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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.
In this age of social media, where we have access to platforms that allow us to share our own content, we are becoming more aware of what has been happening to other people, regardless of where they may be. Though there are inherent dangers to this new level of connectedness, it also allows more and more conversations to happen, albeit in the digital space. It can cause envy, yes, but it can also spark hope. As we share our lives and engage in conversations that transcend distance, it now becomes more apparent to us that we are not alone in our daily struggles; that our sufferings are not unique to us; that there are others out there who may have something worse than whatever it is we are going through.
At this very moment, you could be seething with anger at your people, because you felt betrayed and were left hanging in a very important undertaking. You could be pissed off with your boss, because you do not feel appreciated. You might have lost faith in your organization, because they seem to promote incapable and undeserving colleagues. Add to that whatever you are dealing with outside of your work, and you now become combustible, ready to explode anytime. Whatever it is making your burdens heavier, allow me to share this with you.
There is no inconsequential growth when one endures through suffering. Growth happens when we are uncomfortable. Growth happens when we endure. It happens when we persevere. In developing one’s muscles, one must go through aches and pains. There are no shortcuts.
Inventions are borne out of inconveniences. Faith blossoms in times of trial and pain. As my daughter always reminds me, “You win some, you learn some.” In every painful endeavor, there is growth to be had. We just have to be mindful of it.
Wherever you are right now, bloom. Do not be content at being a bystander, while others are busy growing. Remember, all of us, in different degrees, are facing our daily struggles. Do not sulk in the corner and whine about your struggles, while others are dealing with theirs head on. I am not saying we should “shut up and work.” There is a time for everything. If you need to talk or air it out, by all means. However, there is also a time to be productive and find solutions to your problems.
Take in every experience. Do not brush aside the struggles, the pain, and the suffering. Allow yourself to process what you have been experiencing. By taking it all in, you are allowing yourself to gain a better understanding of the situation and how you can best learn from it.
At the same time, give your all. Do not shortchange your effort just because you are disappointed with the people you are working with or because your organization is not living up to your expectations. Ours is not a small world and it is becoming smaller with every advancement in technology. Thus, always give your best and exercise civility and decency at all times. Never burn your bridges. You never know when you might need to traverse them again.
Idealism is good. It provides high standards to aim for. A word of caution, though. May it not cause us greater despair, if it eventually becomes unmet. Let us all aim for equality and fairness, but let us not become too attached to our ideals that we become cynical at the end.
Surely, this world will tear your idealism into pieces. The more accepting we are of the fact that the world is not, and will never be, truly fair, the easier it will be for us to endure. Wherever you are, do you think you got to that point fairly, that everything that contributed to your status now is based purely on your own merits? Most likely not.
We are designed to work. I truly believe that God created us to work to contribute to human flourishing. Whether as an employee, an entrepreneur or a stay-at-home parent, we have our roles to play. Our work, however, is one of the major sources of our daily struggles. It is inescapable. Even if we resign from our current jobs, we will still face similar or different struggle in new environment. We will still deal with people, a different group perhaps, but a group that will also cause our struggles.
Having said all of these, it does not meant we have an illegitimate gripe. For most of it, I am certain it is real, at least for the person feeling it.
It does, however, put everything in a new perspective. A perspective wherein we have come to accept that, in our life—especially in our work—we will be disappointed. Maybe not all the time, but we will. We will be frustrated, hurt, and humbled. So is the next person. So is your friend in another continent. So is your child in grade school. So is your boss. It is then up to us to find ways to be more understanding and patient amid all of these. At the same time, never cease to demand excellence. A difficult balance, perhaps. But what is life if lived without any tension? Demand excellence but exercise a lot of patience and understanding.
In this age of social media where we have access to platforms that allow us to share our own content, let us become that person ready to have a conversation with people who need it, regardless of where they may be. That’s because you might be the messenger of hope during a time when they badly needed some.
Anton Ng is a Partner of the Audit & Assurance Division 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 900 staff members. We’d like to hear from you! Tweet us at: @PAGrantThornton, like us on Facebook: P&A Grant Thornton, and email your comments to anton.ng@ph.gt.com or pagrantthornton@ph.gt.com. For more information, visit our Website: www.grantthornton.com.ph.
As publsihed in The Manila Times, dated 27 March 2019