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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
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Tax advisory
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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
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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
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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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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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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.
Cultivating a culture of security begins from the top down, with leadership serving as an example for all employees. Effective cybersecurity requires more than just technology and well-trained IT staff; it requires a culture of security that permeates the entire organization. However, such a culture can only be established and sustained through strong leadership. Without the active involvement of senior management, cybersecurity initiatives can falter, leaving the organization vulnerable to attacks.
Previously, we’ve tackled having a people-centric approach in tackling the threats of cybersecure digital landscape, as well as building a culture of awareness by empowering employees as your first line of defense. While being aware of how we can help our IT departments and how to effectively train our employees to be cyber-aware is important, it ultimately falls onto our leaders to champion and drive cybersecurity initiatives.
In this final part of this three-part series, let’s address the role an organization’s leadership plays in cybersecurity.
Leadership’s Role in Cybersecurity
Cybersecurity is a business issue that extends beyond the IT department. When CEOs, board directors, and senior executives take a “hands-off” approach to cybersecurity and delegating full responsibility to IT, it sends a message that security is not a priority. This can lead to a culture of complacency, where employees do not see the importance of adhering to cybersecurity policies.
Common symptoms of a lack of leadership in cybersecurity include:
- Hands-Off Approach: When senior leaders are not actively involved in cybersecurity, it becomes challenging to drive change and ensure compliance across the organization.
- Demand for Exceptions: Employees may frequently request exceptions to cybersecurity policies, and if leaders do the same, it undermines the organization’s security posture.
- Revenue Over Security: In some cases, employees prioritize client work over cybersecurity compliance, particularly when leadership emphasizes revenue over security.
Governance and Accountability
For cybersecurity to be effective, governance and accountability must be clearly defined and distributed across the organization and not just owned by the IT department. This means setting clear roles and responsibilities for each team, from the executive level down to the individual employee.
Here are some key players in your organization’s cybersecurity governance:
Executive Leadership: Responsible for setting the tone and example for the rest of the organization. Leaders must be actively involved in cybersecurity initiatives and demonstrate their commitment by following the same policies and procedures expected of all employees.
- IT Department: Focuses on implementation, compliance, monitoring, and innovation in cybersecurity practices. IT is responsible for ensuring that the technical infrastructure is secure and that security policies are operational and enforced.
- Knowledge Management: Develops and delivers security awareness programs that are relatable and engaging, ensuring that all employees understand their role in cybersecurity.
- HR/People and Culture: Handles the human resources aspect of cybersecurity, including addressing non-compliance and managing disputes.
- Marketing and Communications: Creates and disseminates cybersecurity messaging that is clear, engaging, and easy to understand, ensuring that cybersecurity remains a top-of-mind issue for all employees.
- Employees: Every individual in the organization has a responsibility to adhere to cybersecurity policies and practices, understanding that their actions can have a significant impact on the company’s security.
Leading by Example
Effective leadership in cybersecurity is not just about setting policies; it’s about leading by example. When senior leaders adhere to cybersecurity policies, it reinforces their importance and encourages others to follow suit. Conversely, when leaders bypass security protocols, it sends a message that these rules are flexible and can be ignored.
For instance, if a CEO insists on using unsecured personal devices for work purposes, it becomes challenging to enforce a bring-your-own device (BYOD) policy across the company. Leaders must recognize that their actions set the standard for the entire organization.
Driving a Cybersecurity Strategy Forward
Leadership must be actively involved in every aspect of cybersecurity, from governance to employee training and incident response. By taking a proactive approach and making cybersecurity a boardroom priority, leaders can ensure that their organization is well-prepared to face current and emerging threats.
Why This Matters for FinTech, BPO, Healthcare, and SMEs:
In any industry, especially those that store and process data, leadership involvement is crucial to ensuring a robust cybersecurity framework. Consider outsourcing for cybersecurity experts to assist your leadership team in developing and implementing a comprehensive cybersecurity strategy based on industry standards and framework that aligns with your business goals and helps safeguard your organization’s data and reputation.
Conclusion
As we conclude this series, remember that cybersecurity may be an IT initiative on the surface, but the core principles for success rely more on people: 1. the capacity to have cyber-compliance done continuously; 2. the awareness to do what is right , and 3. the drive to keep compliance on track. It’s time to start building a people-focused cybersecurity strategy that protects your data and your business.
As published in The Manila Times, dated 30 October 2024