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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.
The coronavirus disease 2019 (Covid-19) pandemic can be considered the greatest challenge that education has faced in modern times, significantly disrupting institutions worldwide and billions of learners of all ages. In response, academic institutions conducted courses online and faculty and staff worked remotely due to safety and travel restrictions. Virtual setups have since become the new norm, from teaching and learning to graduation ceremonies. The dire circumstances have effectively removed face-to-face group learning in all educational levels and changed the online learning landscape.
What lessons have we learned?
The adoption of online teaching and learning resulted in favorable and unfavorable experiences. Most teachers and students were unprepared as many schools lacked structured online programs, sufficient technology and infrastructure, and proper course development processes and support systems.
Families also faced difficulties in understanding the impact of various flexible learning models on their children's education and overall family dynamics, Furthermore, low-income families were impacted disproportionately due to lack of access to high-speed internet and gadgets, highlighting the issue of widening digital inequity.
Despite the vast challenges, educators were quick to learn new technology skills. Surprisingly, they were able to develop digital resources for a complete academic year as web-conferencing platforms gradually became their new classrooms. Educational institutions were also quick to deploy online learning courses combined with eclectic methods to meet educational goals in emergent situations. Indeed, these are extraordinary times that require a range of responses and a lot of creativity and innovation.
These experiences demonstrated resilience and revealed a potential for excellence in online teaching and learning. But building on these will require time, effort, and resources to make them sustainable. More importantly, educators must be provided with technological tools, the freedom to adopt innovative approaches, and capacity to share learnings to a broader community for wider applications. Online education leadership also plays a key role in adopting strategies to improve the quality of online programs and establish processes to manage innovations in teaching for greater efficiency.
Where do we go from here?
What is next is to harness lessons from experiences during the pandemic and use these to improve institutional practices.
As the government continues to step up its vaccination program, we tend to contemplate on going back to long-held patterns of education. While we wait for physical classes to resume, educational institutions need to start reassessing emergency remote courses to figure out how these will retrofit as essential course elements in line with pedagogically-sound online teaching and learning standards.
While online learning will not fully replace the physical classroom, there is no doubt that a well-designed online course is equally effective as traditional classroom instructions. A creative way of upgrading emergency remote courses into quality online courses is to rethink how to plan and best deliver online instruction.
Virtual education leadership must champion technological innovation. Academic institutions must respond to technical constraints, renew their commitment to online learning, redesign online courses to improve quality, identify and document innovative processes, and create policies and procedures designed for online learning. They must also decide if the best approach is to partner with external online learning providers or engage ed-tech consultants.
In terms of infrastructure, online leadership should identify educational technologies that will best fit the institution's strategies and plans for online content development and delivery. Institutions should invest in essentials such as learning management systems, learning analytics, assistive technologies for learners with disabilities, and emerging technologies such as virtual reality, augmented reality, and artificial intelligence.
Embedding online learning beyond Covid-19
It is high time for educational institutions to build their online learning capacity and capability to support teachers and learners. This should be particularly implemented by institutions that fell behind in their online learning endeavors at the start of the pandemic.
Educational institutions should develop their online learning plans to ensure that teachers and students are ready for synchronous and asynchronous online learning, whether in normal times or in emergency situations.
For learners who lack access to stable internet connections and gadgets, institutions must consider using alternative delivery models such as the use of printed modules in combination with TV, radio broadcast, and other media.
As we approach the new academic year, teachers and students may need structured orientation on online learning to provide them with an array of skills necessary to navigate the virtual learning environment. The online learning experience does not depend solely on the quality of instruction. Educational institutions must also build capacity and infrastructure to provide non-academic support services to teachers and students alike.
With all the focus on the role of educational technology, let us not forget the critical role of teachers in the delivery of online education. It is a big mistake to assume that all teachers can develop all the essential skills for online teaching overnight. They will need additional training and continuing professional development to effectively engage in online teaching.
The devastating impact of the pandemic on education should serve as a wake-up call for all academic institutions and education leaders on how technology can, could, and should be used together with the traditional teacher-led classroom to attain better learning outcomes. If these institutions successfully embed existing and emerging technologies with proven teaching practices, we will be able to get something positive from the pandemic and enter a new era in education.
As published in The Manila Times, dated 28 July 2021