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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.
School opening last week again highlighted the terrible traffic in Metro Manila, said to be among the worst in the world. It took me during the Wednesday rush hour, one hour and forty-five minutes for the three-kilometer distance to my business meeting. While I have emotionally accepted my fate of being stuck in Manila, let me share you some of my thoughts in a listicle, on how we can ease the traffic in our own little ways:
1. Let your fingers do the paying. Many of us still drive and go to payment centers and, even worse, the offices of utility companies to pay utility bills. All these companies now accept payment online or through credit cards, or deduction from our bank account. This could be done anytime and from anywhere if you have Internet access and your smart phone or computer. No travel, no traffic and no long queue.
2. Make it a habit to do banking through the web or ATM. You can deposit, withdraw and pay loans through the web from anywhere, anytime of the day. If you are not comfortable with using the web, use ATM. With the continuing proliferation of ATMs, there could be one near your place.
3. Let the motorcycle do the cooking. Taking orders for food by phone and delivering it to the customer—a service that fast-food venders introduced—has now been adopted by others, including some fine dining restaurants. Why not try it? You can avoid getting stuck in traffic jam and save the time for enjoying more quality time with your family.
4. Use school bus or a service to send your kids to school. It will help your kid to make more friends and develop people relationship skills. And, it will also help unclog the traffic in the campuses.
5. Share a driver. The so-called UV Express vehicles have become ubiquitous. Why not use them for your journey instead of your car? They may not be “roomy” always, as they operate on full passenger capacity, but you can surely sit back and relax. This also means fewer vehicles on the road.
6. Share a ride, aka carpooling. This means using a single car for friends or neighbors. The more the merrier. This is not yet popular in Metro Manila, but if we will give it a chance we can certainly reduce the traffic congestion in the metropolis.
7. Early birds catch the worms. If it’s unavoidable that you really have to use your car to go to office, make it a habit to drive ahead of the others. Do not go with the crowd. Be on the road an hour or so before the “rush hours”. This way you will not only help ease the traffic but you can also rest and be well-prepared emotionally and physically to tackle your regular office chores.
8. Go back to basics. Plan your trip before you hit the road. Subscribe to road orderliness, please. Let us not outsmart each other on the road. I hate road “counter flowers” and lane “cutters”. There may not be too many drivers who behave this way, but the traffic problem that they create is always horrible—not to mention accidents. Let us save life, time and gas. Speaking of planning your trip, navigation “apps” like Google Map and Waze are now available, which you can download and use for free. They can show directions and advice you about real-time traffic conditions, road accidents ahead and traffic enforcers’ location.
9. Conduct business meeting through video/telephone conferencing. Driving from Makati to Ortigas Centre or Bonifacio Global Center for, maybe, an hour-long business meeting can claim half of your day considering travel time. Conducting business meetings through video/telephone conferencing is an alternative. The time you will need to spend in traffic jam can be spared for more productive and profitable office work.
10. Arrange with your employer for you to “work from home.” This may sound initially unacceptable to your employer, but now that computers and the Internet are part of the working tools the arrangement can work well for both parties. You save gas and, at the same time, you don’t contribute to traffic congestion.
Of course, we have heard from the new government that solving the Metro Manila’s ever-worsening traffic problem is a priority. The government may build more roads and introduce a better mass transport system. Still, let us do our part.
By the way, you can now also do your shopping through the web and avoid driving to shop. Finally, if you believe you can open roads within your subdivision or village for public use to help traffic flow, please discuss within your community to allow it. Consider it as a collective patriotic act. Please go for it!
Jun Cuaresma is the Managing Partner & COO, and Audit & Assurance Division Head of P&A Grant Thornton. P&A Grant Thornton is one of the leading Audit, Tax, Advisory, and Outsourcing firm in the Philippines, with 21 Partners and over 700 staff members.
As published in The Manila Times, dated 6 July 2016