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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.
Remember the ‘boy in the manger’ this Christmas season
14 Nov 2018Christmas has officially arrived. Invitations to Christmas parties have started coming in. Christmas decorations at our offices and in the building are all up. In the grandiosity of the holiday season, marked by spectacle after spectacle of dazzling light displays, sumptuous feasts, and lavish gatherings in every corner, it is easy for everyone to lose sight of why we celebrate this momentous occasion in the first place. It is easy to forget that, before anything else, Christmas is a solemn celebration of our Savior’s birth; that, unlike our luxurious preparations and meticulous Christmas day activities, once upon a time, a poor boy was born in a manger to save humanity from sin.
It is perhaps one of the greatest ironies that Christmas, the most economically significant holiday of the year for Filipinos and for many people around the world, originally was not even about revelry in gifts and other material things. If there was anything “material” in the Nativity, it was that God assumed a material human body whom He greatly loved, to save us from sin and so that those who believe in Him may have eternal life.
Without delving too deep into the religious aspect of the occasion, let us simply put it this way: God is the god of love and, therefore, Christmas, first and foremost, should be a celebration of love.
If you are a worried that you do not have enough money this year to adorn your home with lanterns, lights, and a brilliant Christmas tree, cut yourself some slack. Ask yourself why you are expected to spend so much. Is this really what all the merrymaking is about? Do you simply rejoice because your home has more Christmas lights than your neighbor’s?
When you think about it, what is really important is that we are still here in this beautiful world, sharing our colorful lives with our beloved parents, siblings, relatives, and friends. Our faces are filled with smiles, not because of the presents underneath the Christmas tree, no matter how high they stack up, but because we are loved by the people we love and treasure. And this love does not come in any box covered in the most stunning wrappers and ribbons. Rather, it comes from the heart and is intangible and non-material in every way. This love, like God who gave it to us as an eternal and infinite gift, is immeasurable.
You haven’t saved enough for Noche Buena? Do not fret. Buy what you can and cook what is available. Serve modest fare on the table, and try to make the most out of it. In a practical sense, no one can blame you for it, too. It is not like we are living in a well-off country and everyone has plenty of money to afford extravagance. In fact, countless Filipinos will go through the holidays just like any other day in their difficult lives. Many will eat the simplest of dishes; some will even have absolutely nothing. They are not to blame for it, and so are you. Prepare what you can, and be very thankful that you still have something to share with your loved ones.
Yes, when you celebrate Christmas modestly, you are bound to go against all the pompous traditions you have gotten accustomed to. Some people may even think you are being too cheap and think less of you. But one thing is for certain: you may be walking away from material splendor, but you are definitely walking closer to the path of Jesus, whose birth is the whole reason for Christmas.
This Christmas, remember the manger. Remember the boy who lived a simple life devoid of any article or ambition of luxury; the boy whose only purpose was to tell everybody that true life awaits in a place where paper bills don’t limit happiness.Remember that his message boils down to loving your neighbor as you love yourself. When you have learned that by heart, you will have the most meaningful Christmas.
Merry Christmas and a Happy New Year to all!
As published in The Manila Times, dated 14 November 2018