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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.
It has been a while since I last went out on a date with any of my daughters. My wife and I have committed to taking our kids out on dates, but circumstances have always hindered us from doing so consistently. A couple of weeks ago, I was finally out on a date with my second daughter, doing the things she likes to do, eating the food she wants to eat and, most importantly, neither allowing me nor the past choices of her older sister to influence her.
Prior to our date, I got wind of her response when she was asked during one of her summer activities on what makes her sad. Her answer was “If somebody breaks my heart into a million pieces.” During our date, I asked her who causes her heart to break into a million pieces. Her response broke my heart into a billion pieces: apparently, it was me and her mom every time we reprimand her.
I felt wounded; my mind was confused. My initial reaction was to question what my daughter was feeling. All along, I thought and believed that I explained myself well to her; that every time I reprimand her, my reasons and intentions and, ultimately, my love for her were very clear. Thus, I expected my four-year old to fully understand; that her heart should not have broken into a million pieces, because of me. I realized, however, that I should not simply disregard her feelings; that although I thought I might have explained to her already, I may still be at fault. In this relationship, I am the adult and the mature one. At the end of the day, she is my daughter. I cannot let what I heard and what I felt make me disengage with her. If it leads to that, this relationship would surely not develop any further.
This type of conversation and relational dynamics is not entirely limited within familial bonds. Albeit in far less cheesy and dramatic words (meaning no breaking-into-a-million-pieces kind of narrative), we could often experience a similar back and forth with our own people in the workplace. As leaders in our respective organizations, we often hear complaints. We hear about hurt feelings caused by us, as well as faults and shortcomings thrown our way. We will feel wounded; our minds will be confused. We thought we have performed our responsibilities in the best way we can, and yet this? As a response, intentional or not, we sometimes disengage with our people. We let our pride take over and, thus, prevent ourselves from further engaging.
There are a number of articles that we can read on how to keep our people engaged or how to prevent them from being disengaged. Some are heavily anchored on organizational culture or leadership traits, while some are rooted on something more existential, such as the alignment of the organization and personal values. One thing certain, however, is that leaders cannot be the first to disengage. Leaders cannot afford to be the one to stop the conversations from happening.
Engagement requires time and effort; most leaders would often complain they are running out of both. No matter how difficult it may be, I believe it is in our best interest to keep the conversations going. Otherwise, our people, even our most loyal ones, will eventually check out.
We cannot hide behind the fact that we have already discussed certain things with them or that we have explained the basis of our decisions. Neither can we just say that we are all adults and professionals and that everyone should just lick their wounds and move on. Doing so would only further alienate people, which could eventually lead to disengagement.
They say hate is not the opposite of love, rather, it is indifference: the point of not caring. It is as if one does not exist. Hate at least comes from a strong feeling of emotion towards the object of hatred. Indifference, on the other hand, has no emotions attached to it. It does not want to know what you are doing; it does not even want to know if you are even there. Once a person reaches this stage towards an organization or its leaders, that person is no longer working for anybody but themselves—a losing and dangerous scenario for any leader if you ask me.
Losing one’s enthusiasm, energy, and excitement for work is both a function of how one reacts to situations and how the other party, the organization or its leaders, respond to the situation. Both should also be responsible for bringing those back. Both have a stake in the relationship. Both need to do something to keep the relationship healthy.
Despite my initial reaction to what my daughter said, it dawned on me that, instead of becoming annoyed at how she felt, I should make sure that I keep the conversation going. I could not simply allow my pride to take over and negatively impact how I engage with her moving forward. You might say “Of course! That is what you will do because she is your daughter.” But, knowing us, we sometimes let our pride, our overindulging self-love, view ourselves as far more important than others, even to those whom we swear we love. What more to those outside our so-called “loved ones”?
We often accuse our people of no longer engaging. Sometimes, maybe we are the ones who started disengaging.
Anton Ng is a Partner, Audit & Assurance of P&A Grant Thornton. P&A Grant Thornton is one of the leading Audit, Tax, Advisory, and Outsourcing firms in the Philippines, with 21 Partners and over 850 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.marketscomm@ph.gt.com. For more information, visit our Website: www.grantthornton.com.ph.
As published in The Manila Times, dated 12 June 2019