-
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.
Last September, the Fiscal Incentives Review Board finally put forward a resolution that will allow Information Technology and Business Processing Management or Business Processing Outsourcing firms in ecozones to adopt fully remote arrangements without risking penalty or suspension of their tax incentives. This decision comes after months of negotiation between the involved parties and is the first step towards cementing work-from-home arrangements as a permanent option in the sector. Currently, amendments to the CREATE Act and the Telecommuting Act are being considered to even the playing field between remote and face-to-face firms.
There is one important takeaway from this story. That is, this is the first real indication that remote work is here to stay for Philippine firms, and the government is setting up the proper framework to support it.
Given this assurance that the way forward is remote or hybrid, it is more important than ever that companies reinforce their virtual operations, including the delivery of their employee training and development programs. Coaching and mentoring are methods that are especially good at encouraging employee engagement, productivity, and morale on top of skills building.
However, with the distance and infrequent informal interactions between coaches and employees, the work-from-home set-up might pose a problem for the program. When poorly done, coaching could even lead to greater churn for the company at worst. Digital transformation helps bridge the gap.
Maximize coaching with the right apps
There is no one-size-fits-all approach to coaching. Often, the most effective coaching method is one that is informed by the employee’s interests, their own goals and aspirations at the company, and the type of learner that they are (whether visual, auditory, kinesthetic, or others). Coaches, therefore, are granted significant flexibility in the materials they can use during their meeting.
Visual learners or those that learn best with hands-on experience may benefit from collaborating on a mind map or document together with their coach. Coaches could invite linguistic learners to craft a poem using a magnetic poetry app with words related to their work and the problems they are facing. Even playing soothing music during a call, after the employee has confessed to a stressful week, is a good way to set the tone of the coaching session.
With the breadth and width of available resources though, things can get disorganized fast. Project management platforms or advanced bookmarking browser extensions allow coaches to collect inspiring videos, podcasts, articles, infographics, etc., organize them into folders according to topic or coachee, and save them in a space that is separate from the links and documents they require for work. Easier content management then allows coaches to share their screen in the middle of a session and ensure coachees interact with the right resource, at the right time.
Get creative with your coaching
In recent years, major corporations have confessed to “gamifying” their leadership development programs. Gamification here refers to the combination of video game experiences, such as missions, badges, leaderboards, with positive psychology to help employees improve on their strengths, cooperate better with their team members, and think creatively to find solutions to problems. Likewise, by analyzing how employees react to stressors, coping with unexpected outcomes, and competition, coaches gain valuable insight on their thinking process and could help employees unlock their potential.
As an example, P&A Grant Thornton’s own cybersecurity training program, Vigilant, is gamified so employees can have fun while learning about essential yet technical topics. The training modules themselves contain quizzes and games that simulate real world threats, but there are also badges, achievements, and a scoreboard that ranks each division by their completion of the program.
Still, other companies take gamification one step further and employ virtual reality, complete with work-related future scenarios and avatars, to see how employees respond and how they see themselves and their role within the company, respectively.
Automate for areas of improvement
In an era of complex technology, artificial intelligence (AI) increasingly finds itself intertwined in multiple aspects of corporate management. “Smart AI coaching” refers to systems that are trained using insights from behavioral science and from employee performance reports to tailor a coaching experience that is unique for every staff member. In addition, they can send nudges, or gentle guidance that still leaves choice up to the employee, at the most optimal moments according to the data they have gathered. AI has also proven capable of generating recommendations for how individuals can speak better in high-pressure situations, such as job interviews or work presentations.
The technologically enhanced coaching methods available to us range from hands on to completely hands off. Whichever method they choose, companies must constantly track the progress of their coaching program to ensure they are still providing efficient and quality development to employees to give them the highest possible chance of excelling in their roles.
As published in The Manila Times, dated 12 October 2022