrench into the office routine, rarely needs handholding, and consistently delivers dependable, B+ quality work. Yet, much like the strategically placed middle finger on your hand, Topher can get a bad rap. Stuck between the thunderous applause for top performers and the constant intervention needed for struggling colleagues, Topher might feel lost in the shuffle, like he is perpetually standing in the middle of a group photo, partially obscured by someone else’s elbow.
Here is the crucial truth: Topher, and his fellow mid-level performers, are the unsung heroes of any organization or the workplace’s workhorses. They are the dependable engines that keep the company car chugging along. They meet deadlines consistently, rarely make waves, and deliver solid, reliable work.
Ignoring Topher is a recipe for disaster. Just like a neglected middle child might start expressing themselves through questionable fashion choices, a disengaged Topher can lead to increased boredom, decreased productivity, and ultimately, a revolving door at your office.
So, how do we turn Topher, the quiet achiever, into Topher, the thriving team member?
The power of recognition: It all starts with acknowledging their awesomeness. A simple “thank you” or a shoutout during a team meeting can work wonders. Managers, a thank-you note is not a participation trophy; it is the gold medal Topher deserves for keeping the metaphorical office hamster wheel spinning. Public recognition validates Topher’s contributions and motivates him to continue his excellent work.
Fueling growth. Do not assume that because Topher is not vying for the CEO position, he does not crave growth. Offer training, workshops, or challenging projects that push him out of his comfort zone (but not so far that he needs therapy.). Perhaps Topher is interested in learning about a new software program or taking on a leadership role in a specific project. Identify his interests and aspirations and provide opportunities that align with them.
Setting SMART goals. Do not overwhelm Topher by asking him to win “Salesperson of the Year” on day one. Instead, set goals that make him stretch, but are still achievable. SMART goals (Specific, Measurable, Achievable, Relevant, and Time-bound) provide a clear roadmap for Topher’s development and a sense of accomplishment when he reaches them.
Unleashing the coach within. Turn Topher into an Obi-Wan Kenobi-like figure by encouraging him to coach new hires – just like Luke Skywalker. This not only strengthens his leadership skills and deepens his understanding of his own role, but also offers him a fresh perspective. Topher might even discover a passion for coaching that leads him down a new career path within the organization.
The power of feedback. Regular check-ins and constructive criticism are essential for keeping Topher on track and preventing him from becoming stagnant. Focus on both his strengths and weaknesses, providing specific examples and actionable steps for improvement. Remember, feedback is a two-way street. Encourage Topher to ask questions and share his own insights.
Embracing the culture of “failing forward.” Let Topher know that taking calculated risks is not only acceptable but also encouraged. Share stories of employees who learned from their mistakes and became rock stars. Even Thomas Edison went through a lot of bad light bulbs before finding the right one. A culture that embraces calculated risks fosters innovation and encourages employees to step outside their comfort zones.
Topher, and all the other mid-level performers out there, are the foundation of any successful organization. By recognizing their value and investing in their growth, management is not just helping Topher, but helping your entire company thrive. After all, a symphony needs a strong supporting cast, not just a bunch of divas.
As published in The Manila Times, dated 17 April 2024