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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.
Bridging the gender gap: Cultivating a more inclusive mindset amid the pandemic
Mailene Sigue-Bisnar
17 Mar 2021
As we adopt a bird’s eye view of the current business landscape, it is easy to be led by the belief that businesses and organizations still have a lot to accomplish in attempting to close the gender gap in corporate management. In a sense, there is truth to this statement. The cutthroat accounting industry, for instance, remains a relatively male-dominated sector. In my industry experience, I can attest that the number of female leaders is still considerably less than male ones.
To address this, many companies have adopted a shift in mindset and made significant strides to address gender inequality in the workplace and help make their business thrive.
As more women open themselves to new opportunities, their roles have also undergone changes. This is the scenario in many firms across the globe. This is apparent in the Asia-Pacific region, particularly in the Philippines. For nearly two decades, Grant Thornton has been at the forefront of tracking the progress of women in securing top leadership posts in several businesses across key industries.
On February 22, Grant Thornton released its Women in Business report, which shows the results of a survey of around 10,000 listed and private businesses in various key growth areas in the world and forms part of the firm’s annual International Business Report. The report showed that a series of unprecedented events in the last 12 months made their mark on women’s progress. For example, the number of women holding senior leadership positions in midmarket firms in the country has reached 48 percent. This is despite the Covid-19 pandemic, which ushered in a new-normal environment of remote workstations and organizational frameworks heavily reliant on the current acceleration toward digital transformation.
The report also showed that the percentage of women in C-suite roles in the Philippines rose as the proportion of chief executive officers (CEOs) rose by 16 percent to 38 percent, and the number of female chief operating officers (COOs) increased by 4 percent to 27 percent.
The positive trajectory in the ratio of women holding senior positions shows a steady improvement in recent years. Figures showing more women occupying leadership posts have also breached the critical 30-percent threshold, the minimum representation needed to change decision-making processes.
The reality behind the figures is that women have begun managing a dual role in the new normal. As more female leaders rise in rank, they have also started to see the benefits of working from home, a setup that has been described as both boon and bane. One benefit of working from home is that it leaves less room for gender-based disparities and discrimination that may happen in physical offices. On top of this, female bosses who are also mothers find the work-from-home setup appealing, as they can homeschool their children and care for their families.
Despite the good news, there remains a lot of challenges to be hurdled, especially now as most economies continue to grapple with the impact of the pandemic. It is still imperative to exert more effort into bridging the gender equality gap still evident in many companies today.
We at P&A Grant Thornton believe that the onus is on companies, from startups to established businesses, to continue supporting diversity. It is crucial we do not lose this window of opportunity. A lot of research highlights the negative impact of the pandemic on women’s employment and career progression, so we must continue to build more diverse and inclusive leadership teams by bridging that gap.
To help foster gender equality, P&A Grant Thornton has launched a three-part webinar series, called “GROW Leadership Series: Growth and Relationships and Opportunities for Women.” Through this series, P&A aims to provide a new avenue of support for women to help boost their physical, emotional and mental health. This may be a small step, but for us at P&A, many great things start out small. For us, this is our way of going beyond expectations to initiate change.
The vision of most businesses must be focused on restrategizing their operational frameworks and cultivating an open mindset that is inclusive for all genders. This way, they can not only champion gender equality, but also go beyond in promoting an atmosphere of change that would enable their business to thrive.
Mai Sigue-Bisnar is a partner of the Audit and Assurance and Advisory Services Divisions of P&A Grant Thornton. P&A Grant Thornton is one of the leading audit, tax, advisory, and outsourcing firms in the Philippines with 22 Partners and more than 900 staff members. We’d like to hear from you. Send us a tweet (@GrantThorntonPH), “like” us on Facebook (P&A Grant Thornton) and email your comments to mai.sigue-bisnar@ph.gt.com or pagrantthornton@ph.gt.com. For more information, visit www.grantthornton.com.ph.
As published in The Manila Times, dated 17 March 2021