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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.
Studies say that one of the most difficult problems of executives in business organizations relates to people management. However, it can be said that one does not need to resort to surveys and studies to realize that people management is indeed difficult, if not the most difficult issue to handle.
We can just, perhaps, look back in time since our childhood, and try to remember what caused stressful experiences in our lives. Even before we first enter the workplace, we can be sure that we have already shed a lot of tears in dealing with other people – be it because of our parents who scolded us, our siblings who always took away our toys, our friends who gossiped behind our back, our special friends who broke up with us, and a lot more. It is a given that dealing with other people is challenging simply because we are different from one another. Unlike machineries in factories that can be uniform in all specs, no two persons are identical.
Considering that dealing with people is very complicated, how, then, can people management be improved in an organization? What is the right formula? Or is there even such a right formula?
I don’t think that there is a specific formula to be used; but I believe that certain ideas can be worth pondering about. Perhaps, you might have already been doing some of these in your own organization.
Employees are our business partners. On legal paper, yes, they are employees; but in substance, they are actually our business partners in achieving the organization’s goals. Once this mindset is adopted, employers might be able to see their personnel differently. In an organization, yes, there are security guards, janitors, receptionists, staff assistants, supervisors, managers, and executives, among other positions; but I believe, that no one can claim that he or she is superior than the others. No one should claim that he or she should be treated with more respect than the others. Employees are all valuable business partners with equal dignity; it just so happened that different roles have been entrusted to them to contribute to the organization.
Listening to feedback is not enough. Different companies have different mechanisms in obtaining feedback from its employees – coaching, mentoring, group meetings, and townhall discussions, among others. And as we know, feedback is a very powerful tool in an organization. It keeps everyone on track, it allows people to analyze a situation to be able to perform better in the future, and it helps create a friendly work environment. However, issues arise when feedback is obtained but not acted upon. While employers have the best of intentions in knowing the problems and getting suggestions from their personnel, the former should also not forget that gathering information is just half the process. Prompt actions on feedback and making these actions known to employees are very essential in maintaining the trust of employees by letting them know that their concerns have not fallen on deaf ears.
Humility is definitely not an obsolete virtue. While managers and various leaders in an organization should exhibit confidence in what they do, they should also recognize that there are instances when they really need the help of others. Nobody has the monopoly of knowledge, and leaders should give ample opportunities to their subordinates to express their views and thoughts about a problem. For all we know, the best solution to a problem may come from a junior staff level, he or she being at the forefront of the problem. And to achieve this, psychological safety is essential in the workplace. This means that the personnel can believe that he or she won’t be punished or humiliated for speaking up about their ideas, suggestions, or concerns. Managers and various leaders may consider “talking with”, rather than “talking down to”, their subordinates. This respectful approach could better encourage others to express their ideas to contribute to a solution.
Spiritual lessons could find their way in our dealings with people in the workplace. While we have different religions and beliefs, there are common teachings that promote mutual respect, diligence, and ability to help one another. The application of these teachings is very welcome in the workplace. There is also this golden rule – “Do unto others as you would have them do unto you”.
Well, I guess, the above pointers are just few notions, among many others, that may be worth
considering; and perhaps, there are those who may find it challenging to apply these in their own organization. For some, these pointers may be right, while for others, these may be wide of the mark. Indeed, there are different styles and approaches on different circumstances and situations. The tricky part of it is that, there is no “single rule book” when it comes to people management.
Hence, on people management, it could all boil down to just really showing how to genuinely care for the people in an organization, where employers would be able to say to their employees -- “Do not work for us. Work with us”.
As published in The Manila Times, dated 08 February 2023