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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.
Who is successful?
07 Aug 2019Today, we consume a great amount of social media, and we do not expect it to lessen anytime soon, maybe never. As we survey through the different social media platforms, we can see what others have been doing, where they are now, and what kind of life they have been living. With so much information, it is becoming more and more difficult for us to avoid comparing what we are seeing with what we have been doing. Not only do we compare ourselves with our friends and colleagues, we are also exposed to a new breed of individuals whom we feel are having such a great gig: the travel vloggers, the e-sports professionals, and the social media influencers. Heck, we even dream of our kids having their own YouTube channels with millions of subscribers. All these information we are seeing every day are affecting how we are scrutinizing our own lives.
No matter how many times we hear the advice to avoid comparing our lives to that of others, comparing ourselves seems to always creep into our heads. Doubts, regrets, and even depression are just but a few of the negative implications that we experience. Every so often, our views on success might change, depending on whose social media account we are analyzing.
Each of us live our lives differently. From the moment we were born, we faced different circumstances that led to different paths. Some were born in a war-torn room, with no father in sight, while snow is falling outside. There are others who were born into a pool of warm water, surrounded by several doctors and nurses, while their father is excitedly taking pictures, in a midst of horns blowing, because of the horrendous traffic in the metro.
Some are born with physical disabilities and to a loving family, while others have a perfect bill of health, but will go straight to the orphanage upon release from the hospital. Some grew up with their grandparents, because their parents are working abroad, while others have a stay-at-home mom as their teacher. Circumstances contribute to who we are today and what choices, if there are any, are available to us. For some, they were born into privilege: complete meals and vitamins when they were kids, or private education with a tutor.
On the other hand, there are others who were born with skills in singing, dancing, and sports. Some people are just exceptionally pleasing to the eye, while there are those who seemingly do not have anything good going for them, with no access to good education or even basic human needs. We have heard of college dropouts making it big or somebody who used to collect trash, but is now a successful entrepreneur. Others became a somebody upon turning 50, while a 16 year-old recently won $3 million for playing a video game. We also hear of young adults who were born into a prominent family, but were never able to live up to their parents’ economic and social stature.
Our lives are different from each other. It may not be obvious at times, but they are different. Yet, here we are, trying to define our own success through the lens of some other person in an Instagram post.
Let us not let another person’s life (tweets included) define what success is for us. How we define success would define how we would live our lives. Success should not be about money or one’s status. Neither should success be tied up to an individual’s relationship or the amount of time spent with family.
Success is being able to maximize everything that was given to us as our raw materials: our country, institutions, family, resources, skills, and talents. The more we are able to use all of raw materials to provide for the needs of others, the better. Needs that are not only financial in nature, but also emotional, mental, and spiritual needs.
Whatever our definition of success is, whether it is world-changing, may it not be simply an excuse for us to run away from an unwanted situation. Do not hide from the noble excuse of living a simple life when quitting your corporate job. There is nothing wrong with choosing a much simpler life but, if it was just an excuse, no matter where you pursue your career, you will never meet your definition of success. Do not waste your talents and the privileges afforded to you all your life.
Other people’s lives may serve as an inspiration or a learning experience, but they should never become our benchmark to define our own success. At the end of the day, it is not our peak as compared to others that matter, but is our peak, the very peak that we can reach after considering everything provided to us.
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 07 August 2019