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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.
“Make health your wealth,” not “wealth for your health.” This was one of the self-commandments I shared early this week in my commencement speech at the 69th year-end Commencement Rites of the University of the East.
I was greatly elated when the university president told me I was being invited to be the commencement speaker, being an alumnus of such a prestigious university. I then decided to share what I call my “self-commandments.” I emphasized, though, that they might already know some of those commandments, and some others might sound like motherhood statements, but what was important, I said, was how I bring those commandments to life.
Commandment No. 1—Learn new things every day in ways that will enhance your relevance to others. This first commandment relates to your professional life. If you think learning will stop on your graduation day, you are definitely wrong. If you stop, you will be left behind. Keep abreast of what’s happening around you, especially the ones that are relevant to your profession. In this world, nobody knows everything. People rely on each other, and on each other’s competence and expertise. Let yourself be the one to be relied upon.
Commandment No. 2—Build and keep your own network of personal contacts and friends. Today, the social media is the most efficient way to build contacts and friends. However, for me, physical contact, coupled with a sweet smile, is still the best. Being shy is a “no-no” for you can never build a network if you are timid. Your network gives you the sense of belongingness and the relationship that you have with them keeps you going.
Commandment No. 3—“Journey” in your own time and recognize individual differences. All of us have our own individual time and life to live, our own route to success. Life is not a race; it is about being passionate in every minute of our journey. Success comes to us differently depending on our pace. While we can be inspired by the successes of other people, we can only be successful through our own actions, and in our own time.
Commandment No. 4—Thou shall not procrastinate. Have that attitude of getting things done while you can. It gives you peace of mind if you do, as it will free you up from continuously worrying about things left undone. If you are swamped with many things to do, learn to prioritize.
Commandment No. 5—“Correct mistakes” before they happen. I am referring to the “sana” mentality among Filipinos. On your journeys, you will be hearing remarks like, “Ay, sana dinala ko yong ganito.” After completing a project and realizing an error, “Ay, sana ginawa na natin yan noon.” These are simple acts that could yield the best results if only you did the right thing at the onset.
Commandment No. 6—Deal with conflicts squarely; apologize if you are wrong and forgive if you are right. Face your problem as it occurs. Life is sometimes good and sometimes difficult. You will have conflicts with others. Accept that you can never please everybody, but whatever it is you decide to do, consider reaching out in the end to either apologize to or find forgiveness for the other party.
Commandment No. 7—Be thrifty. Learn to manage your personal finances. Do not live lavishly for it is very difficult to be in financial trouble later. So learn to live within your means.
Commandment No. 8—Make health your wealth, not wealth for your health. We all want to be financially successful but let us be conscious that we never sacrifice our physical well being in pursuit of it. After all, it will be meaningless if you use the wealth you so hardly worked for, to cure your deteriorating health. Exercise regularly, eat less fatty food and get enough sleep. You need a well-maintained physical body to bring yourself to your ultimate destination called success.
I also shared with the graduates how I see their possible life journey from their graduation day and five or 10 years hence:
First: I anticipate that speed is still the name of the game. There will still be communication overload; information will be overflowing, accessible anywhere, anytime and whenever you need them. You will live in an even faster-paced world. Hence, your ability to gather information, interpret it and make quicker decisions will be a personal competitive advantage.
Second: You will lose the human touch and that may be boring. People will communicate with people through machines, through the web and, probably, with robots. People will become very independent and “disconnected” from each other. I believe that keeping in touch physically with fellow humans is still vital. So continue to be a relationship builder and stay humanly and physically connected with other people.
Third: The last item I want to share has something to do with drugs and their proper use. I believe that there are prohibited drugs that can help save lives but some people abuse them. I wish competent medical professionals would do more studies so that drugs would be properly used, solely for the furtherance of human lives and not to cause their loss.
In closing, I made a wish for them to grow upright and dignified, worthy to be emulated and admired.
My congratulations to all the graduates of 2017!
Jun Cuaresma is the COO and managing partner, as well as the division head of Audit & Assurance of P&A Grant Thornton. P&A Grant Thornton is one of the leading audit, tax, advisory and outsourcing firms in the Philippines, with 21 partners and more than 800 staff members. We’d like to hear from you! Tweet us:
@PAGrantThornton, like us on Facebook: P&A Grant Thornton, and email your comments to jun.cuaresma@ph.gt.com or grantthornton.marketscomm@ph.gt.com. For more information, visit our website: www.grantthornton.com.ph.
As published in The Manila Times, dated on 26 April 2017