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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.
Educational leadership in the age of AI
04 Mar 2020Who will lead in the age of artificial intelligence (AI)? More importantly, how will they choose to lead?
The age of AI is transforming the education sector. As a result, leaders of educational institutions must learn to adapt and maximize the use of technology.
Generations of learners are greatly affected by innovation and disruption. The constant use of technology is changing the way students learn. Technology advancement through AI is changing how content is being delivered. New education models are being created, and traditional schools need to constantly adapt to stay relevant.
Leading in the age of AI is focused on empowering others to lead and create self-organized
learning teams. This creation process involves digital transformational leadership — a shift in leadership thinking not only for empowered learning, but also for self-organized learning environments (SOLEs) in educational institutions. Much to be considered are the unique changes and unpredictable challenges, which should be faced with a balance of caution and openness.
Teachers today must design, develop and implement new learning methods to capture the attention of learners. Merely creating pockets of technological innovation in classrooms is not enough. Educational leaders must also have an effective digital transformation strategy to create a culture of innovation and collaboration that will lead to better learning for all and prepare learners to be leaders in the age of AI.
Disruption can alter the way an industry operates. If we look at the big picture in such a way that innovation goes hand in hand with disruption, we will see that both innovation and disruption are part of an endless cycle of learning amid the age of AI. We need to embrace change and disruption to pave the way in an ambiguous and complex world.
For educational leaders in the age of AI, a radical shift in thinking and taking action is the greatest weapon for unexpected, rapid change. Educational leaders must adapt an action-oriented mindset for their educational institution to remain relevant. They must learn to ask questions, be more data driven, and cultivate high emotional intelligence. Likewise, they must transform failure into learning opportunities.
Learning to fail intelligently means knowing your limitations, facing your shortcomings, and recognizing your own vulnerability. It means identifying the difference between seeing failure as an obstacle deterring success and treating failure as a stepping stone to success.
Educational leaders must also future-proof educational institutions under their wing. To do this, educational leaders need to develop and deliver an agenda for the future of teaching and learning by adequately preparing students, preparing schools to thrive, and assessing the relevance of the current schooling model.
As part of future-proofing, promoting innovation in schools in the age of AI involves empowering teams to foster participation and accountability. Shifting from the know-it-all and master of the universe approach to the ragtag, bottom-up approach is the new way forward. Encouraging others to contribute knowledge and ideas, and to learn from them is a fitting task for an educational leader in this ever-changing age. Building an environment where people care about their work and are accountable for their responsibilities is a strong foundation for the growth and development that educational leaders envision for their people.
Another room for improvement is creating a new vision for teaching and learning. While most schools teach their students the same way they did in the past, a number of brave and bold schools are moving toward a newer phase. Today’s learners have unparalleled access to information, effortless connectivity, new ways to express creativity, and a myriad of academic choices and careers yet to be envisioned. Because of these opportunities, changing the approach from the top to the bottom of an educational institution is ideal.
Teachers must be trained for new knowledge and skills. After all, working on the body on its own is an empty gesture if the mind thinks the same way. The use of state-of-the-art teaching methods and approaches can significantly enhance student learning, and is a crucial skill for teachers. However, experimenting with teaching strategies is no mean feat.
In addition, teachers must consider the advancement they can provide to students in areas of engagement, motivation and academic performance with the application of new methods and strategies. Personal reservations should be set aside to cater to what is best for the majority of learners. Resisting change can only lead to below-average learning and the eventual obsolescence of institutions as a whole.
Educational leaders who fully embrace change can have the advantage and competency that students, teachers, and institutions are looking for. Instead of obsolescence, they will prosper as frontrunners in the ever-changing age of AI.
Jess Obana is a senior managing consultant in the advisory services division of P&A Grant Thornton. P&A Grant Thornton is one of the leading audit, tax, advisory, and outsourcing firms in the Philippines, with 23 partners and more than 900 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 jess.obana@ph.gt.com or pagrantthornton@ph.gt.com. For more information, visit our website at www.grantthornton.com.ph.
As published in The Manila Times, dated 04 March 2020