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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.
Work out your love
14 Feb 2018On this day 30 years ago, Punongbayan & Araullo was born, and I have since been with the company for almost half of those years. It was only fitting that “the firm with a big heart” was established on Valentine’s Day.
This is my 15th year in “The Little Firm That Could.” New employees would normally assume that I love my job, for how could I, according to them, continue doing the work that I have been doing and attain success unless I love it? It is a reasonable assessment.
“Choose a job that you love, and you will never have to work in your life.” Love your work. We have heard this so many times in graduation speeches and have seen it in memes as well. Even people whom I truly respect and admire are preaching this message. Even now, however, I still find it difficult to accept the advice as truth.
When people ask me if I love my job, my answer has always been: “I would be lying to you if I said, ‘Yes, I love my job’.” They would then ask how I had been able to stay in this job for this long without loving what I do. Touché, I would think.
What is love, anyway? The dictionary defines love as “an intense feeling of deep affection.” It is a definition that only a few people would use to describe how they felt toward work. Another definition, which is closer to how one might feel about work, is “a great interest and pleasure in something.” Can this feeling of great interest and pleasure, though, be applicable to all types of work? Can you tell somebody who cleans a septic tank to love his work? Can all kinds of work be loved? If that is not case, that statement is difficult to accept. It will not be true for everyone, at least.
There lies my biggest apprehension over subscribing to the “love your work” mantra. It is not true for everyone. It may not even be true for most people.
So what then?
Instead of preaching, “love your work,” why not influence people to “work your love? (or work out your love).” The former focuses on the self. “Love your work” puts emphasis on oneself as being more important than others, because the self needs to find great interest and pleasure in what it does in order for one to do the work well.
“Work your love,” on the other hand, emphasizes the idea that those around the one working will feel the love toward the work being performed. It is then a contrast between “find something that you love to do,” and “in whatever you do, do it with love.”
I subscribe to the latter.
You may not be able to tell the septic tank cleaner convincingly to love what he does, but you can always commend him for doing something that shows he cares about his customers and his family. Imagine enduring such work in order to serve others as part of his job, and his family. It is not about the worker finding something that he loves to do, but more about him doing something with love.
Some people may not love their work, but surely they are working out their love.
Working out your love simply means to exercise love. Love for me is not merely a fleeting emotion. It is a permanent commitment. It is not easy and it will never be. That is why one has to work on it in order for it to develop. Same as when we work our core. We do core strength exercises to develop and strengthen our core muscles.
The same is true with love. We have to exercise it for us to develop and strengthen it. But how should one do it within the context of work?
Exercising love in the work that we do should be reflected in our output. Consistent excellence in our work reflects how we value the people who are supposed to be using our output. This means that our production of excellent output will not only enrich ourselves but should also enrich others. Consistent excellence in our work also reflects how we value those who have contributed to the work that we have been doing. If you are a team leader, you are exercising love if you make sure that the output of your team will do justice to all the hard work that your team members have poured into it. A leader should not only think about how the excellence of his team’s output would be attributed to his leadership but rather, how the output would be attributed to the entire team. Working out love is, thus, extending our focus apart from ourselves, but to others as well.
The Bible defines love as patient, kind, not self-seeking and not easily angered, among others. These values are normally expressed in our interaction with the people around us. Extend utmost patience in dealing with those we are working with. Avoid being rude, regardless of how others are treating you. In making decisions, let us not only look after our own interest, but after the interest of others. Give second chances and avoid making snap judgments when angry. These are some of the few ways we can work out our love.
Why was I able to stay at P&A Grant Thornton for this long? It is because this job allows me to work out my love for the people I interact with every single day. This is where I was placed by God to exercise my love. Am I perfect with regard to this matter? Certainly not. I am still a work in progress.
Anton Ng is a partner, Audit & Assurance of P&A Grant Thornton. P&A Grant Thornton is one of the leading audit, tax, advisory and outsourcing firms in the Philippines, with 21 partners and more than 850 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.marketscomm@ph.gt.com. For more information, visit our website: www.grantthornton.com.ph.
As published in The Manila Times, dated 14 February 2018