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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.
Have you ever wondered why you feel so down in the afternoon, maybe even until bedtime, on Sundays? You may be thinking about the activities in the forthcoming work week — an upcoming deadline, seeing another team member whom you don’t work well with, dealing with a demanding client, an uncomfortable working environment, among others. These feelings of anxiety are known as Sunday blues, which can be described as stress in-the-making. If you are experiencing this, you are not alone. In fact, according to a poll conducted by job site Monster, 76 percent of American workers say they get Sunday blues.
It can be experienced by almost everyone in an organization, from on-the-job trainees up to the chief executive officer.
Sunday blues are not some feelings we only experience when we started working. These feelings are similar to how we felt about Sundays when we were in school. This, however, does not mean we should just accept such feelings as a part of life. These mild depressions experienced during Sundays may lead to serious problems that can affect our physical and mental health, as well as our relationships. According to a survey conducted by the sleep experts of TheSleepJudge, some of the symptoms experienced on Sundays include anxiety, disturbed or poor sleep, depressive mood, increased irritability, insomnia and headaches, among others.
To avoid spending half of your Sunday feeling down, here are some practical tips you might want to consider:
– Plan your work ahead on Friday afternoons. Before heading out to your usual Friday night out, prepare the things you might need for the next work week. Scan your calendar and identify which meetings or deadlines are to be prioritized. Are there items you can prepare now, instead of doing them on Sunday or Monday morning? Planning is not only limited to the chores you need to do. You can also plan for fun activities you will look forward to during the work week—eating lunch or samgyeopsal with friends, playing your favorite sport, or watching a movie after work.
– Do chores and errands on Saturdays. Do not overload your Sundays with chores and errands — settling bills, doing the laundry, buying your groceries, etc.— which can remind you of the responsibilities and obligations of adulthood. Try to do some of them on Saturdays, when you still have a Saturday night to look forward to.
– Disconnect from work during weekends. As much as possible, try to control the urge of checking work email during your days off. Of course, this goes without saying that bosses should try harder not to send emails during weekends. Reading email will just disrupt your entire weekend and can worsen your anxiety. You do not want your boss’s face running through your head the entire weekend. Remember, if your boss wants you to do something urgent and important, he or she will call you rather than send an email.
– Schedule activities you enjoy doing on Sundays. Whether it is going to the gym, having dinner with family or friends, attending religious services, going out with your special someone, playing your favorite sport, or watching a Netflix movie or series, the point is to have a meaningful and fun Sunday. Fun does not mean getting drunk. Calling in sick on Monday because of a hangover will not help you get over those paper works.
– Sleep early and get enough sleep. Getting enough rest is important. You need to be physically and mentally prepared to face the week ahead. The quantity and quality of your sleep will define how you will win the battle at work. Imagine waking up feeling drained and worn out on Monday morning when your work week has yet to start.
– Identify what is causing your blues. Having Sunday blues does not necessarily mean it is because of your job in general. In fact, even those who love doing their work also experience the blues and still feel anxious, because of a particular deadline, a client, a report or a colleague. The key is to identify the root causes and address them. Meeting a deadline or working on a report may be easier to do than handling a difficult client or colleague. You may want to consult with the appropriate persons in your organization — a coach, mentor or higher ups.
Sunday blues are not difficult to overcome. We have dealt with them in school and, just like we were advised by our parents back then, there is nothing to worry about if we have done our homework early. Think positive and, besides, it is just five days before Friday once again.
Jerald Sanchez is a partner in the Audit and Assurance division of P&A Grant Thornton, 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 jerald.sanchez@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 27 November 2019