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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 have seen the human resources (HR) profession and its related functions progress in the past two decades from managing administrative personnel to being a stakeholder that mirrors changes in the business. Over the past two months, however, HR’s leadership and influence have been put to the test in response to the disruption caused by the coronavirus disease 2019 (Covid-19).
The lives of many have drastically changed due to the Covid-19 pandemic. According to a report from the International Labor Organization, an estimated 2.7 billion people have been affected by quarantine and stay-at-home measures. Consequently, this has created the world’s most significant modification in our social patterns, work practices and business conduct.
HR’s core purpose has now shifted towards the sustainability of the “human elements.” This new paradigm demands novel ways of acquiring, engaging and managing talent. We begin to ask ourselves if these new business continuity measures of creating digital work models, talent reskilling programs or recalibrating work flows, no matter how regenerative by design, are enough to sustain our workforce.
It is a challenging time for any business function, but it has been most especially so for HR. As we strive to seek a balance between business and conducive working conditions, we stretch ourselves to maintain professional standards and better systems for people to flourish despite these unusual times.
It has become imperative to look at the bigger picture that is starting to emerge. Is working from home the future of work? Are the effects of the pandemic permanent? No matter how uncertain these past few weeks have been, one thing is for sure: the workplace will never be the same, even after Covid-19 fades from the headlines.
Our norm will continue to center around trust and respect, where employees are allowed to co-create flexibilities balancing work from personal time, which enables and encourages productivity through personal accountability.
The gap between expectations versus reality may shrink in the months and years ahead. Today’s workforce will be much more vocal about their new expectations and the Covid-19 pandemic will most probably accelerate further changes. Organizations have been upended by the pandemic and the workspace culture is has become ever changing.
Digital collaboration is key
In this Covid-19 era, we have seen the sudden shift to virtual, remote work with unprecedented levels of adaptability. The workforce in the new post-Covid-19 reality will pivot towards resiliency, shifting away from rigid routines and structures.
Going digital is vital, as a telecommuting culture will be adopted at scale. Think Microsoft Teams and not meeting rooms; virtual engagements and not costly business travel; and cloud computing and not cubicles. By moving systems to the cloud and by using platforms such as Microsoft Office 365, we are talking about the potential for people to have more tools for collaboration than ever before.
Artificial intelligence accelerates businesses.
Humans and bots are the new blended workforce, bringing a new-age competitive advantage. Performing “higher value work” such as sourcing, recruitment, talent engagement, career development and mobility opportunities empowers the organization to focus on more strategic roles, improving the every aspect of an employee life cycle.
The pandemic has led to an accelerated automation of various processes to adopt in an economic downturn. Transforming the workforce does not simply involve using digital collaboration tools. In a Massachusetts Institute of Technology Review Insights report on Covid-19 and the workforce, there is more scrutiny on how artificial intelligence can help mitigate the risk of pandemic exposure by making certain jobs more productive and effective.
The power of the multigenerational workforce
The pandemic may have acted as a catalyst for changes in organizations but it, too, has served as an equalizer of the so-called “digital divide.” Digital natives may be better equipped for the future but, through age diversity and generation-collaboration, organizations are now becoming more adept in overcoming adversity as a state of normalcy.
While the key to creating an advanced and relevant workplace is communication across demographics, our openness to differing perspectives or insights gives power to a multigenerational workforce.
Workforce generational diversity or “distributed authority,” when coupled with our capacity to accept variations, brings forth a more resilient, agile organization able to navigate economic changes.
As the effect of the pandemic tails off and resets the normalcy we once had, this is an opportunity to rethink our assumptions to be better prepared for the future. Organizations need to be more attuned when unique skills emerge and talent models change. The pandemic has acted as an accelerator of workplace transformation, fundamentally shifting how we do business and how we care for people.
None of us can operate as we have in the past. However, we can improve how we lead in crisis by challenging old perceptions about work. Having an HR growth-agnostic mindset will support the creation of new systems for people to flourish, regardless of the juncture.
Rhia G. Dee is the People & Culture Director of P&A Grant Thornton.
As published in The Manila Times, dated 27 May 2020