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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.
During the few times I was given the privilege to walk the streets of London, one thing that stuck me the most was the motorists’ discipline when approaching a zebra lane. A Londoner friend of mine explained to me that, by law, a motorist is bound to give way as soon as a pedestrian steps onto the zebra lane to cross. As someone who has been driving a lot here in the Philippines, giving way to pedestrians is not one of the things I think about when driving. Even as a pedestrian, I still think that I have to be extra careful and smart when crossing the street, because motorists do not often give way.
Beginning last year, I taught myself to give way to pedestrians, even if I am positively certain that I can zoom past the lane before the pedestrian gets into my path. It was not easy. There were moments when I would be selfish and not mind the pedestrians trying to cross. After several months of trying to unlearn and relearn how to drive when there are pedestrians—by starting to do something—I am becoming more mindful of being safe, not only with regard to pedestrians, while on the road.
There are, of course, much bigger world issues than decreasing the number of road accidents that we feel the need to do something. The impact of climate change is becoming more apparent and there is also the looming possibility of large-scale conflicts between nations. We are concerned, however, that our actions might not have any impact at all. This sometimes results in us succumbing to doing nothing, because we feel like there is nothing substantial that we can do to help. Either that or we feel that we are uneducated enough to take action. With other responsibilities taking much of our time, we oftentimes do not have the time to learn more about these global concerns.
Doing something to address bigger issues, no matter how insufficient and lacking you think you may be, is better than doing nothing at all. By doing something, we are putting ourselves in that space of being mindful of how we can help. This will eventually provide us with a better grasp of what we can further do. You might not be fully informed about a given matter but, by placing ourselves in that mental space, we can seek new and better information as we move along with our lives.
Start with doing something, anything. I know relatives who are ditching their cars and riding their bikes from Cavite to Makati at least once a week to lower their carbon footprint. There are others who intentionally refuse plastics or even paper bags for their takeout food. How about informing baristas at your local coffee shop to no longer provide you with the plastic lid on your morning coffee? This practice of doing something, no matter how small or insignificant they may be, would put you in that space to always be mindful of how you do things.
Refusing straws and plastic lids can be a good start. In a few weeks’ time, you could already be bringing your own reusable cups every day. Soon, all waste in your house would be properly segregated and distributed to different recycling facilities. Doing something, even starting with very small actions, and being in that mental space of helping reduce waste, allows us to think through it, be interested in it, which could then lead to further improvements in how we contribute to this bigger cause.
What has been a bit frustrating lately as I try to teach myself to always give way to pedestrians is that there are pedestrians who seem to be confused whenever I decelerate before reaching the crossing lane. This leads to both of us not moving in front of the zebra lane, which makes the entire process longer. I do understand why: pedestrians, especially in this country, do not trust that drivers would give way to them, even if they are crossing in the appropriate section of the road. My hope is that, as more and more people give way to pedestrians, both motorists and pedestrians would unlearn and relearn how to drive and cross the streets to make it safer and more efficient for everyone. Of course, stricter implementation of road rules could greatly help, but let us not put too much hope in that.
Anton Ng is a partner in the Audit and Assurance division of P&A Grant Thornton. P&A Grant Thornton is one of the leading audit, tax, advisory, and outsourcing firms in the Philippines, with 23 partners and more than 900 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@ph.gt.com. For more information, visit our website at www.grantthornton.com.ph.
As published The Manila Times, dated 08 January 2020