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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.
Many of us, if not most, have grown accustomed to hearing that there is unity in diversity. In terms of unity, truly, no man is an island, and this adage is true in the workplace. We can only achieve so much on our own and we will always need help and support from our mentors and colleagues. As for diversity, statistics also show that there is beauty and resilience in embracing inclusion and diversity.
But what does it truly mean to bank on unity in diversity? By itself, the phrase seems contradictory. Unity means “oneness” while diversity refers to the state or quality of being different. But when taken in the context of work culture and corporate management, diversity means inclusion of all regardless of background and even gender. And when a culture of diversity is prioritized, unity blooms in the form of shared, collective goals which are geared towards the growth of the organization.
Before delving into finding out how to embrace unity and, at the same time, diversity, it is vital to first know what true unity and diversity means, at least when it is used in the workplace.
Diversity and inclusion was not as hot a topic several years back. But today, it is considered a top driver of business growth. A Forbes article described it as more than a strategy but an integral tool for the growth of any business. Many companies have begun scaling up their diversity, equity, and inclusion (DEI) efforts, or policies which aim to make employees of different socio-economic backgrounds, gender, and ethnicity among other differences feel accepted and empowered, to fuel growth. And rightfully so. Business funding matchmaker Fundera cites that racially and ethnically diverse firms are “35% more likely to perform better” than their competitors and that diverse teams are “87% better when it comes to decision-making”.
Beauty, strength in diversity and inclusion
Aside from boosting staff productivity, another benefit of embedding diversity and inclusion in company culture and policy is that it improves the brand image of a business and these companies are more likely to win the war for talent, at least when lined up against their competitors. And when it comes to pushing for gender parity, efforts for the promotion of diversity and inclusion are vital.
Offer flexibility
Results of Grant Thornton’s 2023 Women in Business (WIB) Report show that progress in increasing the number of women in senior management roles is concerningly slow, and there must be intentional action from businesses to push for gender equality, and diversity and inclusion too.
Intentional action is just the tip of the iceberg. To harness the strength that lies beneath unity in diversity and inclusion, increasing diversity at the senior level is the right thing to do as it has been seen as a proven driver of performance, and so is offering flexible work arrangements.
Coming from the pandemic, we have realized that there are many benefits to working remotely. As pointed out in one McKinsey research, hybrid work, with the flexibility it offers, ensures that employees juggle work and personal goals better and bring about positive impacts on DEI initiatives.
The WIB report also cites that in businesses adopting a hybrid model, there is a higher number (34%) of women in senior management. With companies that offer purely remote working, it is even higher (36%).
Be transparent
Employee well-being and mentoring programs, which support women into senior leadership and those that embrace diversity and inclusion for example, are crucial, and there is a need to be transparent with what company goals are to sustain these initiatives.
Monitor progress
As with all company-led initiatives, tracking progress, gathering and interpreting data on the policies’ impact, and using all these information to improve existing company plans are key.
As highlighted in one Harvard Business Review article, to measure progress in advocating inclusion, fair treatment, support and promotion of employee well-being, and manner of integrating differences are just some of the many metrics that can be formed out of interviews and surveys of staff.
There is indeed beauty that lies beneath unity in diversity, and in advocating for inclusion regardless of gender, socio-economic background, and other differences. Like all noble causes, forging paths to reach this goal can be challenging. But like many things too, it is not impossible to achieve. Fully embracing inclusion and diversity should be included in every company’s work model as another step towards shaping a vibrant tomorrow for all.
As published in The Manila Times, dated 12 April 2022