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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.
Not all heroes wear capes. This oft-cited reference to good leaders carries with it much wisdom. Reality can be stranger than fiction, and a person in real life can be as good a leader as any idealized superhero in our favorite comic books or in movies. Another modern truth: there can be no clear-cut image of what makes an effective leader, only snippets of qualities that form one cohesive set of attributes of a modern-day hero without a cape, speaking at the center of the meeting room and passing by rows of work cubicles on a regular day at the office.
There is no perfect mold that can shape an aspiring employee to become an ideal leader. For one, there are no ideals when it comes to leadership. What makes one an epitome of effective leadership is seen based on his or her contributions to the growth of the organization. A Gallup study highlighted that positive influence from leaders boosts employee engagement and productivity. On the flip side, the Predictive Index’s 2021 People Management Report found that more than half of employee-respondents dealing with a bad boss are likely to quit their jobs in the next 12 months. This means that having good bosses on board has a positive influence not just when it comes to decision-making and implementation of company policies, but also in retaining valuable talent.
Still, if we can cite some insights on what makes leaders shine in the crowd, what are some characteristics of a good leader? Speaking as a mentor, here are my pieces of advice to rookie employees aspiring to lead by example.
Be assertive, but compassionate
These two qualities serve to complement each other. Being compassionate means having real connections with and empathy towards others, and in the workplace, this also means forging strong relationships with team members. But as one Harvard Business Review article puts it, being compassionate is clearly not sufficient. Compassion must be balanced with assertiveness.
A decisive boss is a firm decision-maker who makes plans based on appropriate information and deep understanding of data provided in reports and other company information. Once he or she has come up with his or her decision, an assertive leader acts effectively on it.
Accept that you cannot pour from an empty cup
Taking care of ourselves is a crucial but often overlooked step in providing guidance to colleagues and immediate team members. Indeed, we cannot pour from an empty cup, no matter hard we try. We simply cannot give what we do not have. For us to give sound advice and help in decision-making as well as look out for our peers, we must take care of ourselves first. Easier to say than do, but definitely achievable. Burnout affects everyone in the organization, and it presented a real challenge when the pandemic struck. Leaders are likely to put the welfare of their team members and colleagues first, and often neglect their own.
First, accept that you cannot always serve positivity in the workplace and acknowledge that it is impossible to have the right answer to every question or work dilemma. Invest in your own well-being first, for when you feel recharged, you begin to make more informed decisions and be able to guide your team members more efficiently.
Be bold and divergent
Lastly, always choose to be undaunted by challenges. This holds true particularly for women employees who aspire to make their mark within their respective organizations. This is one of the key action plans suggested in Grant Thornton’s 2023 Women in Business Report (WIB), which cites that businesses in the mid-market sector are well-positioned to push for parity. To drive change, companies must be unwavering in their resolve to reach their goals. They can do this by blazing a trail and being bold in their commitments. In terms of elevating employee engagement and looking out for the welfare of staff, being bold means considering new, flexible work arrangements and embedding leadership programs aimed at mentoring and coaching as part of leadership succession planning.
To accelerate progress, the mid-market sector needs more of these programs, plus an increased transparency on leadership pathways and a business culture that supports greater diversity in senior leadership. In addition, accelerating and closely monitoring initiatives designed to encourage diversity and inclusion, including women-only programs, will have a positive effect on overall company growth and employee productivity. Not an easy feat to achieve, but certainly not impossible. Every time, all it takes is boldness to adopt new initiatives and willingness to adapt to the changing needs of the company.
Not all heroes wear capes. There are those who don a business attire, go through the daily grind of making informed corporate decisions, and spark positive influence in the workplace. From one leader to another, always aspire to be compassionate but assertive, take care of your own well-being, and remain unfazed by challenges – all noble goals of modern-day heroes at work to contribute to the growth of their organizations.
As published in The Manila Times, dated 19 April 2022