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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.
We live in a society predisposed to bias. Psychologists speak the truth when they say that if there’s one thing certain about biases, it is that everyone has them and they occur unconsciously. From this viewpoint, having biases are not inherently negative and often produce no harmful effects. Think of having a preference for one brand of clothing over another equally popular brand. No harm done, right?
Biases become harmful when people allow their biases to influence their behaviour toward certain groups of individuals. Harmful bias and stereotypes often spur discrimination which, if not nipped in the bud, can negatively affect relationships.
Bias and gender disparity in the workplace
We spend a considerable part of our day at work. And when negative factors like gender bias, discrimination, and inequality tilt the balance of our work dynamic, work productivity lessens, and employees’ welfare are adversely affected. During P&A Grant Thornton’s 2022 Growth in Relationships and Opportunities for Women (G.R.O.W.) Leadership event, we advocated and pushed to break the gender bias as the initial step towards promoting women empowerment. We realize that while attempting to prevent gender bias is a crucial initiative, there is a need for more intentional action from businesses, government, and other stakeholders to promote gender equality and support women.
The harsh reality is that gender parity exists and, as cited in the World Economic Forum’s Global Gender Gap Report 2022, it will take more than a century to finally close the gender gap. This was also reiterated in Grant Thornton’s 2023 Women in Business Report (WIB), which emphasizes the need for more intentional moves adopted to help increase the number of women in senior leadership. As mentioned in our previous article, while shifts in work models due to the pandemic actually did a lot to narrow gender inequality, particularly in the Philippines where nearly half or 49% of senior management roles in businesses surveyed are currently held by women, progress in pushing for gender parity remains slow, with the number of women in senior management roles up just half a percentage point since 2022.
Avoiding pitfalls
To more effectively push for gender equality, particularly in the workplace, it is pivotal to learn from experience. Like falling prey to forms of bias, it is relatively easy to slip through a rabbit hole and fail to help advocate for gender parity.
All things considered, here are some common pitfalls to avoid in a bid to narrow the gender gap and heed global calls for gender parity.
Improving flexible work practices
This means adopting work practices that are beneficial for all, including male employees who have as much responsibility at home as parents and keepers of the household as women. When it comes to supporting women in the advancement of their careers, our WIB research also highlights that office-based businesses have the lowest percentage of women in senior management.
As previously cited in one of our articles, although flexible working is not without its challenges, organizations must always ensure they have a culture which supports and facilitates flexible working. This is to avoid the common pitfall of businesses sliding back into pre-pandemic habits. Thus, an intentional commitment to flexible working could help avoid this.
Increase diversity
It may sound easy, but increasing diversity is much harder than it seems. The 2023 WIB also reveals that embracing diversity at the senior level and beyond is the responsible thing to do and the right thing to do commercially, as it is a proven driver of performance.
The important step to take is to act knowingly: Businesses, particularly those calling for a “return to the workplace”, must consider the effect that this will have on diversity, understanding that this may have unintended consequences on productivity. It also helps companies to be transparent and nurturing. This is because employee well-being and mentoring programs which support women into senior leadership are crucial, but this needs to be combined with greater transparency on pathways into those roles.
We live in a society where all of us fall victim to harmful biases, a common pitfall that even innovation and shifts due to the pandemic fail to curb. But while we will always have our biases, harmful or not, we can go out of our way to avoid other pitfalls that prevent us from narrowing the gender gap. The trick is to learn from mistakes, avoid common pitfalls, and be ready to support policies that answer calls for gender parity.
As published in The Manila Times, dated 29 March 2023