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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.
Fund your growth
11 Apr 2018Last year, I wrote about how we all should mind our growth. I pointed out that we are oftentimes not mindful of our personal growth; that we take it for granted, even believing that personal growth will naturally occur as we live our lives. Over the past few months, as the busyness of my life has once again taken control of my daily schedule, I found myself wondering: “How do you ‘fund’ personal growth?”
It is an absurd question, you might wonder. I realize that as well. What do I mean by “funding your personal growth”? Last weekend, I was in a meeting on behalf of a client. One of the questions that arose during that meeting was: “How are we going to fund our growth? Are we going to infuse additional funds or obtain a loan from a bank?” Such a question often comes up in most businesses.
On my way back to Manila, I realized that if organizations could think about things such as where to source the funding for their growth, why couldn’t we, as individuals, do the same?
When I think about funding my personal growth, I do not think of it strictly in terms of money. Though money is part of the resources I need to fund growth, there are other necessary “funds” or resources. The other resources needed to fund personal growth are time, space and motivation. Let us take a look into each of the four needed resources:
Money
Businesses have several ways of generating funds to finance growth. They could either retain their earnings, get capital infusion from their shareholders, undergo an initial public offering, or obtain debt from external parties.
We, as individuals, have similar options. We could cut down on our spending to increase our savings, sweet-talk our parents to finance our growth activities, take advantage of the internal growth programs our organizations can provide, or request our organizations to fund growth activities, even if that would require an employment bond.
Time
Time, as we all know, is limited. Carving out time is essentially a zero-sum game. As we allocate the time we need to invest in our growth activities, we are removing it from where it is being used. For most, we can reallocate time from being spent on non-essential activities. That should be fairly easy. For some, all their waking hours, maybe even their supposed resting hours, are already being used on productive activities.
However, just because you engage in a productive activity does not mean it allows you to maximize your growth.
Reallocating productive hours to your growth initiatives requires you to set your priorities. Be more strategic about how you spend your time. One of the ways you can be strategic is by buying time as long as you can afford it. For instance, I am not the typical man of the house who can do handyman work. If I do not consider that particular skill as something I want to acquire, I would be more than willing to pay somebody else to fix our leaking faucet or our busted electric fan, rather than doing it myself or learning to do those things myself. I would rather spend my limited time to my other growth activities than be productive in fixing our leaking faucet.
Space
Space is different from the time you need to carve out to fund your growth initiatives. Space is your mind space. It is your ability to focus on the growth area you want to develop and to be able to block out other concerns that you may have.
When I attended a 60-hour professional coaching training program as a representative of P&A Grant Thornton, not only did I need to block off days in my calendar, I also had to make sure that, while I was physically present in the training, my mind should also be in attendance. I cannot think about the work that is happening at the office; otherwise, I would not be maximizing the growth opportunities happening right in front of me.
Motivation
There should be a pressing need to reach the level of your fullest potential; there is so much more you can share with the world. Considering that you have already sourced the money needed for your growth initiative and carved out time and mind space to take on that activity, the last resource requirement that you would need is motivation.
Motivation ensures that you will see the activity through the end. The deeper and the bigger your reason or reward that you have envisioned for this growth initiative, the more patient and persevering you will be in your pursuit of personal growth.
Growth requires change. Growth can oftentimes be painful. Growth is never easy. For you to see it through, the reason behind your pursuit is essential. It is the thing that will help you accept change. It is the thing that will prevent you from giving up when it becomes painful. It is the thing that will make you persevere more when you realize it will never get easier.
Minding your growth allows you to be more aware of yourself and your potential. Funding your growth transforms that awareness into action. Let us start generating those ‘funds.’
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 11 April 2018