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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.
While waiting to board my 12-hour flight, I browsed the web through Hong Kong International Airport’s free internet stations. I searched “things to do in Amsterdam” in Google to give me an idea of what I can do in the city in my spare time. This is atypical. I normally have my itinerary all planned out, either because I am travelling with my wife—who is such a great organizer—or I had already planned out my trip due to excitement. That was not the case for this Amsterdam trip.
With no fixed plans on what to do and where to go, I constantly looked for things to do on the fly. On my last day in Amsterdam, I found out through Twitter that BlackPink, arguably today’s K-Pop queens, is in the area. They will be having a concert later that night in an arena that is just train ride away from where I was. With no other plans for my last night in Amsterdam, I did not hesitate to purchase a ticket.
Many were surprised that I watched a K-Pop concert by myself, and in a foreign country at that. I do not consider myself a K-Pop fan, but I do enjoy listening to such music. What was my gateway K-Pop song? None, to be honest. My fascination with K-Pop did not start, because I heard or experienced the “product,” but because I watched a Netflix show called Explained that told me the story of K-Pop from its early beginnings to how the Korean wave is conquering the world.
It was the K-Pop story, rather than the K-Pop songs themselves, that convinced me that I should start listening to the genre. The creativity and intentionality of Koreans were evident in the show I watched. It made me appreciate the songs even before I actually listened to them.
When I was still studying in university, I applied for a prestigious internship. During my interview, I felt that I was not connecting with my interviewer. He did not seem to be interested in what I had to say. Expectedly, I was not selected. A few years later, I realized that I may have had a better chance of connecting with the interviewer if I incorporated stories as part of my communication tools.
Stories can make you relatable. Do not simply tell your audience that your most significant weakness is being a procrastinator; instead, share with them a story on how procrastinating impacted your way of doing things, your mindset, and your emotions when the deadline was still months away and how those all changed as the deadline approached.
Giving advice to co-parents is a sensitive endeavor to pursue. Because there are a million ways to raise a child—from sleep training, breastfeeding, and disciplining—there are beliefs and practices that we parents hold dear. An attack on those beliefs feels like an attack to our very own person.
Stories do not impose. Rather, stories creates opportunities for people to exchange ideas without being overbearing. Stories can act as a means to allow parents to relate with each other’s burdens and how they tried to overcome struggles. Do not simply tell your co-parents that they should do this or do that; share with them how you and your baby struggled with sleeping at night and what you did to help overcome the lack of sleep. Share both what worked and what did not work.
Presenting the organizational results of operations, especially those that contain many numbers, can sometimes be dull. Even though there are important messages to land—such as the organization being able to meet its targets or that there are significant red flags that management needs to address—incorporating a story on how such information and messages are communicated can make it more compelling.
Stories can get people excited and hopeful. It can also bring about sadness and help people prepare for the worst. Do not simply congratulate your organization for reaching your goals this year; share with them the story of how a shop foreman persevered to learn new skills that contributed to the attainment of organizational objectives.
The tragedy of a great message is that it would not be as impactful on our audience as we would have wanted, because we did not incorporate a story to bring the message home. Let us not waste a powerful message, simply because we did not take advantage of incorporating a story. A good story can ignite emotions that few other communication tools can.
Stories can get people excited. It can spark hope, it can inspire. It can draw people to try new things. It made me listen to K-Pop music that led to my BlackPink concert experience.
Anton Ng is a Partner of the Audit & Assurance P&A Grant Thornton is one of the leading Audit, Tax, Advisory, and Outsourcing firms in the Philippines, with 21 Partners and over 900 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 anton.ng@ph.gt.com or pagrantthornton@ph.gt.com. For more information, visit our Website: www.grantthornton.com.ph.
As Published in The Manila Times, dated 29 May 2019