-
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
-
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.
-
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.
-
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.
-
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.
-
Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
-
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
-
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.
-
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.
-
In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
-
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.
-
Fresh Graduates
Fresh Graduates
-
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.
-
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.
When P&A Grant Thornton embarked on a journey to integrate sustainability into its operations over two years ago, it sought a symbol to engage its stakeholders, primarily its people. In early 2023, the Firm’s Sustainability Working Group chose the sea turtle as its symbol for sustainability, leading to the birth of P&AWI (read as PAWI), the Firm’s sustainability mascot. P&AWI stands for “pawikan,” the Filipino term for sea turtle.
Sea turtles, with their ancient lineage and remarkable adaptations, have long captured human imagination. These majestic creatures, which have roamed the oceans for over 100 million years, are not only a testament to life’s resilience but also play a crucial role in maintaining marine ecosystems’ health. Now, based on various available studies and research, let’s delve into the greatness of sea turtles by exploring their unique characteristics, ecological importance, the challenges they face, and how we can protect these magnificent creatures.
Ancient Mariners
Sea turtles are among the oldest living reptiles, having survived the mass extinction that wiped out the dinosaurs. Their evolutionary success is evident in their widespread presence across the world’s oceans. There are seven species of sea turtles, each with distinct characteristics and habitats: leatherback, green, hawksbill, loggerhead, Kemp’s ridley, olive ridley, and flatback turtles.
One of the most fascinating aspects of sea turtles is their ability to navigate vast distances. Using the Earth’s magnetic field as a guide, they embark on epic migrations, often travelling thousands of miles between feeding grounds and nesting beaches. This geomagnetic navigation allows female turtles to return to the exact beach where they were born to lay their eggs.
Unique Adaptations
Sea turtles possess a range of adaptations that make them perfectly suited for ocean life. Their streamlined shells reduce drag, enabling them to glide effortlessly through the water. Unlike their terrestrial relatives, sea turtles cannot retract their heads or limbs into their shells. Instead, their limbs have evolved into powerful flippers, which they use to propel themselves with grace and efficiency.
The leatherback turtle, the largest of all sea turtle species, has a unique adaptation that allows it to thrive in colder waters. Unlike other sea turtles, the leatherback’s shell is leathery, which helps it maintain buoyancy and withstand the pressure of deep dives. Leatherbacks can dive to depths of over 4,000 feet, making them one of the deepest-diving marine animals.
Ecological Importance
Sea turtles play a vital role in maintaining marine ecosystems’ health. As herbivores, green sea turtles graze on seagrass beds, preventing them from becoming overgrown and ensuring they remain productive habitats for various marine species. By controlling seagrass growth, green turtles help maintain the balance of these important ecosystems.
Hawksbill turtles, on the other hand, feed primarily on sponges, which compete with corals for space on reefs. By keeping sponge populations in check, hawksbills help promote coral growth, which in turn supports a diverse array of marine life. This intricate balance highlights the interconnectedness of marine ecosystems and the crucial role that sea turtles play in maintaining them.
The Circle of Life
The life cycle of a sea turtle is a story of perseverance and survival against the odds. Female sea turtles return to the beaches where they were born to lay their eggs, often travelling great distances to do so. They dig nests in the sand and lay hundreds of eggs, which incubate for about two months. The hatchlings then face a perilous journey to the sea, with only a small fraction surviving to adulthood.
Once in the ocean, young sea turtles spend several years in the open sea, a period known as the “lost years,” before returning to coastal areas to feed and grow. This journey is fraught with dangers, from predators to human-induced threats such as plastic pollution and fishing nets. Despite these challenges, sea turtles have managed to survive and thrive, a testament to their resilience and adaptability.
Threats and Conservation
Despite their resilience, sea turtles face numerous threats in the modern world. Habitat destruction, climate change, pollution, and illegal hunting have all taken a toll on their populations. Many species of sea turtles are now listed as endangered or critically endangered, highlighting the urgent need for conservation efforts.
Habitat destruction, particularly the loss of nesting beaches due to coastal development and rising sea levels, poses a significant threat to sea turtles. Climate change also affects the sex ratio of hatchlings, as the temperature of the sand where eggs are incubated determines their sex. Warmer temperatures result in a higher proportion of female hatchlings, which could impact future populations.
Pollution, especially plastic pollution, is another major threat to sea turtles. Turtles often mistake plastic debris for food, leading to ingestion and entanglement, which can be fatal. Efforts to reduce plastic pollution and promote sustainable fishing practices are crucial to protecting these ancient mariners.
Conservation Efforts
Conservation organizations around the world are working tirelessly to protect sea turtles and their habitats. These efforts include protecting nesting beaches, reducing bycatch in fisheries, and combating illegal trade in turtle products. Public awareness and education are also key components of conservation, as they help foster a sense of stewardship for these remarkable creatures.
One successful conservation initiative is the use of turtle excluder devices (TEDs) in fishing nets. TEDs allow turtles to escape from nets while retaining the catch, significantly reducing bycatch. Additionally, many countries have established marine protected areas (MPAs) to safeguard critical habitats for sea turtles and other marine species.
A Symbol of Hope
Sea turtles have become symbols of hope and resilience in the face of environmental challenges. Their long migrations and incredible life cycles inspire awe and remind us of the interconnectedness of all life on Earth. By protecting sea turtles, we are also protecting the health of our oceans and the countless species that depend on them.
In conclusion, sea turtles are not just remarkable for their ancient lineage and unique adaptations; they are also vital guardians of marine ecosystems. Their greatness lies in their ability to navigate vast oceans, their role in maintaining ecological balance, and their resilience in the face of adversity. As we continue to learn more about these incredible creatures, it is our responsibility to ensure that they remain a part of our world’s oceans for generations to come. They are a beacon of sustainability; our success in protecting and preserving them embodies the hope that humanity will find swifter and more effective ways to safeguard and restore our planet before it’s too late.
As published in The Manila Times, dated 06 November 2024