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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.
When I grow up
28 Aug 2019Contestants for Little Miss Philippines on a noontime variety show were often asked the question: “Ano gusto mong maging paglaki mo? (What do you want to be when you grow up?)” The question brims with hope for the future. Today, however, kids have access to much more information; and so, the same question brings with it more than just hope. In a way, it also makes kids worried.
Over the long weekend, my preteen daughter shared her concern: she does not know what she wants to be when she grows up. She was worried that she might not be good enough for whatever it is that she wants.
I shared to her that I, too, had no idea about what I wanted to do until I was pursuing my undergraduate degree in accountancy; that I, too, did not feel adequate; that I, every now and then, am still not very clear of what I want to be when I grow up. I told her that when I was young, I wanted to be an architect, notwithstanding my complete inability to draw more than a stick figure, because I wanted to build a house for my family.
At my age, I am not 100 percent clear on where I want to end up. I have different thoughts on where my career will lead me. However, after accepting that not all my dreams and aspirations may come to fruition and I still have to pursue them anyway, I want to imbibe the following traits when I grow up:
I want to be unafraid of learning and experiencing new things. Very early into my fatherhood, I told myself that I will, as much as I can, be interested in the interests of younger generations. I figured that is one of the best ways for me to remain in touch with what my kids will be excited about. I want to be able to relate to them as much as they are able to relate to me. As I immersed myself in the latest trends and fads, I realized that I am not only doing this so I can still relate with my kids, but so I can also relate to the younger generations I am working with. When I grow up, I still want to have that passion to discover and learn new things. This mindset not only keeps me interested in what is new, but it also enables me to be more patient and open to learn new things.
I want to keep my ego in check. I do not want to think too highly of myself and be easily offended when someone younger voices out their opinions. Over the past two generations, we hear younger people complain that there are times when the older generation’s only defense against a young person’s opinion is that the latter does not know anything, simply because of their age. When I grow up, I want to remember that I do not have the monopoly on knowledge, that my years of experience do not automatically make my point of view correct, that age cannot be used as the sole basis for determining who wins an argument. When I grow up, I still want to act mature.
I want my patience to never leave me. I have been noticing lately that my patience is not as long as it once was, that the amount of time before I snap is getting shorter, that my pettiness is becoming more prevalent. Maybe it is because my ego is starting to inflate or my responsibilities are just exponentially growing; hence, time is becoming more valuable. Regardless, the expansion of my responsibilities should not be used as a license for me to snap at people. When I grow up, I want to retain my patience but, at the same time, not sacrifice the demand for excellence.
I want to retain my passion to pursue my purpose. As we grow older, there is the temptation to just mail it in, to just relax and slack off, to forego the continuous pursuit of our purpose. When I grow up, I still want to live out my purpose to the fullest, to not use my advancing age as an excuse to compromise the fulfillment of my purpose.
I realized that the way I answered the same question—what do I want to be when I grow up—has changed as I grow older. When I was young, my answer is based mostly on what I want to achieve in life in terms of professions, job titles, and possessions. In my midlife, however, the answer changed to something more relational, something more outward looking. It is probably because, as I grow older, I realized there are more important things in life.
When I grow up, I want to value other people more than I want to feel valued.
Anton Ng is a Partner in 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 23 partners and more than 900 staff members. We’d like to hear from you! Tweet us: @PAGrantThornton, 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 our website: www.grantthornton.com.ph
As published in The Manila Times, dated 28 August 2019