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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.
Before it’s too late
22 Jan 2019You heard the alarm ring. You woke up and checked your clock. What time was it? It was still 5:00 a.m. So, what did you do next? Took a shower? Dressed for school, for work? No. Instead, you hit the snooze button, rolled back to bed, and murmured a promise to wake up by the next alarm. Like any other promise you create, you made it. Congratulations for making it on the fifth alarm!
It’s okay. It is nothing to be ashamed of. Waking up late is not a crime. If it were, almost everyone would be arrested for being guilty of it. I, for one, had snoozed my mobile phone’s alarm several times that I eventually decided to just call it a day early on. Thank godness it was a holiday.
But, not every day is. More often than not, we have so little time to shower, eat our breakfast, brush our teeth, and say goodbye to the people we love for school, work, or errands. We then resort to rushing things to keep up. And the result?
We unsurprisingly find ourselves tired and unsatisfied. Betting the rest of our day on how well the second, third, fourth or fifth alarm wakes us up should already be alarming. It is a realization that should have woken us up by now.
We all know that simple truth. When time is out, time is really out. There is no refill, no recharge, no reset. Whether you are not yet done as you approach the deadline; you are not yet married by the age of 30, 40, or 50; you are not yet doing what you love at this point in your life; or you are not sincerely sorry, words of affirmation, or “I love you” to your family who has not heard from you or to your parents who might be too old, but still try to learn social media just to reach you, see you, and hear your voice wherever you are right now.
Time won’t stop and say, “Hey, here is an update. You only have few days, few hours, and few minutes left, so do the things that matter most to you now!” You will probably look at the calendar, and see that the New Year seemed to be only yesterday. Why worry when we are at the start of the year? There seems to be more time. We have all year.
We have all day, but are we sure of that?
In our line of work, we could only be reasonably certain. Human as we are, we cannot give absolute assurance. No one of us really know how much time is left for you after reading this. Who knows you won’t make it till the last sentence, last word or period in this article? That’s absurd. But really, only God knows. That’s the only thing we could be certain of.
Let us return to snoozing one’s alarm. Ask yourself this question: How much time do I still have after I waited for that second alarm to go off? Is there really enough time left for me, even just to say goodbye to the people most important to me? Do I know what is the one thing that matters to me before my time is really out?
Rick Warren, the author of the New York Times bestseller, The Purpose-Driven Life, has greatly influenced me and the writing of this article. One of my favorite lines is: “The more time you give to something, the more you reveal its importance and value to you. If you want to know a person’s priorities, just look at how they use their time.” So I looked over the things on which I spend my time for, and what I discovered was not so shocking at all. How about you?
You know very well that there is a price to everything. It is your choice. You could hit the snooze button, make excuses, and believe the lies of laters and tomorrows; or you could wake yourself up and own the only time you have, and that is now.
As published in Mindanao Times, dated 22 January 2019