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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.
As we grow older, the urge to go back to our roots becomes stronger. Lately, I am having more and more of these urges to go back. For people managers such as myself, one of the most pressing desires is to go back to professional associations such as the People Management Association of the Philippines (PMAP). It was in 1995 that I started to become very active with PMAP. My employer then became a member and designated me as a regular representative.
I became an active member due to the influence of the late PMAP past president Lina Aseneta †. Tita Lina—as everyone fondly called her—and I started with PMAP on the same year. We were both part of the Awards Committee, and we worked together to screen nominees for the prestigious Employer of the Year (EOY) award.
After my first year of membership, Tita Lina never stopped contacting me to attend general membership meetings and take an active role in committees. When Tita Lina chaired the membership committee, she insisted that I should be a member of that same committee, which I obediently abided by. I did what I could to recruit new members and do whatever tasks assigned to me, even if it was already beyond what I can do. Believe it or not, I once performed a folk dance, which was the best committee performance that year.
I was a very young human resources (HR) practitioner then, green horn, rough edges, and all. PMAP welcomed me with open arms. It was at PMAP where I have learned the true essence of volunteerism and the real meaning of labor of love. I have seen men and women who have dedicated themselves to the cause of PMAP and the HR profession in general.
I remember attending my first Annual Conference which was then called the National Conference. It was held in the Subic Bay Freeport Zone. I would not describe the conference as topsy-turvy, but it was really borderline of chaos. Check-in was difficult, the conference venue was a make-shift gym, the hotel rooms were converted barracks of United States military personnel, the presentation materials were not as fancy, the sound system not as crisp, the stage lighting not as impressive, and the overall program, although not bad, is far from what PMAP can produce now. Looking back, it was nothing but learning, fun, and networking at its finest.
From 1995 to 2005, I had 10 solid years of active membership in PMAP. When I moved to the Business Process Outsourcing industry, I had to let go of my active membership. Work required frequent travel and extended working hours, including working the graveyard shift, making it difficult to maintain an active membership with the association.
During my 10 years of active membership, I was able to form lasting friendships. I was with the Awards Committee for the most part, exposing me to the best people management practices. This exposure has proven to be valuable to advancing my HR career.
In 1997, I completed a diploma course in HR offered by PMAP, with no less than HR gurus as my professors. The diploma course provided the backbone in my technical expertise in people management. I have done a lot of hosting chores for various PMAP events, which has paved way to my career as a public speaker. I was the chairperson of the Awards Committee in 2003, providing a venue for me to further hone my leadership skills.
I can proudly say that a whole chunk of what happened to my career is greatly impacted by the 10 years of active membership with PMAP. I am fully grateful to PMAP for all of the opportunities, and this is where the yearning to go back comes from.
After being away for more than a decade, I have slowly returned to revive my active membership. It started in 2017 when I attended the Annual Conference as representative of our firm, P&A Grant Thornton, which even had an exhibit booth during the 54th Annual Conference at the Manila Marriott Hotel to launch our Human Capital advisory services.
I am slowly immersing myself again into the PMAP mainstream. I have come back, because it is already time to give back to the association that has been very good to me. It is my fervent desire to help young HR practitioners and their organizations institutionalize best people management practices.
This year will mark my official reentry to mainstream PMAP during the 55th Annual Conference. The 2018 theme is FOCUS – FUTURE • OUTSIDE-IN • COLLABORATION • UNISON • SUSTAINABILITY. The conference is happening from October 10 to 12, 2018 at the ASEAN Convention Center, Clark Special Economic Zone, in Clark Field, Pampanga. I will be the concurrent session chair for the World Institute of Action Learning (WIAL) segment during the second day of the conference.
Although the venue is not the same as my first Annual Conference in late 1990s, it brings back a lot of memories of that very first time I attended. The roads may be different, the attendees a lot diverse, the program much better, the accommodations fancier, the food tastier but, for sure, it will be full of learnings, fun, and friendship—things that PMAP has provided people managers all these years. It is definitely good to be back.
Obet Cruz is a Senior Managing Consultant of Advisory Services.
We’d like to hear from you! Tweet us: @PAGrantThornton, like us on Facebook: P&A Grant Thornton, and email your comments to Obet.cruz@ph.gt.com or pagrantthornton.marketscomm@ph.gt.com.
As Published by The Manila Times dated 10 October 2018