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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 year is 2023, you wake up and prepare to go to work. On the way to your office, you stop at a very well-established coffee shop for a cup of coffee. You reach the counter, and a 19-year-old barista asks for your order; a 28-year-old makes your coffee; a 45-year-old manages the establishment; a 60-year-old owns the franchise; and an 80-year-old is the active founder who still keeps tabs on the business’ operations even past retirement. Much like a complex clockwork mechanism, each individual is recognized as an important asset that works with the others to form one very capable unit. Businesses such as this are handled effectively because their leaders understand the importance that everyone brings, carrying with them vastly different personal experiences, insights, and knowledge, which in turn creates a deeply diverse pool of knowledge from different generations—and managing all of them is a serious skill that requires much dedication and patience to properly effectuate. This ability is known as intergenerational leadership, a significant skill in today’s globalized society that often gets overlooked.
Basically, there are currently five generations working together in the workplace, each with their own set of principles, beliefs, work habits, and values. The ability to lead and develop a multigenerational team will be a crucial skill in our rapidly changing, globalized workplace. According to a 2023 Forbes article, these five generations active in the workforce are: The Silent Generation (generally 76 to 99 years old), Baby Boomers (generally 57 to 75 years old), Generation-X (generally 41 to 56 years old), Millennials (generally 26 to 40 years old), and Generation-Z (generally 25 years old and younger), which all bring different mindsets and expectations to the office. Furthermore, the article explains that the traditional relationship between age and career advancement has loosened as careers have grown more dynamic and complex. Leaders must continually reinvent themselves throughout their working lifetimes due to rapid organizational and technological change. Simultaneously, the general company culture has changed to make it acceptable—and occasionally even desirable—to elevate younger people into leadership roles. The article also reiterates that the idea that only senior employees can be managers is becoming obsolete, especially since nowadays it is normal that a 60-year-old intern is being supervised by a 27-year-old.
Intergenerational leadership is a difficult field, and navigating it demands careful thought and deliberate action. Here are some pointers to consider:
Establish a common vision
The key to effective intergenerational leadership is uniting the many generations around a unified vision and set of objectives. Leaders should articulate a compelling vision that resonates with employees of all ages and inspires them to work collaboratively towards a common purpose. Create an inclusive environment where individuals from all generations feel valued, respected, and empowered to contribute.
Focus on diversity and inclusion
Society has been evolving rapidly over the past decades, with diversity and inclusion at the forefront of what this generation perceives as the golden standard for working. Intergenerational leadership promotes diversity and inclusion by recognizing and valuing the contributions of individuals from different age groups. It acknowledges that each generation has unique strengths, experiences, and perspectives to offer. By embracing diversity across generations, organizations can create a more inclusive and dynamic work environment, where ideas from all generations are considered and respected. It is also important to avoid making assumptions or generalizations based on age and focus on individual talents and capabilities.
Encourage ongoing learning and growth
Intergenerational leadership enables the transfer of knowledge and expertise between generations. It is crucial to promote a culture of lifelong learning and professional development and provide opportunities for all generations to upgrade their skills, stay updated with emerging trends, and adapt to changing technologies. Offer training programs, mentorship opportunities, and resources that cater to the learning needs of different generations. Older generations have accumulated valuable experience and wisdom, while younger generations possess fresh perspectives and technological skills. By fostering collaboration and mentorship between generations, intergenerational leadership facilitates the transfer of knowledge, ensuring that valuable insights are not lost and that organizations can benefit from the collective wisdom of multiple generations.
Be a leader who radiates unconventional thinking
When interacting with people of different generations, be inclusive, open-minded, and respectful. Show that you are eager to learn, adjust, and respect diversity, and that you are willing to consider ideas that are non-traditional. Your actions will set the tone for the organization and encourage others to follow suit.
As indicated by a Harvard Business Review Article, one should "Promote managers who think creatively—and beyond age-based generalizations—to be inclusive of long-tenured employees." Making reskilling a strategic priority is necessary to have a resilient workforce. Proactive managers can reengage and extend the careers of valued employees by arranging for them to gain new skills or take sabbaticals.
Seek feedback and adapt
Lastly, great leaders openly communicate with the people they manage. Actively seek feedback from individuals across generations to understand their perspectives and experiences within the organization. Use this feedback to refine your leadership approaches and make necessary adjustments. Continuously learn and adapt your strategies to better navigate the complexities of intergenerational leadership.
In conclusion, it is crucial to develop an inclusive culture, value multigenerational talent, and foster understanding and respect across different generations in order to maintain successful generational coexistence. Keep in mind that establishing an inclusive and collaborative atmosphere needs patience, empathy, and a commitment to intergenerational leadership as a lifelong endeavour. By embracing the strengths of all generations and promoting mutual understanding, you can effectively navigate the complexities and leverage the full potential of intergenerational teams.
As published in The Manila Times, dated 12 July 2023