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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.
I still vividly remember my first day as a freshman at the University of the Philippines. It was 6:30 in the morning. I was half an hour early for my Communications I class. With my old, red Jansport backpack serving as my security blanket, I anxiously walked along the empty hallway. After spending the last 12 years of my life in an all-boys school, I did not know how to feel or think about having female classmates in a very large campus. As fate would have it, I was the second student to arrive for class, the first being a petite girl. She was standing outside the classroom when I nervously approached the door. Nobody else was there. Obviously, I kept my distance. However, she did not. She asked me for the time.
“Why did I even wear a watch,” I told myself. “6:30,” I answered without making eye contact. Unconsciously, my legs took two steps back and my body turned away from her.
I can no longer remember the number of times I have told this story. Depending on why this story is being shared, it already has several iterations. If I want to provide context to my personality, particularly on how I interact with people, I focus on my response to the seemingly innocent what-time-is-it conversation starter. If I want to connect with an audience full of students, I focus on the emotions I was feeling as I walked the empty halls on my very first day in a new school.
Stories, no matter how they are being told, have been used for thousands of years as a means for people to connect with one another. People who share stories and who have found the right level of vulnerability through the details within the story, have better chances of capturing the attention of their listeners. Transparency in storytelling renders relatability. As human beings, we often find ourselves drawn to stories that, apart from being understandable, trigger an emotional response either because we went through the same experience or the story provided us with a different perspective.
Because of its effect on people, stories allow the storyteller to connect to the audience’s hearts and minds. With this level of connection, we can have a better chance of delivering a message in a more meaningful way. The lessons we want to convey are more likely to stick to an audience than simply reading through a bulleted list of “lessons learned.” Stories, which appeal more to our emotions, can make the reader or listener act. If a call to action is the objective of your message, you are a step closer to meeting such objective. I have heard of anecdotes wherein sales pitches were won, not because of technical expertise, but because the one who delivered the sales pitch was a great storyteller. The sales pitch became more compelling to the customer.
In whatever endeavor we are pursuing — may it be at home, at work or school, or on the streets — we have been incorporating stories in our presentations, lectures, and daily conversations. However, have we been purposeful with our use of stories?
Stories are a good way to keep the audience engaged or to inject humor; but, hopefully, stories serve a deeper purpose. Being mindful of how a story can support and elevate the message we are trying to convey is one way of making the story purposeful. There are no wasted words, and we can highlight parts of the story to support the message. Stories should not be mere embellishments—rather, they should be treated as an integral part of the entire message. The story can even be the framework to which we can anchor the entire message.
As published in The Manila Times, dated 11 December 2019