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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.
WITH the rapidly changing technology and the constantly changing needs of today's learners, the traditional face-to-face approach is swiftly losing its significance and becoming less feasible in the new normal.
Using technology to enhance learning is an extremely exciting idea. Educational concepts like blended learning, flipped classroom strategies, mobile learning, customized learning experiences, bring your own devices policies, virtual laboratories and other trendy ideas all owe their existence to technology.
But the reality is that the tools and facilities of most public and private learning institutions in the Philippines are less than cutting edge. One of the most common tools used in education today includes web-conferencing apps like Zoom, Google apps, open educational resources and learning management systems, or LMS.
While most schools are content with delivering teaching and learning via Zoom, this is not online learning. For a time, that was enough as an "emergency remote teaching" response, but learners do not learn that way anymore. Online learning has been on the rise recently and learners are beginning to see the advantages that this digital learning platform can offer. However, online learning would probably not be possible without one essential tool: the LMS.
What is LMS?
An LMS is a software tool that enables students to receive learning content and educational resources to continue their educational endeavors online. The use of LMS in education is a smart choice for educational institutions in today's world. It allows teachers to deliver customized learning content, leverage different pedagogical models and engage their students much better than before.
Despite the significant improvement in how technology is used in the learning process, the unfortunate reality is that significant work needs to be done in understanding how the LMS can function to enhance learning.
There are quite a few LMS options to choose from. In education, we have the top LMS in the likes of Moodle, Canvas and Blackboard Learn, each one boasting of its own set of features. Generally, there are three main categories of LMS: cloud-based or installed, open-source or proprietary, and free or commercial. There are many issues to consider when choosing an LMS. Though commercial LMS costs more, schools using this kind of LMS are provided with access to support and are offered enhanced features.
Why is LMS essential in education?
The LMS is a platform that education and corporate learning institutions can use to deliver online and blended learning. It typically possesses a wide range of essential features.
The LMS allows students to learn anytime and anywhere. Students can have access to courses whenever they like rather than during a set time, enabling them to learn at their own pace and get the most out of their education. Even those who may not have time for traditional learning can benefit from it.
Students can just log in to a web interface using any mobile device and start learning. They can complete and deliver coursework, have the power to track their progress and keep an up-to-date calendar of assignments and tests. They can also learn and interact with the best professors and subject-matter experts located anywhere in the world.
Teachers can upload course materials and create tests that can be reused over an infinite period. Teachers and instructional designers can deliver educational content to students in real time and can provide immediate feedback based upon their desired grading system. Teachers can also communicate with students and can track and analyze their progress using the reports and analytics features.
One unique feature available to LMS is "multi-tenancy," which allows schools to form consortiums by pooling their financial resources and to share the costs of implementing an LMS. Despite using the same platform, participating schools can have their own identity and branding incorporated in their respective sites and may choose to collaborate and share resources, processes and practices with each other.
Why use LMS in corporate learning?
In addition to the features and benefits available to education, companies can maximize their human capital by using LMS to track their people's development. One benefit unique to corporate learning is that learning and development professionals can use specific data elements to ensure individual learners are meeting the desired learning objectives or competencies.
All learners have different successes and struggles, whether in a traditional or virtual learning environment. The use of key data elements that are tracked and analyzed within an LMS can help improve learner adoption. This is particularly crucial for companies operating in highly regulated industries such as in banking, health care, aviation, energy, pharmaceuticals, and more. Providing employees with the needed tools and competencies to succeed while staying compliant is of paramount importance.
LMS is the future of learning and offers endless opportunities for both teachers and learners alike to bring education to the next level. Like the question on whether "lugaw is essential" as a commodity, the LMS is an absolutely essential tool for schools and companies to successfully deliver remote education to their learners.
As published in The Manila Times, dated 02 June 2021