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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.
Conquering fear
31 Jul 2019I was hanging out at an ice skating rink over the weekend, when I noticed this little girl, not older than six, walking back to whom I presumed to be her dad. There was no smile on her face. Her heavy feet, still with her ice skates on, were clunking as they alternately hit the floor. I remembered seeing this girl a while ago. Every time she was on the rink, she would be at the edge, holding on to the railings unless she was holding on to someone else. In one instance, I saw her crying, with fear in her round, misty eyes.
“What’s with the long face?” I heard her dad ask. “I fell because somebody pushed me,” she muttered. “Are you okay?” asked her dad. She nodded. “Maybe it was an accident,” added her dad, but to which she did not respond.
“Are you going back in?”
No words came out of her mouth. She just stood up and went back to the ice. This time, fear was absent on her face. To my surprise, she went directly to the middle of the rink, without even a hint that she wanted to be reacquainted with the railings that she depended on for the last hour. She skated far enough, by herself that, at some point, I could hardly see her because of the ice fog. A few moments later, I saw her again near where I was standing. She was circling two girls, both taller and older than her. When she
saw an opportunity, she took it. She slid gently in between the two girls. She looked up to one of them and said “I am not happy that you pushed me”, turned around and went off the ice. No fight ensued. The little girl just wanted to express herself, fear notwithstanding.
She conquered her fear of skating in the middle of the rink by herself, because there was an impetus for her to do so. There was something greater that eclipsed the fear that was making her hold dearly onto the railings. She allowed the need to express herself to take precedence to the fear of pain if she fell.
Fear is common to all of us. It hinders us from doing things. It paralyzes our movements. It prevents us from making decisions, from moving forward. Fear can be based on something that happened in our past. Fear can sometimes be irrational. The fears we humans have seem limitless.
Imagine a work environment where there is no fear of failure: things are getting done, because there is no fear that leads to indecision, or everybody respectfully expresses their thoughts, because there is no fear of rejection. When there is fear, we sometimes put off having our conversations with our leaders, because we do not want to be blamed. When there is fear, we sometimes put off having our conversations with our staff, because we do not want to be seen as weak. When there is fear, we forego doing many things, things that can help our organizations and our people grow.
Hopefully, like the little girl, we have values and principles far more important than fear itself. If we have yet to identify them, now is the best time to start. What moves you? What compels you to take action? For the little girl, it was the need to express herself; it could be your desire to love others; it could be your penchant to fight for what is right and fair; love for your country; or loyalty to your family. We have to identify whatever is important and valuable to us. It may take time, but the first step is always to realize there is something that needs to be done.
The deeper and farther reaching those values and principles are, the more compelling it would be for us to act despite our fears. The more people are affected by those values, the greater the force to push us beyond our comfort zone.
The little girl conquered her fear by embracing her values. She held her principles more dearly than dearly hanging on to the railings. Maybe fear will come back to limit her again when she sets foot on the ice; or, maybe, she has finally conquered her fear of skating by herself, coupled with the smile on her father’s face inspiring her to make this experience her new normal.
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:www.grantthornton.com.ph.
As published in The Manila Times, dated 31 July 2019