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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.
What makes a good leader? We may have heard or read about this question at least once, more so now that we have seen and heard from political candidates during their campaigns and rallies before the May 9 national elections. The same inquiry arises at some point for corporate employees. Although it is easy to dismiss it as another question with neither a right nor wrong answer, it is one worth pondering about. After all, being a leader is not just getting the job done; it is far from it. It entails fostering open communication with and a culture of trust among peers and staff, with Gallup reporting that 22% of workers expect to have leaders with clear-cut objectives and visions for the organization. Needless to say, a leader is one who is able to contribute and to make a lasting impact to colleagues and the whole organization.
Digressing further, different studies present a collage of answers to this question, each as diverse as all the others. According to a separate Gallup report, a good leader is one who is assertive and who integrates accountability in his or her decision-making. While it is impossible to craft a universal picture of who a good leader is, including the different characteristics that embody him or her, a commendable leader is one who adopts an effective leadership style.
Leadership styles
Effective people management and leadership skills are just some of the gamut of factors that increase employee productivity and boost overall operational efficiency of the organization. However, it is equally true that leadership styles are often patterned based on the needs of a business and depends largely on the type of business model or approach that an organization employs.
According to an article of the International Institute for Management Development (IMD), there are five dominant leadership styles, from delegative and autocratic, to the more increasingly utilized transformational leadership style that most visionaries today adhere to in making holistic changes to their organizations. Like all things, they each have pros and cons, and can be guiding in certain circumstances.
While functional leadership styles contribute largely to overall operational efficiency, there is another principle that corporate management may consider placing at the heart of their blueprint – operational integrity.
Operational integrity defined
Ethics has little to do with the success of a business. Wrong. Although generally attributed as more of a personal and inner conflict of an individual about whether to do things the right way or to forego his or her convictions in exchange for convenience, integrity and ethics play a huge role in ensuring effective leadership and management. An article published by the Harvard Business Review cites a number of reasons why these values can make or break corporate management initiatives, among them the direct effect of putting an imperative on honesty and integrity to improve company culture.
Integrity, as defined in the Webster dictionary, is a firm adherence to moral values. In the context of corporate management, we can define operational integrity as the commitment of leaders and staff to uphold honesty and integrity in every business dealing which can, in turn, foster a culture of accountability and transparency across the company in the long run. So, how do we start implementing operational integrity within our firm?
Communicate
Verbalize your commitment to promote a culture of trust, integrity, and accountability. Lay down the specifics and be firm in stressing that integrity is one of the corporate values that management intends to instil in every employee. Make sure that each employee understands the correlation and direct effect of integrity to accountability, which means being responsible for one’s own actions.
Strive to achieve and contribute to a shared goal
Engage and keep everyone in the loop. Whether it is about a new policy or corporate undertaking, it is essential that all employees are properly apprised of the objectives of the organization. This way, they will not only feel that they are trusted, but also that the results of their individual actions have an impact on the larger goals of the organization.
Assess and conduct regular mentoring sessions
In a 2020 article, Harvard Business Review highlighted the impact of having accountability processes that can help management assess the impact of their policies, from monthly appraisals to random assessments and mentoring of staff. When undertaken correctly, such mentoring sessions and appraisals can deepen the levels of trust between leaders and staff. Over time, these modes of assessment can improve the quality of feedback and allow all employees to turn learnings from past actions to guiding principles which can be useful in future decision-making.
Aside from these, it is vital that leaders and heads of management understand the repercussions of their actions as part of their decision-making process. In addition, it would be best for leaders to learn and engage in new ways to develop their skills as transformational leaders through formal discussions and insights from fellow business leaders and shapers of the business community via training sessions and speaking engagements.
While the concept of a “good leader” evades an exact definition, there are more ways than one to become better decision and policy makers. These include underscoring the value of adopting accountability and transparency in line with existing corporate policies, as well as shining the spotlight on integrity as one of the tenets that more companies should put at the heart of their operational and policy frameworks.
As published in The Manila Times, dated 11 May 2022