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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 first article of this three-part series, we discussed the challenges faced by overextended IT departments. However, even the most well-structured IT team cannot defend against cyber threats alone. A robust cybersecurity strategy requires the active involvement of every employee, making it essential to build a culture of cybersecurity throughout the organization.
The Weakest Link: Human Error in Cybersecurity
Human error is a significant factor in cybersecurity breaches, with IBM estimating that 95% of breaches are caused by mistakes made by individuals. This statistic underscores the importance of engaging employees in cybersecurity practices and ensuring that they understand the impact of their actions on the organization’s security.
Common symptoms of a lack of security awareness include:
- Ignoring IT Security Advisories: Employees often overlook these advisories because they are perceived as too technical or irrelevant. This disconnect can lead to poor security practices and increased vulnerability to attacks.
- Disengagement from Training: Many employees treat cybersecurity training as a formality, often running modules in the background while focusing on other tasks. This lack of engagement means that employees may not fully grasp the importance of the security measures they are being asked to follow.
Making Cybersecurity Relatable and Engaging
To overcome these challenges, organizations must make cybersecurity relatable and engaging. Simplifying communication and focusing on the personal and professional benefits of cybersecurity can help bridge the gap between IT and non-technical employees.
Effective communication strategies include:
- Simplified Messaging: Avoid jargon and emphasize how following cybersecurity protocols benefits employees personally and professionally. For example, rather than delving into technical explanations, highlight how these protocols protect their personal data and contribute to the organization’s overall security.
- Interactive Training Programs: Traditional training modules are often long and technical, which can lead to disengagement. Instead, consider using short, interactive content like videos or infographics that are easy to understand and retain.
- Use of “Netflix-style” video series that integrates cybersecurity lessons into an engaging storyline: This method not only captures employees’ attention but also improves retention of critical information. Organizations that have implemented such training have seen higher viewership, engagement, and better outcomes particularly on phishing test results. We observed as well that employees look forward to the next episodes of these video series, which are only released on a monthly basis.
Integrating Cybersecurity into Daily Operations
To truly build a cybersecurity culture, it is important to integrate cybersecurity practices into the daily operations of the organization. This means providing continuous, bite-sized training sessions that keep cybersecurity top of mind, rather than relying on annual training that quickly fades from memory.
Collaboration between departments, such as Knowledge Management, Marketing, and IT, can create materials that are both informative and visually appealing, making it easier for employees to engage with and understand cybersecurity messages. IT cannot do this alone.
Why This Matters for FinTech, BPO, Healthcare, and SMEs:
In industries where data protection and regulatory compliance are critical or in the case of SMEs, have no capability to create such cybersecurity training programs, such as our Firm’s Vigil@nt Training Program that offers ready-made videos about cybersecurity to help them build a strong cybersecurity awareness. This would ensure that every employee understands and follows cybersecurity practices is essential, and reduces the risk of human error and enhancing your overall security posture.
In the final part of our three-part series, we will explore the critical role that leadership plays in driving a cybersecurity culture. Learn how senior management can set the tone for security practices across the organization and why their involvement is key to a successful cybersecurity strategy.
As published in The Manila Times, dated 23 October 2024