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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.
No way to remain and retain
17 Jan 2018How is your new year so far? Hopefully, you are off to a good start. On the last Sunday of 2017, I was blessed to hear the message preached in our local church. The message was timely as I prepared to start the new year.
One of my key takeaways from the message is that we cannot afford to be complacent. We need to be hungry in order to grow in all aspects of our lives. If you have a business, you cannot expand it if you are not hungry for more. A person who is hungry will surely do something to satisfy his hunger. Do you want to change something in your life? You need to be hungry enough to act on it.
Many of us, including myself, would want to have a healthier body, but many times we fail to achieve our goal. It could be because we are not hungry enough to achieve it. In my case, I had to make a firm decision to address my health concerns. While our fridge contained sweets that accumulated over the holidays, I decided to stick to my meal plan. Was it easy? Definitely not. My hunger to lose weight and be healthier this year drove me to take on this challenge.
Our desire to make changes should be intentional. We need to persevere in whatever goal we have set to achieve. To move toward our respective goals, we need to unload our baggage. Let us not be burdened by our failures and successes in the past. Do not let failures dampen our confidence. Likewise, do not let our successes lead us to brashness. As the saying goes, do not rest on your laurels. In these fast-changing times, we need new strategies and ways of doing things. What worked before may no longer work now. In the pursuit of our goals, here are some things that we need to consider.
1. Focus. We need to keep our eyes on the goal. Write it down and make them simple. As we write down our goals, identify which ones are important and those that are irrelevant. We must focus our energy only on important things. Respond only to the important things, and do not be weighed down by what is irrelevant to our goals. This will help us focus on where to spend our energy. These choices may include people around you who are not willing to take the journey with you. You need to move forward, even if that means that you will leave some people behind.
2. Sow seeds now. Plan for what you want to achieve. Do something different. Start with new ways of doing things. Do not expect change if you still do the same thing all over again. Be brave enough to do something big, something different. If you want to soar higher, you must go deeper in the things that you want to achieve and have a deeper foundation. If your goal is to strengthen your relationship with your children, your wife, or your God, then sow the seeds of time now. To make it grow like a tall tree, you need to water it and take care of it regularly. In fact, you may need to do more if you want to get a good harvest.
3. Do not give up. Give your all to whatever your goal is. If, along the way, you encounter a hump, do not be discouraged. Be patient and persevere. Persistence and patience pay off. While on the journey to achieving your goal, surround yourself with people who will encourage, uplift and push you. There is no time for grumblers or complainers. Be with those who have achieved more and want to achieve much more. If your journey to achieving your goal is easy, you might not have set the right goal. Your goal should stretch you beyond your limits. Do not be afraid to go into uncharted territory. Allow yourself to discover new things. Never ever give up.
4. Be thankful. I believe that we always have blessings to be thankful for. Your small achievements as you try to reach your ultimate goal are victories that you should be thankful for. This attitude of gratitude will give you the energy to move forward.
Surround yourself with grateful people. Let their energy affect you. Gratefulness is contagious. Infect yourself with people who are thankful regardless of the situation or people who can look for things to be thankful for in the midst of challenges.
I hope that you have a goal that will stretch you this year. I believe you can achieve it with focus, strong determination, persistence, patience and gratefulness. If you want to grow and achieve your goals, there is no way to remain and retain.
Paz Malubay is a partner of P&A Grant Thornton. She is also the EVP and 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 850 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 17 January 2018