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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.
Have you risen?
04 Apr 2018It was great having a long weekend without any plans. My only goal over that period was to spend quality time with my loved ones. We planned our days one day at a time: be it just a short trip to the nearest province or to go to church to attend a service, we just enjoyed being together. These are moments I really treasure.
One of the things that our family did was to watch the movie “Risen.” It was a great reminder of the sacrifice Jesus had made because of God’s love to humankind.
In the Philippines, most people are aware of the reason for the holidays that we just celebrated—the death and resurrection of Jesus Christ. While pondering on this beautiful occasion, I was reminded of the impact of this event on each one of us. As a believer in Christ, I really thank God for His love for us, that He gave His one and only Son for our redemption. Jesus died, but He rose again.
The holidays also gave me time to reflect on my life and on how I can relate to Jesus’ resurrection. I specifically reflected on how I have risen above the difficult situations in my life. The first challenge that I could think of was when I was given a chance to handle an expanded role at P&A Grant Thornton. Initially I had to get the support of group heads, who were then reporting to one of the Firm’s founders but would suddenly have to report to me, a manager.
Although this happened many years ago, I can still vividly remember the struggle I faced. Getting their cooperation was not easy, especially since these group heads have been with the Firm much ahead of me. Giving up, however, is not in my DNA. I always believe that things can change and all will be well. The support and trust of my superiors were one of the anchors that I held on to. At the end of the day, it turned out well.
The second challenge was when I had a medical condition that required me to undergo surgery. I do not fear death for I believe in God’s promise that to be absent in the body is to be present with the Lord. When I die, I will be present with the Lord, which is not bad at all. Thankfully, God allowed me to fully recover and live a healthier and better life. I learned a lot from that chapter of my life, particularly on how to take care of myself. It opened my eyes to the idea that one of the best investments that I could make was in my health. Like any other investment, the earlier you invest, the more benefits you will get; not only for you, but for your family and for your workplace as well.
The third challenge is how to rise above a new role that we have not taken on before. In my former role, I only dealt with the Firm’s management. My new role, however, required me to venture outside the Firm and deal with leaders of other companies. I had to go out and seek clients. I am an introvert, at least that was what I thought then, so I was anxious about going out and meeting other people. It did not help that I thought I was not fully equipped to handle the new task. Nevertheless, I accepted the challenge. My mindset at that time was that, if this is not for me, then at least I gave it a try. Regardless of the outcome, I will not regret anything.
Fortunately, I found out that I enjoy being with people. I like meeting prospective clients. I am not afraid to mingle with other professionals. In fact, I treasure all the friends I am gaining through my new role. I would not have discovered these things if I did not accept the challenge of being in a role that I thought I would not be comfortable with.
These are some of the experiences from which I was able to rise above. I strongly believe that, as we live on this earth, there are difficult situations and attendant fears that we need to overcome. I would have not known that I could emerge successfully from such experiences if I did not accept the challenges they presented at the onset.
Every one of us has challenges to face. Whether we are professionals, entrepreneurs, employees, or students, we have situations or challenges that we need to face. It is important that we have the right mindset. We should not give up. Always be positive that you will rise up. In my experience, the joy of rising above the challenges is something I cherish. I learned so much from those experiences that further help me to take on bigger challenges.
In any endeavor, there will always be challenges. The absence of challenges may render our organizations obsolete or irrelevant. As business professionals, we must keep innovating through the many challenges presented to us. Even before a new challenge presents itself, we must anticipate it and be ready with a solution. I have heard stories of businesses that were created due to the challenges faced by the company. Instead of thinking that challenges are threats or problems, let us transform them into opportunities. Let us have the right mindset. From what I have been through, I can say that the joy of rising above those challenges is something that I cherish. I learned so much from those experiences that further help me to take on bigger challenges.
Rise up to whatever challenges you are facing right now. Nothing should stop you from rising.
Paz Malubay is a partner at P&A Grant Thornton. She is also the EVP & managing director for Payroll of P&A Grant Thornton Outsourcing, Inc. P&A Grant Thornton is one of the leading audit, tax, advisory and outsourcing firms in the Philippines, with 21 partners and over 900 staff members. For your comments, please email paz.malubay@ph.gt.com or PAGrantThornton.marketscomm@ph.gt.com. For more information about P&A Grant Thornton, visit our website www.grantthornton.com.ph.
As published in The Manila Times, dated 04 April 2018