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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.
Imagine a workplace that isn't just a source of income, but a breeding ground for personal growth and fulfillment. This is the reality of "a great place to work," where an enthusiastic company culture fosters passionate employees. Though the problem lies ahead: is it possible to have a strong professional commitment to our careers while pursuing the interests that make up our personal lives? Creating a workplace that fosters a positive and fulfilling environment is essential for cultivating passionate individuals. A great place to work goes beyond the traditional notions of job satisfaction; it actively nurtures a culture that inspires and encourages employees to be passionate about what they do. This synergy between the workplace and passion is a powerful catalyst for personal and professional growth.
In the pursuit of professional excellence, the role of passion in the workplace is undeniable. It serves as a driving force, propelling people to achieve remarkable feats and fostering a sense of fulfillment. However, this hunger for professional development, when left unchecked, can inadvertently lead to burnout. And this is something that everybody should stay away from because recovering from burnout demands a lot of our physical and emotional wellbeing. Moreover, according to the Women in Business 2024 report, it is imperative to understand the importance of adhering to Diversity, Equity, and Inclusion (DE&I) and Environment, Social and Governance (ESG) strategies as it is currently proven to be very effective among the mid-market businesses. With these strategies, it gives importance on how DEI& and ESG strategies could aid in alleviating the dedication and exhaustion of passion and work.
In exploring the thin line between dedication and exhaustion, the dynamic landscape of modern careers easily unfolds. To help you better understand how a great place to work can breed passionate people while keeping them from burning out, here are a few things to look out for:
Organizational point of view
It is important to acknowledge that while "passion" is being used more and more, not all businesses share the same notion of “passion.” According to a 2023 article by Harvard Business School, “the increasing use of passion should come the recognition that it may not always be the right focus for all organizations.” Furthermore, the article also mentioned how Hannah Weisman, a post-doctoral researcher, noted leadership engagement with successful companies’ idea of passion.
As Weisman notes, “Leaders would benefit from reflecting on and being honest about what they mean by ‘passion.’ For instance, if they are seeking to hire ‘passionate’ employees, to what end? To attract employees who are willing to work hard, commit to long hours, and endure a challenging, ambiguous work environment? If so, perhaps emphasizing passion is not the best way of doing so because it may not set the right expectations in the minds of prospective employees.”
Leaders are most effective when they inspire enthusiasm for the company's mission and values, rather than dictating individual passions. This fosters a collective sense of purpose, allowing employees to find their unique ways to contribute and bring their own passions to the table.
Leaders must lead for the rest to follow
Once the company has established how it wants to set its idea of “passion,” then it's the leader’s job to set an example. It's true that leaders will find it challenging to ensure work-life integration for every individual staff in their team; however, it is not impossible. Moreover, employees’ perceptions of how their work-life integration impacts their career and their standing within the organization are significantly influenced by their leader’s effectiveness in managing the Company. This implies that decision-making by employees is greatly influenced by leaders. With this, it is important to note that CEOs are the most responsible in terms of being responsible for DE&I initiatives (40.2%), according to the Women in Business report. In this report, it is implied that having an inclusive community in the company includes the welfare of all employees.
According to a 2022 article by Forbes, instead of a vague and open interpretation of work-life balance, “leaders need to provide for their team members a definition that is relevant to the current business environment.” As such, this clarity can serve as a guidepost to employers and employees alike. It can be helpful in developing policies, luring and retaining talent, and, if embraced as a corporate principle, can guide employee behavior at all levels of the organization.
To further support this, a fresh 2023 study by Harvard Business School mentioned how managers should be role models for their employees. The article said, “Be the change you want to see. Showcase who you are outside of the office and what else matters, whether that’s a three-week fly-fishing trip or being present for your kids’ games or recitals.” The more explicit, the better communication, the better employees will perceive the passion ignited by their bosses.
Understanding work-life integration
Passionate people thrive in an atmosphere that values their contributions, recognizes their potential, and provides opportunities for continuous learning and development. When individuals feel supported and appreciated, they are more likely to invest their energy and commitment into their work. This enthusiasm enhances their output quality and contributes to the workplace's success and vibrancy.
For the most part, it is crucial to understand that work-life integration doesn't necessarily mean an equal split between professional and personal time; rather, it emphasizes the need for harmony between the two. Rather than striving for a strict separation, it is encouraged for employees to weave elements of work and personal life together seamlessly. Embracing this approach may allow employees to pursue their passions beyond work, which in turn revitalizes their sense of purpose and sparks creativity within their professional roles. In addition, having a work-life integration enhances the DE&I of the business through its working model. In the Woman in Business 2024 report conducted by Grant Thornton International, the preferred working model in the Philippines is the hybrid-setup (42.2%) then comes the office-based setup (37.3%). Providing flexibility, such as the option to work from home, creates opportunities for employees, particularly women, to integrate their personal and professional lives seamlessly.
Finding a synergy between being passionate about work and pursuing life's other passions is a delicate yet essential aspect of a fulfilling lifestyle. It involves understanding that work is an integral part of life but should complement rather than overshadow personal interests and well-being. A workplace that values the importance of work-life integration empowers individuals to bring their authentic selves to their roles whole concurrently exploring their passions beyond the office walls.
In conclusion, a great place to work goes beyond providing a paycheck; it becomes a hub of inspiration and fulfillment. A leader who understands both the business’ perception of passion, as well as leading his or her employees toward this perception, while simultaneously harmonizing both the employees’ and the business’ passion for work-life integration, is something that all successful businesses must understand; individuals contribute not only to the success of the organization but also to their own personal growth and well-being. And by fostering a “go beyond” mindset while maintaining a well-balanced lifestyle, one might achieve such success.
As published in The Manila Times, dated 20 March 2024