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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.
Today, there is a persisting notion of keeping your work life and personal life separate. The idea that private matters should stay at home while professional matters remain confined to the office has long dominated our understanding of “work-life balance.” Personally, I believe in work-life integration instead.
To me, balancing being a wife and a mother of five, along with my many responsibilities as a Partner of our Firm and a member of multiple professional organizations, is quite challenging. What I opt for instead is weaving these multifaceted aspects of my life together to create harmony. Where and how I choose to spend my time—whether I’m in the office, at home, or out playing sports—are all valuable parts of the one life I have.
Years ago, when I was a new Partner, I faced the challenge of being present for both my family and my work. One day, I decided to let my children camp out at my personal office while I stayed up all night working with my team. Instead of shooing them away and making them feel like they were hindering my work, I saw an opportunity. As I set up their sleeping bags and a makeshift tent made of blankets and office chairs, I set off to tackle another day of the busy season.
Wrapping up my tasks, I found myself more focused and motivated, knowing that my kids were close by. This moment was a turning point for me, where I realized that blending my personal and professional lives could lead to greater fulfillment and productivity.
Communication is Key
Then and now, I have been fortunate to have a considerate support system that has allowed me to communicate my needs, both at work and at home. I’m thankful to my team, who understood when I had to excuse myself during a team meeting because of one of my daughter’s urgent calls (a boy asked her to be his prom date) or when I had to leave the office early to watch my daughter’s guitar recital, and to my children for understanding their mother's many work responsibilities. Last but not the least, I am grateful to my husband, who, as a fellow CPA, is well aware of the busy lives our profession leads. While our children are our priority, we also make it a point to have simple dates that not only give us time together but also allow us to lead a healthy lifestyle, from biking, badminton, running, and more.
Integrating these aspects of my life would've been impossible had I not had an environment that allowed me to fulfill my responsibilities both as a professional and as a mother.
In turn, I’ve made it a point to reciprocate this understanding and support for those around me. We must also aspire to create an environment where people don’t have to put up separate personas for work.
The key to integrating your life and work together is communication. Because everyone’s experience is unique, it’s important to acknowledge the specific challenges one may face. From menstrual cramps disrupting your focus to the societal pressures of balancing career and family, women face a myriad of challenges that often go unspoken in the workplace. What we can do is bridge this gap through mutual communication and empathy.
Enabling work-life integration
One of the biggest factors that allow us to strive for work-life integration is our organization and their policies. Grant Thornton International’s Women in Business study has found that one of the paths to gender parity is flexible work practices. In fact, the data shows that businesses with either flexible, hybrid, or home-based work have a higher percentage of women in senior management compared to typical office-based work. This could be attributed to a more inclusive work culture that accommodates different lifestyles and needs.
Unfortunately, after the pandemic, some businesses have opted to return to the traditional office setup. This poses challenges for everyone, but especially women. Boel Hansson, Partner in Assurance and Board member of Grant Thornton Sweden, believes that flexible work practices play a key role in retaining and progressing women. “For employees that take maternity leave, when they are ready to return to work, hybrid working is key for us to keep them and help them proceed in their career.”
Personally, I have also benefited from flexible work arrangements. I, too, had days of attending webinars while preparing meals for my kids. Being able to work remotely on certain days allowed me to be more present for them while still meeting my professional obligations. This flexibility not only supported my personal life but also contributed to my overall job satisfaction and productivity.
As part of the senior management of our Firm, I made it a point to advocate for flexible work practices in pursuit of enabling work-life integration for everyone. Drawing from my personal experiences, I understand that work practices play a big role in not only productivity, but also the Firm’s Diversity towards gender parity.
Moving Forward
It's time to move away from the outdated notion of compartmentalizing our lives and instead embrace the idea that our personal and professional spheres can co-exist harmoniously. Let us move away from the idea that work is not the enemy of life—and vice versa.
My advice, especially to my fellow women, is that you no longer have to make personas for the many facets of your life; you are one person. Embrace your whole self and create an environment that supports flexibility, understanding, and mutual respect. With communication and empathy, we can create a more inclusive and supportive work culture where individuals can thrive both personally and professionally.
As published in The Manila Times, dated 03 April 2024