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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.
A seasoned auditor, free-spirited, living life to the fullest, and an individual with uncontainable excitement to explore the world after two years of pandemic lockdown—that was me two and a half years ago. At the same time, I was also someone still seeking what I truly wanted in life. I started continuing professional education by taking my master’s degree, started a small business, immersing myself in the world of stocks and cryptocurrencies, planning to quit my job, thinking of transferring to another field, considering going back to farming, and a little bit of everything. In a nutshell, I do not know what I want to do with my life, nor do I even have a clue.
I want to do everything in life, yet I did not have the luxury of time, resources, and finances to do it. To find solutions, I resorted to the conventional way—I asked the Lord for signs, and voila! Two weeks after, I received exciting news. The partners wanted to send me to Australia as part of the Firm’s secondment program, to which I agreed without second thoughts. I spent the last two years in the land down under, where I see the world from a larger perspective. During my stay there, I had lots of realizations and learnings. Reality slapped me so hard that it made me return to my senses. These lessons made me think bigger and made me mature enough to face life’s unending battle. As I lived there, I realized that:
a. Personal time is important for you not to forget who you really are and the values you have.
We, Filipinos, are one of the most hardworking races in this world. Lots of employers love us. My employer loved me and adored me because of my work ethic and dedication just to earn decent pay. We immerse ourselves in work so much that we do not even have time to do the main reason why we worked in the first place. Some of us worked to travel yet cannot even afford to take a leave of absence to really travel. We wore stress as medals.
On my first few weeks in Australia, I was doing things to make a good impression. I worked extended hours and even still worked once I got back to my apartment. Not until one day, my superior asked me what I would do later that night, and I responded that I have to finish these deliverables that I haven’t finished during the day. She looked at me in dismay and told me to do my personal thing and enjoy the rest of the night. I was struck at that moment because I realized that I forgot what I really love doing for myself. From that moment on, I always made sure that I had at least two to three hours to do things for myself, i.e., watch a good movie series, cook some good dinner, experiment with combinations for a good matcha drink, among others.
b. Earning is great, but family and friends are incomparable.
Even if I was working abroad, I continued living frugally, as I've been doing throughout my life. Although I was making a good living, I was content if I had stocks of eggs and meat in my fridge. I would treat myself at least twice a month and have occasional pub drinks with my mates. I was earning, and I was able to invest most of it—I was living the dream, money-wise.
This was until my mother got severely sick and needed to be transported to the nearest emergency hospital at midnight. During that moment, I realized that I was not around for my family in case something bad happened. On the other hand, if I get sick, no one will also take care of me considering that my nearest relative is residing in Melbourne and I was based in Brisbane. For me, it’s a gamble between income and relationships, and I will always choose the latter.
c. Setbacks will guide you to your destination.
Before I went to Australia, I was clueless with what I wanted in life. I drafted three versions of resignation letters, undergone several coaching sessions with my people coach, talked to senior partners of the firm for wisdom and opinion, and even considered not renewing my CPA license. I was pressured to be a winner, doubting if I had the capabilities to be a winner. I lost people, I lost chances, I lost resources. Those are tough experiences I always looked back on, and those brought me to Australia. Ultimately, those experiences equipped me with the necessary intangibles to survive and face life.
These experiences made me see the bigger picture of life. I am grateful that I am supported by people around me including the Firm. Instead of looking for something missing, I should look around and appreciate what I currently have and decide on things I have control. Nobody’s perfect; hence, there will always be something missing, and if you are focused on that, happiness and success will be impossible.
There will always be a time in our lives where we are clueless if we are doing the right thing—which path to go and which bridge to cross. As my favorite quote says from the book “A Gentle Reminder by Bianca Sparacino, “However you fought your battles and whatever got you here today is valid. You had to do what you had to do. Congratulate yourself on having the courage to do it, even if it was not graceful, even if it could have been executed in a kinder way or more tender day, even if you see now that you could have done things differently.” Let’s be gentle with ourselves. We are learning. And we still are.
As published in Mindanao Times, dated 14 December 2024