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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.
Earlier this month, my second daughter approached me. She was crying as she recounted how her younger sister bit her arm. Less than a minute later, the younger one came running to me, as well. Since she is not yet able to talk well, I can only guess she was also complaining about her older sister and probably explaining why she bit her older sister. This was happening while I was trying to listen to the meeting I was attending from home.
In the last five months under quarantine, most of us working from home have probably experienced being interrupted by kids asking for help with opening a bottle of peanut butter, mothers asking us if we bought everything on their grocery list, or a delivery person calling for us to get the items we purchased from Shopee.
During the first month of the lockdown, with my kids already on summer vacation and not used to me working from home, there were many times they would bug me to play with them. It was frustrating in some ways, because first, I already explained to them that I needed to work, and second, I could not say yes to them.
Working from home has blurred the line between professional and personal time. This can sometimes cause tension with the people you are living with, and probably with your co-workers, as well. Did you get mad at your siblings who are talking loudly while you were in a call? Did you get annoyed by a baby crying in your colleague’s house?
Last week, I wrote about how the coronavirus pandemic integrated our work life with other aspects of our lives. This is the ultimate work-life integration. With that in mind, the current circumstances of our in-house family members would now have a greater impact on our work environment. When, where and how we work are now directly affected by the people we are living with.
Let me share some suggestions on what can we do if we are working from home with our families.
First, redefine your and your family members’ respective roles at home. Inside households, the roles and responsibilities each one plays should be clear. For example, besides being a parent, I am also an external auditor, which requires me to work for most of the day. I am also a member of a growth group in our local church that holds meetings every week. I am also someone who attends Zoom get-togethers with friends once in a while. By redefining these roles, people living with me would have certain expectations when it comes to my schedule. This also makes it easier for my kids to remember when their dad is available to play or if they first need to ask me if I am in a call before they ask me something.
Second, upskill as necessary. As entities pivot to new business models or new ways of doing things, there is a need to determine if upskilling the current roster of employees is a priority. It can also be true at home. With her and her two younger sisters needing to attend online classes, my eldest daughter had to learn new skills. She had to learn how to set up her sisters’ email, Zoom and school accounts. She also had to learn how to troubleshoot in case they lose their connections during class hours.
Third, implement a hoteling system, since the size and the number of rooms in a house cannot be changed. With this, there might be a need to establish new rules within the home. In my case, with five people needing a particular space and equipment to attend classes and work meetings, we had to agree on who uses what and where each of us can stay. We need to know who would need to use the quietest or most spacious room at certain hours of the day.
Fourth and last, in our respective work organizations, we want to be recipients of respect, patience and understanding. Why can’t we show the same to those we live with as we work from home. I cannot fault my kids every time they interrupt my meetings. I keep reminding myself that no matter how many times I remind them, their frustrations and excitement would push them to run to me, regardless whether I’m in an important video call or not. I hope we extend these virtues to our loved ones at home. Why do we sometimes build walls between us and the people we live with to ensure that we won’t be bothered while we are working? Shouldn’t the people at home be our first source of human comfort during these times?
Now that all my kids are also attending their online classes, I wonder if they would become irritated with me if I interrupt their classes by telling dad jokes.
Anton Ng is a partner of the Audit and Assurance Division of P&A Grant Thornton. P&A Grant Thornton is one of the leading audit, tax, advisory and outsourcing firms in the Philippines with 24 partners and more than 900 staff members. We’d like to hear from you! Tweet us (@GrantThorntonPH), “like” us on Facebook (P&A Grant Thornton) and email your comments to anton.ng@ph.gt.com or pagrantthornton@ph.gt.com. For more information, visit www.grantthornton.com.ph.
As published in The Manila Times, dated 26 August 2020