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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.
In an organisation where people are the principal assets, inclusivity serves as a strategic advantage. It empowers everyone to be fully engaged and committed to the organisation’s success by fostering a culture of respect and acceptance. This inclusive environment values diverse perspectives leading to greater innovation, improved decision-making, enhanced collaboration and stronger client relationships.
Fostering diversity is crucial. Numerous studies have shown that having a diverse team leads to better decision-making, increased creativity, and higher financial performance. The recent “Grant Thornton International Women in Business Report” revealed that very few companies now lack women in their senior management as leaders have become increasingly aware that having women in these roles enhances the organisation's attractiveness to clients, partnerships and investments.
With this, it is important that organisations create an environment where employees, regardless of their gender, feel seen, heard and encouraged. Let’s dive into the potential strategies in breaking barriers to pave the way for a diverse and inclusive workplace.
Inclusivity and diversity must be at the heart of an organisation
Crafting company policies is easy; however, organisations will struggle to implement them effectively if they do not grasp the significance of diversity and inclusivity among their members. A study from the Harvard Business Review Analytic Services underscores the need for leaders to integrate Diversity, Equity, Inclusion and Belonging (DEI&B) initiatives into the organisation’s culture and core values to ensure meaningful and lasting change.
Organisations must also create a safe space for employees to engage in open and honest discussions on gender and age discrimination, cultural and religious beliefs, and racial issues to foster understanding, respect and empathy. At my firm, P&A Grant Thornton, one example of acknowledging the religious beliefs of our employees is by accommodating their dietary restrictions at the events we host.
Offer equal opportunities for advancement
In the Philippines, 88% of businesses say that there is an equal participation among men and women in training opportunities, as revealed in the recent “Grant Thornton International Women in Business Report”. This shows that businesses understand the importance of fair treatment and are taking steps to promote equality.
Creating clear pathways for career progression and ensuring that all employees have access to mentorship and professional development opportunities can help break down barriers. Additionally, mentorship and sponsorship programs provide essential guidance, support, and career growth opportunities, especially for people who face challenges such as gender bias, ageism, and skills discrimination in advancing their careers, based on one American research.
Support work-life balance
Having a diverse talent pool means that employees have diverse needs too. Offering flexible work arrangements, parental leave, and support for caregiving responsibilities show that organisations acknowledge the diverse needs of their workforce. This approach not only enhances the inclusivity of the work environment but also demonstrates a commitment to recognizing and valuing the unique needs of each employee.
Moreover, the “Grant Thornton International Women in Business Report” published in 2024, highlighted that integrating flexible work arrangements is pivotal in achieving parity in an organisation. This proves to be essential for women, especially for mothers, as hybrid work models and flexible working hours allow them to balance both responsibilities as a mother and a professional.
Celebrate diversity
An inclusive workplace creates a sense of belonging, which boosts employee satisfaction and retention. Organising events and activities that celebrate gender equality, cultural and religious holidays, and awareness days (e.g. health, disability, race-related awareness) are among ways to help employees feel valued and included in the workplace.
Organisations can set up activities to encourage religious and ethnic minority groups among their members to share their traditions, cultural art, and even food. It is one way of breaking stigma and helping employees understand and respect each other’s differences. Oganising regular, family-friendly events and workshops that cater to the needs of parents and caregivers in the workforce will also help build connections with industry peers, as highlighted by the “Parents at Work” report by the United Nations Global Compact.
Lead by example
Leadership plays a critical role in breaking workplace barriers. According to a report published by the World Economic Forum, an organization’s CEO, along with its senior leaders, must lead the change. They must actively support and authentically promote diversity programs and initiatives within the organisation.
The report also notes that senior leaders must be held accountable as role models and for the outcomes of DEI&B initiatives, not just with their inputs or plans for implementation. A study from the International Labour Organization (ILO), shows that when leaders are held accountable as role models, employees are “more likely to report high levels of well-being".
Diversity programs are also vital in effectively promoting diversity and inclusivity, as revealed in a study on breaking barriers in the workplace. These programs help employees recognise hidden biases, stereotypes, and prejudices that can block inclusivity. Leaders who champion teaching and encouraging understanding among their workforce through diversity trainings will greatly contribute to creating a more welcoming and fairer workplace where everyone feels valued and respected. When leaders set a good example, employees tend to follow.
Towards a diverse and inclusive work environment
In the Philippines, 60.2 percent of businesses say that all their employees feel they are treated equally with gender equality strategies in place, based on the “Grant Thornton International Women in Business Report”, which further underscores the need for organisations to foster diversity and inclusivity to drive innovation and ensure that all employees can reach their full potential.
Breaking barriers in the workplace is an ongoing journey that requires commitment, effort, and collaboration. Organisations can create a more equitable and innovative work environment if they consciously address biases, promote inclusivity, support and respect the differences of all their employees. The path to breaking barriers is not always easy, but the rewards are well worth the effort.
As published in The Manila Times, dated 16 April 2025