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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.
Opening a world of opportunities for Filipino out-of-school youth
03 Feb 2021The coronavirus pandemic has affected about 4 million out-of-school youth in the current academic year, according to the Department of Education (DepEd). This number is expected to increase, with students unlikely to return to classrooms any time soon and magnified by schools’ apparent lack of readiness to adapt to online and blended learning.
Parents are still uncomfortable about sending their children to school, as they remain concerned about their safety, and their dissatisfaction with online learning and other alternative approaches offered by learning institutions solidified that discomfort.
Questions are still being raised, with one of the biggest being: How do we provide our out-of-school youth an opportunity to continue with their education, even outside the formal school system, amid Covid-19?
Although we recognize the efforts of the Technical Education and Skills Development Authority in training millions of Filipinos through its various vocational programs, we believe the private sector also plays an important role in providing young, out-of-school Filipinos with access to more opportunities to learn new skills, earn a diploma and get jobs.
On January 25, the P&A Grant Thornton Academy kickstarted its first Foundations in Accountancy (FIA) program in partnership with the Association of Chartered Certified Accountants (ACCA). It is a blended learning program involving live sessions with expert-tutors and self-paced online learning. Sixteen young men and women of different academic backgrounds and learning goals participated in the program.
This program introduces the basics of accounting and finance. It is ideal for anyone interested to start a career in accountancy, finance and business. After less than a month of study, participants can occupy a wide variety of junior accounting roles within a business organization here and abroad.
On the program’s third day, I had the opportunity to ask the students about their learning experiences during the live sessions and interacting with the digital learning platform. One comment that made an impression on me was by a student working as an administrative staff member. The student said: “I learned a lot during the sessions and feel confident to talk to our accountant.”
Testimonials like that are truly inspiring, and we at the P&A Grant Thornton Academy would like to share a consistent learning experience across all our program offerings and provide learning opportunities to our country’s growing number of our pandemic-hit out-of-school youth.
Besides the expertise and experience of tutors, effective learning programs should involve innovative teaching and learning approaches, combined with access to a premium online learning platform that is fully compatible with smartphones, tablets and computers, which can appeal to Generation Z’s out-of-school members.
There are differences in the way these members have grown up, particularly in using technology. They grew up with it and are looking for learning experiences that use it purposefully, not thoughtlessly.
Receiving certification in financial and management accounting or any field opens doors to a world of exciting, rewarding and unlimited opportunities. What makes studying for available courses more interesting for our out-of-school youth is that they can earn a certificate, diploma and professional accountancy qualification without going to college or university and spending a fortune.
For instance, earning a diploma in accounting and business can only take fewer than three months of intensive study at a cost equal to the tuition for one semester. There is usually no entry qualification required for these programs, and students can start as early as Grade 10.
These learning opportunities are indeed useful to not only the 4 million out-of-school youth affected by the pandemic, but also for those who lost their jobs and thinking of starting a career a new field.
Whether you lack an academic background, are just starting a career or already a professional, there is a learning pathway out there that is right for you.
Jess Obana is the head of the ACCA programs and a senior managing consultant of the Advisory Services 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 22 partners and more than 900 staff members. We’d like to hear from you. Tweet us: @GrantThorntonPH; like us on Facebook: P&A Grant Thornton; and send your comments to gin.francisco@ph.gt.com or pagrantthornton@ph.gt.com. For more information, visit www.grantthornton.com.ph.
As published in The Manila Times, dated 03 February 2021