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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.
THE SUN is up high, shining so brightly, and is barely hidden behind cotton candy clouds. There is stillness in the air and you feel a blanket of warmth shroud your entire body. Sweat starts to trickle down your cheek along with the realization that rainy days are over. Summer has come and once again it demands to be felt.
Summer is a time when people make travel plans and take much-needed trips to the beach. We put on sunscreen, take out our big sunglasses, don a big hat and with an approving smile, shift our focus on relaxing and planning our summer adventures.
The Philippines’ 2021 summer season began in March and ended last May. But for economic frontliners overwhelmed by the busy months of January to April, as well as the majority of the Philippine population spending months within the confines of their homes due to safety concerns, the change of seasons has become barely noticeable. Hopes to have a summer getaway were dashed when the pandemic set in.
With government-imposed lockdowns and travel restrictions, summer has become like any ordinary season. While for some people the extra time spent inside our homes can mean more time to think creatively and proactively, aspiring accountants can take this opportunity to focus on taking action to attain their goals and plans. It is a great time to look back on the plans that have been deferred when the world was not limited by the impacts of the pandemic. For example, accounting graduates still on the throes of taking and hurdling the CPA licensure exams can take more time to brush up on their knowledge about accounting principles. They can also take part in webinars and virtual competitions that can help them review for the licensure exams.
Just recently, P&A Foundations, Inc., the Philippine Institute of Certified Public Accountants (PICPA), and the Association of Certified Public Accountants in Commerce and Industry (ACPACI) held the 22nd Search for Outstanding Accounting Students of the Philippines. It is an annual nationwide competition which aims to shine the spotlight on the top accountancy students in the country. The virtual event was well-attended by brilliant accounting students who shared their knowledge in accounting principles.
Staying productively preoccupied during the pandemic does not just mean studying and boosting one’s academic pursuits. It could also mean setting aside time to adopt a healthy lifestyle, a change in diet plans, the pursuit of a new career path, a new business venture, or simply a break from daily routines.
Life, like nature, has its own seasons. We go through summers on our carefree days. This is a season for opportunities, reward, and fulfillment. Just like how flowers turn into full bloom, we nurture and grow in our life’s summer.
At times, we often lose sight of the adversities that we have to prepare for in life. If we fail to prepare for future challenges, we could end up losing the sprouts we’ve sown and watered. Ultimately, we should always be prepared for whatever life throws at us. And we can do this by taking time to reflect and plan our future course of action.
The seasons of life, however, is not limited to summers and rainy days. We also get through the seasons of setbacks and breakthroughs, of turbulence and calmness, of disappointments and satisfaction, of letting go and holding on, of breaking and healing, of losing and finding. Oftentimes, a multitude of circumstances define the season we are in. And these very same circumstances will bring out the various characters we have.
When seasons change, inevitably, we must also change to adapt. However, it is only when we are wise enough to recognize our full potential and our ability to weather any challenge can we make the most out of our summers and ultimately, allow us to dance through the rain.
As published in Mindanao Times, dated 15 June 2021