-
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
-
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.
-
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.
-
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.
-
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.
-
Tax compliance
We aim to minimize the impact of taxation, enabling you to maximize your potential savings and to expand your business.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
-
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
-
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.
-
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.
-
In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
-
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.
-
Fresh Graduates
Fresh Graduates
-
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.
-
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 don’t have a big social media presence. Last year, I have made only a handful of posts each month on my Facebook wall. I also don’t have an Instagram account, despite my friends’ constant requests for me to make one. And my Twitter looks like it is an account created and immediately abandoned by a social troll. It’s a good thing social media does not work like a bank account; otherwise, I would always be at risk of being penalized for dormancy.
I guess I am, in social media parlance, a lurker. I spend most of my internet time browsing and reading articles and posts, but not really commenting on them. I usually proceed to the comments section to take a look at public opinion. The discussions can sometimes be too impassioned; and the funny jabs of ad hominem thrown by commenters at each other reduce the conversations to the point of being comedic.
Alright, our funny side is sometimes linked to our sense of optimism even during times of adversity. Yet how is a comical personal attack helpful when exchanging opinions about, say, land reform or drug trafficking in the Philippines? I don’t want to downplay everyone’s freedom of expression, but I can’t stop myself from asking if we have been using “We are a democracy!” too much of an excuse.
Attacking another person in social media with below-the-belt remarks is unacceptable. However, it is very common. It happens among persons who use their real accounts, moreso among those who hide behind fake profiles. It appears that online bullying behavior is being reinforced by the element of anonymity. Would the head-on stance still be as intense if the bully were physically in front of the bullied? Probably not.
Anonymity provides a veil of protection and freedom to the one wielding it. It can be a negative force, such as for cyberbullying; or it can be a positive element, as in whistleblowing, where it can make the reporting of illegal, unethical, or immoral activities to authorities easier, confidential, and unrestrained.
Let us listen to Victimized Victoria’s plight:
“Hi, I would like to report a case of sexual harassment. Last Friday, at around 5:45 p.m., when all of my teammates had gone home, my boss went to my cubicle to ask me to stay a bit longer, for he needed a supposedly very important report to be finalized and submitted that night. From what I understood, the report will be presented at the Board meeting today, Monday. I didn’t expect his request would be accompanied by the stroking of my hair and deliberate touching of my chest. I felt violated!”
Here’s Concerned Conrado’s narrative on a recent event he noted:
“Hello! I have something to bring up in relation to the observed theft of office supplies this week. I have been staying late in the office in the last two weeks to finish a project with a tight timeline.
Last week, I noticed Mr. Picky Picker coming at around 11:00 p.m. for three non-consecutive nights. He went into the open-access office supplies area with nothing on hand, but got out with fully loaded grocery tote bags on all occasions. Kindly investigate him.”
Lastly, Watchful Wilma has this observation to tell:
“In the last month or two, our new Chief Financial Officer has been having closed-door meetings with guests whom I have never seen before. Though our company’s initiatives have recently pivoted to ramping up our dealings with oil companies in the Middle East, I could not fully comprehend why we have to involve our Bermuda-based shell companies in these transactions. I am afraid our company is involved in terrorist financing, since the oil companies we are dealing with have indirect connections with leftist groups in the Philippines. Please put these post-6:00 p.m. meetings under close surveillance.”
Anonymity is power. Issues that employees typically hesitate to raise face-to-face or through the chain of command can be reported anonymously without fear of retaliation.
If done properly, anonymous whistleblowing can be a powerful tool of change and active engagement in the organization.
Encourages stewardship
Anonymous whistleblowing encourages employees to report incidents that can harm an organization’s reputation and jeopardize its people or physical or information assets before these events actually occur. If reinforced by timely and adequate response to each complaint raised, anonymous whistleblowing can impress upon the employees that their voices are being heard. Would-be perpetrators will think twice about committing any misconduct if they know t it can be easily reported by anyone.
In the Association of Certified Fraud Examiners’ 2018 Report to the Nations, organizations with reporting hotlines have enjoyed higher success (46%) in detecting fraud than those that do not have (30%). Of all forms of fraud, corruption as the most commonly detected form of fraud is detected by tips 50 percent of the time.
Establishes a secured, formal centralized system for documenting and investigating incidents
Once an anonymous whistleblowing hotline is put in place, any incident requiring management attention can be addressed to a group of individuals designated to formally investigate reported incidents. Evidence can be gathered from the whistleblower and maintained in a central virtual location, while still preserving their anonymity throughout the investigation.
Reinforces good corporate governance
A company benefits from an anonymous reporting hotline, because it continually reminds people about proper conduct, which is also expected from vendors, customers, creditors, contractors, the public, and other stakeholders. Establishing an anonymous whistleblowing policy shows an organization’s serious commitment to good corporate governance and zero tolerance for misconduct.
The everyday tirades we read in social media can be considered aggression or, for some, passion. However, if this same level of aggression would be directed toward the right concerns in the workplace, such as fraud and other misconduct, who would say it is that bad? An anonymous reporting hotline encourages workplace conversation towards promoting the highest ethical standards in the organization.
If silence is going to be costly, wear the cloak of anonymity and then let’s start talking.
Mark Basa is a Managing Consultant of Advisory Services. 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 Mark.basa@ph.gt.com or pagrantthornton.marketscomm@ph.gt.com. For more information, visit our Website: www.grantthornton.com.ph.
As Published in The Manila Times dated 07 November 2018