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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.
MOST companies are now aware of how the pandemic has changed the world of work from 2020 and beyond. One of the main adjustments made was implementing work-from-home arrangements, with business leaders scrambling to adapt to workforce needs.
Prior to the pandemic, many businesses were focused on investing in on-premise network cybersecurity. Given the unexpected work disruptions caused by the pandemic, the cybersecurity of employees' respective home networks was not immediately considered. A study conducted by Tanium, an IT endpoint management and security services provider, found 96 percent of leaders admitting that they were unprepared for the challenges posed by home network security.
As I write this article, my work laptop is connected to my home network, to which at least eight more devices are also connected. The others are used by my wife and kids and not a single device necessarily complies with our company's security policy. Since I am knowledgeable on security best practices, I have configured our home network to be as secure as possible. This helps us avoid and prevent any malware from infecting our devices.
Unfortunately, not a lot of employees in work-from-home setups are aware of how to effectively secure their home networks.
Vulnerable at home
The typical homeowner will not be overly concerned about home network security - most will settle for the basic internet package provided by their chosen telco. This leads to employees using home networks that do not possess the sophisticated cyber protection most companies put in place in the office.
Some of the hazards that can contribute to being vulnerable to cyberthreats include using a router's default password or not using a password at all. Another potential hazard includes devices used by employees that do not have proper cyber protection and even home computers used by family members that have poor or outdated malware scanners. Moreover, not all household members are properly trained to avoid or block malware or phishing attacks.
The lack of proper training and awareness among home network users compromises work devices connected to that network. Since work devices store highly sensitive and confidential data, companies must implement foolproof measures to help combat cyberthreats from employees' homes.
Vigilance and home networks
Businesses must reiterate the importance of home network security to employees. Security must be everyone's responsibility and concern. All employees should have the same resources and training needed to identify potential threats. Since a company's people are its number one defense against cybersecurity, investing in proper cybersecurity training systems should be considered.
Another way to ensure home network security is to raise awareness on best practices, which include securing home Wi-Fi with strong passwords, installing antivirus programs on personal devices, and cascading crucial cybersecurity information to family members.
Companies can also conduct cyberattack simulations and use available tools to monitor training compliance. Our firm uses a cybersecurity solution called Vigil@nt, which provides a cybersecurity training platform that combines learning modules, phishing simulations and progress monitoring tools to get an overview of cybersecurity awareness among employees. Investing in cybersecurity platforms can help business leaders gain assurance and security with regard to safeguarding crucial client information, a nonnegotiable in today's home-based workforce.
To motivate employees, training sessions must be conducted frequently and these should relate to their experiences with the current work setup. Additionally, the importance of ensuring cybersecurity must be imbued in the workforce to instill a sense of urgency.
In summary, companies must prioritize training to fend off cyberattacks from home, invest in relevant cybersecurity platforms appropriate to their needs and practice vigilance in monitoring work devices connected to a home network. As cybercriminals become keener and cyberattack schemes become more sophisticated, companies should take all available measures to prevent sensitive data from being compromised.
Cybersecurity is a worthy investment in a world that is becoming increasingly digital and businesses must follow suit to not get left behind.
As published in The Manila Times, dated 09 June 2021